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 November 2021

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.

How much do homes in Sunrise, FL cost?

Median Sold Price

$300,855

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$17,786(+6.3%)

Key Takeaway

Homes in Sunrise have sold for 6.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $72K$95K
+31.9%
2 $150.9K$180K
+19.3%
3 $364.3K$424.9K
+16.6%
4 $415K$502.5K
+21.1%
5+ $449.5K$599.5K
+33.4%

Median Sold Price Compared To Nearby Cities

Davie
+22.2%
Plantation
+21.9%
Lauderhill
+17.3%
Tamarac
+12.0%
Sunrise
+6.3%

How many homes are available in Sunrise, FL?

Number of Homes For Sale

Oct 2022Nov 2022%
328338+3.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 3848
+26.3%
2 156156
0.0%
3 101100
-1.0%
4 3232
0.0%
5+ 12
+100.0%

Number of Homes Sold

Oct 2022Nov 2022%
7647-38.2%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

10 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. 61.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
28 Days33 Days+17.6%

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

5 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.

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

About Sunrise, FL

Homes for sale in Sunrise, FL have reached 338. The number of homes for sale in Sunrise, FL increased by 3% between October 2022 and November 2022. Listings spent 33 days on the market in November 2022, and had a median list price of $300,855 during the same period. Real estate listing prices changed between October 2022 and November 2022: the cost of 1 bedroom properties went up by 31.9%, prices of 2 bedrooms properties went up by 19.3%, prices of 3 bedrooms properties increased by 16.6%, prices of 4 bedrooms properties went up by 21.1%, prices of 5 bedrooms properties went up by 33.4%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory increased by 26.3%, 2 bedrooms homes inventory did not change, the quantity of 3 bedrooms homes went down by 1%, 4 bedrooms homes inventory did not change, the quantity of 5 bedrooms homes went up by 100%. In November 2022 more than 10 listings in Sunrise, FL were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 29 were sold below.

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