Is Lutz, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$486,089
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Lutz has remained the same since last year.
Summary: The median home sold price in Lutz was $486,089 in March 2024, down 0.4% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132.9K | $138.7K | +4.4% |
| 2 Bedrooms | $250K | $269K | +7.6% |
| 3 Bedrooms | $398.8K | $398.5K | -0.1% |
| 4 Bedrooms | $585K | $616K | +5.3% |
| 5+ Bedrooms | $851K | $908.5K | +6.8% |
Summary: Lutz housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 7.6%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Cities
| Odessa | $630.3K | $700.4K | +11.1% |
| Keystone-Citrus Park | $484.8K | $499.9K | +3.1% |
| Lutz | $488.2K | $486K | -0.4% |
| Tampa | $412.8K | $411.3K | -0.4% |
| Land O Lakes | $449.9K | $427.3K | -5.0% |
Housing Supply in Lutz, FL
How many homes are available in Lutz, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 315 | 320 | +1.6% |
Summary: The Lutz real estate market had 320 homes for sale in March 2024, a 1.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 14 | +16.7% |
| 2 Bedrooms | 18 | 25 | +38.9% |
| 3 Bedrooms | 143 | 133 | -7.0% |
| 4 Bedrooms | 107 | 107 | 0.0% |
| 5+ Bedrooms | 35 | 41 | +17.1% |
Summary: The Lutz housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 38.9%, 3 bedroom homes decreased by 7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 17.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 67 | 70 | +4.5% |
Asking Price vs. Sold Price
51 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lutz, you may be able to get a good deal. 72.9% of homes here sold below asking price last month.
Summary: A total of 70 homes were sold or pending in Lutz in March 2024, up by 4.5% month-over-month. Of the 70 sold homes, 73% were sold under asking, 14% were sold at asking, and 13% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 57 Days | 49 Days | -13.4% |
Summary: Homes in Lutz had an average of 49 days on market in Mar 2024, down by 13.4% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
15 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 March 2024, 70 homes were sold in Lutz; 57% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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