Is North Lauderdale, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, North Lauderdale was a Seller's Market.
Housing Prices in North Lauderdale, FL
How much do homes in North Lauderdale, FL cost?
Median Sold Price
$338,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in North Lauderdale was $338,000 in March 2024, up 12.7% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $133.2K | $150.7K | +13.1% |
2 Bedrooms | $223K | $257.5K | +15.5% |
3 Bedrooms | $340K | $385K | +13.2% |
4 Bedrooms | $390K | $430K | +10.3% |
5+ Bedrooms | - | $504K | N/A |
Summary: North Lauderdale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.1%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
North Lauderdale | $300K | $338K | +12.7% |
Tamarac | $290K | $313.2K | +8.0% |
Fort Lauderdale | $439.9K | $475K | +8.0% |
Coral Springs-Margate | $332.7K | $356.2K | +7.1% |
Margate | $323.6K | $344K | +6.3% |
Housing Supply in North Lauderdale, FL
How many homes are available in North Lauderdale, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
82 | 84 | +2.4% |
Summary: The North Lauderdale real estate market had 84 homes for sale in March 2024, a 2.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 12 | +20.0% |
2 Bedrooms | 26 | 30 | +15.4% |
3 Bedrooms | 33 | 29 | -12.1% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The North Lauderdale housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 10 | -37.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in North Lauderdale in March 2024, down by 37.5% month-over-month. Of the 10 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 64 Days | +36.7% |
Summary: Homes in North Lauderdale had an average of 64 days on market in Mar 2024, up by 36.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in North Lauderdale; 50% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.