Is Sunrise, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Sunrise was a Seller's Market.
Key Takeaway
Sunrise is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sunrise, FL
How much do homes in Sunrise, FL cost?
Median Sold Price
$375,000
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sunrise have sold for 18.7% more than they did a year ago.
Summary: The median home sold price in Sunrise was $375,000 in March 2024, up 18.7% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $115K | +9.5% |
| 2 Bedrooms | $197.6K | $220K | +11.3% |
| 3 Bedrooms | $440K | $480K | +9.1% |
| 4 Bedrooms | $507.5K | $530K | +4.4% |
| 5+ Bedrooms | $660K | $577K | -12.6% |
Summary: Sunrise housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 12.6%.
Median Sold Price Compared To Nearby Cities
| Sunrise | $316K | $375K | +18.7% |
| Tamarac | $290K | $313.2K | +8.0% |
| Lauderhill | $179.3K | $191.3K | +6.7% |
| Davie | $469.7K | $500.8K | +6.6% |
| Plantation | $443.7K | $461.1K | +3.9% |
Housing Supply in Sunrise, FL
How many homes are available in Sunrise, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 413 | 482 | +16.7% |
Summary: The Sunrise real estate market had 482 homes for sale in March 2024, a 16.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 82 | 91 | +11.0% |
| 2 Bedrooms | 195 | 226 | +15.9% |
| 3 Bedrooms | 104 | 128 | +23.1% |
| 4 Bedrooms | 25 | 29 | +16.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Sunrise housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 60 | +50.0% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sunrise, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 60 homes were sold or pending in Sunrise in March 2024, up by 50.0% month-over-month. Of the 60 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Sunrise, FL
How long does it take to sell a home in Sunrise, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 45 Days | +6.9% |
Summary: Homes in Sunrise had an average of 45 days on market in Mar 2024, up by 6.9% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sunrise are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 60 homes were sold in Sunrise; 55% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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