Is Lutz, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
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
$478,346
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Lutz have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in Lutz was $478,346 in November 2023, down 0.6% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122.2K | $145.4K | +18.9% |
| 2 Bedrooms | $241K | $269.5K | +11.8% |
| 3 Bedrooms | $395K | $395.7K | 0.2% |
| 4 Bedrooms | $569.9K | $615K | +7.9% |
| 5+ Bedrooms | $800K | $915K | +14.4% |
Summary: Lutz housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 18.9%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 14.4%.
Median Sold Price Compared To Nearby Cities
| Odessa | $607.5K | $700.6K | +15.3% |
| Keystone-Citrus Park | $468.6K | $489.5K | +4.4% |
| Tampa | $404.6K | $407.3K | +0.7% |
| Lutz | $481.3K | $478.3K | -0.6% |
| Land O Lakes | $449.9K | $429.5K | -4.5% |
Housing Supply in Lutz, FL
How many homes are available in Lutz, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 292 | 271 | -7.2% |
Summary: The Lutz real estate market had 271 homes for sale in November 2023, a 7.2% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 13 | 18 | +38.5% |
| 3 Bedrooms | 119 | 112 | -5.9% |
| 4 Bedrooms | 112 | 102 | -8.9% |
| 5+ Bedrooms | 38 | 30 | -21.1% |
Summary: The Lutz housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 38.5%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes decreased by 21.1%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 62 | 53 | -14.5% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lutz, you may be able to get a good deal. 60.4% of homes here sold below asking price last month.
Summary: A total of 53 homes were sold or pending in Lutz in November 2023, down by 14.5% month-over-month. Of the 53 sold homes, 60% were sold under asking, 30% were sold at asking, and 9% 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 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 31 Days | 48 Days | +56.1% |
Summary: Homes in Lutz had an average of 48 days on market in Nov 2023, up by 56.1% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
9 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 2023, 53 homes were sold in Lutz; 51% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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