Is Southwest Ranches, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southwest Ranches is a buyer's market

Buyer's
Market

Difference Since June 2021

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

Key Takeaway

Southwest Ranches is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Southwest Ranches, FL cost?

Median Sold Price

$1,262,500

$415/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2021

+$412,500(+48.5%)

Key Takeaway

Homes in Southwest Ranches have sold for 48.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJun 2021Jun 2022%
1 -$941K
N/A
2 --
N/A
3 $660K$841.2K
+27.5%
4 $810K$1.0M
+31.8%
5+ $1.6M$2.3M
+41.4%

Median Sold Price Compared To Nearby Cities

Southwest Ranches
+48.5%
Weston
+24.8%
Cooper City
+21.3%
Miramar-Pembroke Pines
+15.6%
Pembroke Pines
+13.0%

How many homes are available in Southwest Ranches, FL?

Number of Homes For Sale

May 2022Jun 2022%
2933+13.8%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 00
0.0%
2 00
0.0%
3 33
0.0%
4 811
+37.5%
5+ 1819
+5.6%

Number of Homes Sold

May 2022Jun 2022%
13+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southwest Ranches, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Jun 2021Jun 2022%
26 Days130 Days+387.2%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Southwest Ranches are taking a long time to sell, it's a good idea to negotiate on homes here.

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

About Southwest Ranches, FL

Southwest Ranches, FL has 33 homes on the market. Between May 2022 and June 2022, Southwest Ranches, FL real estate market has seen increase in the number of listings by 13.8%. In June 2022, listings were on the market for 130 days. During the same period, the median list price in this real estate market was $1,262,500. Between May 2022 and June 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went up by 0%, the cost of 3 bedrooms properties went up by 27.5%, 4 bedrooms properties prices increased by 31.8%, the cost of 5 bedrooms properties went up by 41.4%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes remained the same, volume of 3 bedrooms homes stayed the same, number of 4 bedrooms homes increased by 37.5%, the quantity of 5 bedrooms homes went up by 5.6%. In June 2022, from all listings sold in Southwest Ranches, FL there were more than 0 sold above asking price, over 3 sold below and more than 0 were sold right at the asked price.

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