Is North Lauderdale, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, North Lauderdale was a Seller's Market.
Key Takeaway
North Lauderdale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Lauderdale, FL
How much do homes in North Lauderdale, FL cost?
Median Sold Price
$345,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in North Lauderdale have sold for 9% more than they did a year ago.
Summary: The median home sold price in North Lauderdale was $345,000 in June 2024, up 9% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $138K | $150K | +8.7% |
| 2 Bedrooms | $225K | $265K | +17.8% |
| 3 Bedrooms | $350K | $391K | +11.7% |
| 4 Bedrooms | $405K | $450K | +11.1% |
| 5+ Bedrooms | - | $497K | N/A |
Summary: North Lauderdale housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| North Lauderdale | $316.5K | $345K | +9.0% |
| Coral Springs-Margate | $335.7K | $364.3K | +8.5% |
| Fort Lauderdale | $440.1K | $476.8K | +8.4% |
| Tamarac | $299.7K | $314.8K | +5.1% |
| Margate | $330K | $342.1K | +3.7% |
Housing Supply in North Lauderdale, FL
How many homes are available in North Lauderdale, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 99 | 105 | +6.1% |
Summary: The North Lauderdale real estate market had 105 homes for sale in June 2024, a 6.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 42 | 47 | +11.9% |
| 3 Bedrooms | 40 | 42 | +5.0% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The North Lauderdale housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 25 | 9 | -64.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in North Lauderdale, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in North Lauderdale in June 2024, down by 64.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for North Lauderdale, FL
How long does it take to sell a home in North Lauderdale, FL?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 38 Days | 29 Days | -23.4% |
Summary: Homes in North Lauderdale had an average of 29 days on market in Jun 2024, down by 23.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Lauderdale are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 9 homes were sold in North Lauderdale; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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