Is Sunrise, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Sunrise was a Seller's Market.
Housing Prices in Sunrise, FL
How much do homes in Sunrise, FL cost?
Median Sold Price
$379,896
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Sunrise was $379,896 in June 2024, up 11.7% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $114.8K | $115K | 0.1% |
2 Bedrooms | $205.3K | $236.8K | +15.4% |
3 Bedrooms | $448K | $485K | +8.3% |
4 Bedrooms | $525K | $525K | 0.0% |
5+ Bedrooms | $622.5K | $640K | +2.8% |
Summary: Sunrise housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 8.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Cities
Lauderhill | $178.1K | $227K | +27.5% |
Plantation | $429.3K | $480.8K | +12.0% |
Sunrise | $339.9K | $379.8K | +11.7% |
Davie | $469.8K | $509.3K | +8.4% |
Tamarac | $299.7K | $314.8K | +5.1% |
Housing Supply in Sunrise, FL
How many homes are available in Sunrise, FL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
494 | 531 | +7.5% |
Summary: The Sunrise real estate market had 531 homes for sale in June 2024, a 7.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 81 | 78 | -3.7% |
2 Bedrooms | 231 | 258 | +11.7% |
3 Bedrooms | 143 | 155 | +8.4% |
4 Bedrooms | 34 | 34 | 0.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Sunrise housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.7%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 8.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
69 | 57 | -17.4% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 57 homes were sold or pending in Sunrise in June 2024, down by 17.4% month-over-month. Of the 57 sold homes, 72% were sold under asking, 19% were sold at asking, and 9% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
32 Days | 41 Days | +27.1% |
Summary: Homes in Sunrise had an average of 41 days on market in Jun 2024, up by 27.1% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During June 2024, 57 homes were sold in Sunrise; 44% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.