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 January 2023

Since last year, Southwest Ranches has remained a Buyer'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.

Housing Prices in Southwest Ranches, FL

How much do homes in Southwest Ranches, FL cost?

Median Sold Price

$1,220,000

$470/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

-$178,500(-12.8%)

Key Takeaway

Homes in Southwest Ranches have sold for 12.8% less than they did a year ago.

Summary: The median home sold price in Southwest Ranches was $1,220,000 in January 2024, down 12.8% from last year, and the median price per square foot was $470.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 --
N/A
2 --
N/A
3 $880K$912.5K
+3.7%
4 $1.0M$1.2M
+16.3%
5+ $1.9M$1.9M
-1.3%

Summary: Southwest Ranches housing prices by bedroom type for January 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 increased by 3.7%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes decreased by 1.3%.

Median Sold Price Compared To Nearby Cities

Cooper City
+8.3%
Miramar-Pembroke Pines
+6.4%
Pembroke Pines
+5.7%
Weston
-1.0%
Southwest Ranches
-12.8%

Housing Supply in Southwest Ranches, FL

How many homes are available in Southwest Ranches, FL?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
4748+2.1%

Summary: The Southwest Ranches real estate market had 48 homes for sale in January 2024, a 2.1% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 00
0.0%
3 107
-30.0%
4 1112
+9.1%
5+ 2629
+11.5%

Summary: The Southwest Ranches housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 30%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 11.5%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was 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. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Southwest Ranches in January 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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

Jan 2023Jan 2024CHANGE
25 Days81 Days+226.0%

Summary: Homes in Southwest Ranches had an average of 81 days on market in Jan 2024, up by 226% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Southwest Ranches has remained consistent over time.

Summary: During January 2024, 4 homes were sold in Southwest Ranches; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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 23 Days Ago

Newest Listings in Southwest Ranches, FL

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