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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sunrise is a buyer's market

Buyer's
Market

Difference Since May 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

$377,500

$276/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$42,300(+12.6%)

Key Takeaway

Homes in Sunrise have sold for 12.6% more than they did a year ago.

Summary: The median home sold price in Sunrise was $377,500 in May 2024, up 12.6% from last year, and the median price per square foot was $276.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $113K$115K
+1.8%
2 $208.7K$227.9K
+9.2%
3 $450K$485K
+7.8%
4 $515K$532K
+3.3%
5+ $660K$640K
-3.0%

Summary: Sunrise housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 3%.

Median Sold Price Compared To Nearby Cities

Lauderhill
+25.9%
Sunrise
+12.6%
Plantation
+9.0%
Davie
+8.4%
Tamarac
+6.6%

Housing Supply in Sunrise, FL

How many homes are available in Sunrise, FL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
490520+6.1%

Summary: The Sunrise real estate market had 520 homes for sale in May 2024, a 6.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 8487
+3.6%
2 224244
+8.9%
3 142152
+7.0%
4 3232
0.0%
5+ 85
-37.5%

Summary: The Sunrise housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 37.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
5762+8.8%

Asking Price vs. Sold Price

40 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sunrise, you may be able to get a good deal. 64.5% of homes here sold below asking price last month.

Summary: A total of 62 homes were sold or pending in Sunrise in May 2024, up by 8.8% month-over-month. Of the 62 sold homes, 65% were sold under asking, 24% were sold at asking, and 11% 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

May 2023May 2024CHANGE
36 Days54 Days+48.9%

Summary: Homes in Sunrise had an average of 54 days on market in May 2024, up by 48.9% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 62 homes were sold in Sunrise; 47% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 18% 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 17 Days Ago

Newest Listings in Sunrise, FL

Nearby Markets to Sunrise, FL

What housing markets are near Sunrise, FL?