Is Fort Lauderdale, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Fort Lauderdale was a Seller's Market.
Housing Prices in Fort Lauderdale, FL
How much do homes in Fort Lauderdale, FL cost?
Median Sold Price
$473,608
$363/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fort Lauderdale was $473,608 in April 2024, up 7.6% from last year, and the median price per square foot was $363.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $257K | $260K | +1.2% |
2 Bedrooms | $400K | $412K | +3.0% |
3 Bedrooms | $472.6K | $485.7K | +2.8% |
4 Bedrooms | $640K | $769.9K | +20.3% |
5+ Bedrooms | $1.4M | $1.4M | -6.5% |
Summary: Fort Lauderdale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes decreased by 6.5%.
Median Sold Price Compared To Nearby Cities
Lauderhill | $178.9K | $208.8K | +16.7% |
Lauderdale Lakes | $136.6K | $153.5K | +12.4% |
Fort Lauderdale | $440.2K | $473.6K | +7.6% |
Oakland Park | $363.7K | $390K | +7.2% |
Wilton Manors | $588.8K | $565K | -4.1% |
Housing Supply in Fort Lauderdale, FL
How many homes are available in Fort Lauderdale, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,212 | 1,333 | +10.0% |
Summary: The Fort Lauderdale real estate market had 1,333 homes for sale in April 2024, a 10.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 151 | 178 | +17.9% |
2 Bedrooms | 381 | 405 | +6.3% |
3 Bedrooms | 405 | 451 | +11.4% |
4 Bedrooms | 194 | 208 | +7.2% |
5+ Bedrooms | 81 | 91 | +12.3% |
Summary: The Fort Lauderdale housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.9%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 12.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
148 | 137 | -7.4% |
Asking Price vs. Sold Price
95 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 137 homes were sold or pending in Fort Lauderdale in April 2024, down by 7.4% month-over-month. Of the 137 sold homes, 69% were sold under asking, 20% were sold at asking, and 11% were sold over asking.
Days on Market for Fort Lauderdale, FL
How long does it take to sell a home in Fort Lauderdale, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
60 Days | 74 Days | +22.8% |
Summary: Homes in Fort Lauderdale had an average of 74 days on market in Apr 2024, up by 22.8% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
44 Homes Were Sold
In 30 - 90 Days
39 Homes Were Sold
Over 90 Days
Summary: During April 2024, 137 homes were sold in Fort Lauderdale; 39% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.