Is Plantation, 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, Plantation was a Seller's Market.
Key Takeaway
Plantation is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Plantation, FL
How much do homes in Plantation, FL cost?
Median Sold Price
$480,880
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Plantation have sold for 12% more than they did a year ago.
Summary: The median home sold price in Plantation was $480,880 in June 2024, up 12% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $166.5K | $185K | +11.1% |
| 2 Bedrooms | $261K | $280K | +7.3% |
| 3 Bedrooms | $484K | $537.2K | +11.0% |
| 4 Bedrooms | $680K | $741.3K | +9.0% |
| 5+ Bedrooms | $975K | $1.1M | +14.6% |
Summary: Plantation housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 14.6%.
Median Sold Price Compared To Nearby Cities
| Lauderhill | $178.1K | $227K | +27.5% |
| Plantation | $429.3K | $480.8K | +12.0% |
| Sunrise | $339.9K | $379.8K | +11.7% |
| Fort Lauderdale | $440.1K | $476.8K | +8.4% |
Housing Supply in Plantation, FL
How many homes are available in Plantation, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 368 | 397 | +7.9% |
Summary: The Plantation real estate market had 397 homes for sale in June 2024, a 7.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 25 | 29 | +16.0% |
| 2 Bedrooms | 115 | 126 | +9.6% |
| 3 Bedrooms | 113 | 121 | +7.1% |
| 4 Bedrooms | 82 | 88 | +7.3% |
| 5+ Bedrooms | 33 | 33 | 0.0% |
Summary: The Plantation housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 71 | 46 | -35.2% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plantation, you may be able to get a good deal. 71.7% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in Plantation in June 2024, down by 35.2% month-over-month. Of the 46 sold homes, 72% were sold under asking, 22% were sold at asking, and 7% were sold over asking.
Days on Market for Plantation, FL
How long does it take to sell a home in Plantation, FL?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 35 Days | 47 Days | +34.3% |
Summary: Homes in Plantation had an average of 47 days on market in Jun 2024, up by 34.3% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Plantation has remained consistent over time.
Summary: During June 2024, 46 homes were sold in Plantation; 43% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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