Is Southwest Ranches, 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, Southwest Ranches was a Seller's Market.
Housing Prices in Southwest Ranches, FL
How much do homes in Southwest Ranches, FL cost?
Median Sold Price
$1,500,000
$516/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Southwest Ranches was $1,500,000 in June 2024, up 37.6% from last year, and the median price per square foot was $516.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $1.0M | $925K | -8.0% |
4 Bedrooms | $1.0M | $1.5M | +40.8% |
5+ Bedrooms | $1.8M | $2.1M | +21.3% |
Summary: Southwest Ranches housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 40.8%, and 5+ bedroom homes increased by 21.3%.
Median Sold Price Compared To Nearby Cities
Southwest Ranches | $1.0M | $1.5M | +37.6% |
Cooper City | $611K | $678K | +11.0% |
Miramar-Pembroke Pines | $459.5K | $496.5K | +8.1% |
Pembroke Pines | $452.2K | $481.6K | +6.5% |
Weston | $722.5K | $720.9K | -0.2% |
Housing Supply in Southwest Ranches, FL
How many homes are available in Southwest Ranches, FL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
63 | 61 | -3.2% |
Summary: The Southwest Ranches real estate market had 61 homes for sale in June 2024, a 3.2% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 18 | 18 | 0.0% |
5+ Bedrooms | 40 | 37 | -7.5% |
Summary: The Southwest Ranches housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 7.5%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
10 | 9 | -10.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Southwest Ranches in June 2024, down by 10.0% 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 Southwest Ranches, FL
How long does it take to sell a home in Southwest Ranches, FL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
18 Days | 61 Days | +230.3% |
Summary: Homes in Southwest Ranches had an average of 61 days on market in Jun 2024, up by 230.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During June 2024, 9 homes were sold in Southwest Ranches; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.