Is Plantation, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Plantation is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Plantation was a Seller's Market.

Key Takeaway

Plantation is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Plantation, FL

How much do homes in Plantation, FL cost?

Median Sold Price

$471,083

$289/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$39,083(+9.0%)

Key Takeaway

Homes in Plantation have sold for 9% more than they did a year ago.

Summary: The median home sold price in Plantation was $471,083 in May 2024, up 9% from last year, and the median price per square foot was $289.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $164K$185K
+12.8%
2 $260K$280K
+7.7%
3 $485K$530K
+9.3%
4 $680K$735K
+8.1%
5+ $950K$1.0M
+13.2%

Summary: Plantation housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 13.2%.

Median Sold Price Compared To Nearby Cities

Lauderhill
+25.9%
Sunrise
+12.6%
Plantation
+9.0%
Fort Lauderdale
+8.0%

Housing Supply in Plantation, FL

How many homes are available in Plantation, FL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
340390+14.7%

Summary: The Plantation real estate market had 390 homes for sale in May 2024, a 14.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 2530
+20.0%
2 99113
+14.1%
3 99117
+18.2%
4 7988
+11.4%
5+ 3842
+10.5%

Summary: The Plantation housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 10.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4865+35.4%

Asking Price vs. Sold Price

41 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Plantation, you may be able to get a good deal. 63.1% of homes here sold below asking price last month.

Summary: A total of 65 homes were sold or pending in Plantation in May 2024, up by 35.4% month-over-month. Of the 65 sold homes, 63% were sold under asking, 23% were sold at asking, and 14% 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

May 2023May 2024CHANGE
32 Days34 Days+6.7%

Summary: Homes in Plantation had an average of 34 days on market in May 2024, up by 6.7% compared to last year.

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Plantation are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 65 homes were sold in Plantation; 52% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Plantation, FL

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