$4,133 Closing Credit*
$348,000
1,505 SqFt
3 Beds
•2 Full Baths
Eileen Rivera, Listing Office: HOMETRUST REALTY GROUP
Is Lutz, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lutz has remained a Seller's Market.
Key Takeaway
Lutz is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lutz, FL
How much do homes in Lutz, FL cost?
Median Sold Price
$502,727
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,244(+4.8%)
Key Takeaway
Homes in Lutz have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Lutz was $502,727 in November 2024, up 4.8% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145.4K | $151K | +3.9% |
| 2 Bedrooms | $269.5K | $287.5K | +6.7% |
| 3 Bedrooms | $395.5K | $408K | +3.1% |
| 4 Bedrooms | $615K | $624.6K | +1.6% |
| 5+ Bedrooms | $915K | $809.5K | -11.5% |
Summary: Lutz housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 11.5%.
Median Sold Price Compared To Nearby Cities
| Lutz | $479.4K | $502.7K | +4.8% |
| Keystone-Citrus Park | $489.1K | $510K | +4.3% |
| Tampa | $407.2K | $424.9K | +4.3% |
| Odessa | $701.5K | $685.1K | -2.3% |
| Land O Lakes | $420.3K | $409.9K | -2.5% |
Housing Supply in Lutz, FL
How many homes are available in Lutz, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 346 | 337 | -2.6% |
Summary: The Lutz real estate market had 337 homes for sale in November 2024, a 2.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 28 | 32 | +14.3% |
| 3 Bedrooms | 136 | 122 | -10.3% |
| 4 Bedrooms | 124 | 123 | -0.8% |
| 5+ Bedrooms | 49 | 50 | +2.0% |
Summary: The Lutz housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 62 | -1.6% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lutz, you may be able to get a good deal. 75.8% of homes here sold below asking price last month.
Summary: A total of 62 homes were sold or pending in Lutz in November 2024, down by 1.6% month-over-month. Of the 62 sold homes, 76% were sold under asking, 15% were sold at asking, and 10% were sold over asking.
Days on Market for Lutz, FL
How long does it take to sell a home in Lutz, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 49 Days | 46 Days | -5.3% |
Summary: Homes in Lutz had an average of 46 days on market in Nov 2024, down by 5.3% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lutz are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 62 homes were sold in Lutz; 48% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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