Is Lauderdale-by-the-Sea, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lauderdale-by-the-Sea has remained a Buyer's Market.
Key Takeaway
Lauderdale-by-the-Sea is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lauderdale-by-the-Sea, FL
How much do homes in Lauderdale-by-the-Sea, FL cost?
Median Sold Price
$535,175
$453/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lauderdale-by-the-Sea have sold for 16.5% less than they did a year ago.
Summary: The median home sold price in Lauderdale-by-the-Sea was $535,175 in May 2024, down 16.5% from last year, and the median price per square foot was $453.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $295K | +34.1% |
| 2 Bedrooms | $639K | $535K | -16.3% |
| 3 Bedrooms | $1.2M | $1.1M | -6.5% |
| 4 Bedrooms | $1.0M | $2.2M | +116.6% |
| 5+ Bedrooms | $642.2K | - | N/A |
Summary: Lauderdale-by-the-Sea housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.1%, 2 bedroom homes decreased by 16.3%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 116.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Fort Lauderdale | $440K | $475.1K | +8.0% |
| Pompano Beach | $350.1K | $362.2K | +3.5% |
| Lauderdale-by-the-Sea | $640.6K | $535.1K | -16.5% |
Housing Supply in Lauderdale-by-the-Sea, FL
How many homes are available in Lauderdale-by-the-Sea, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 58 | 55 | -5.2% |
Summary: The Lauderdale-by-the-Sea real estate market had 55 homes for sale in May 2024, a 5.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 10 | 0.0% |
| 2 Bedrooms | 28 | 27 | -3.6% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lauderdale-by-the-Sea housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 6 | -50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lauderdale-by-the-Sea, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Lauderdale-by-the-Sea in May 2024, down by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Lauderdale-by-the-Sea, FL
How long does it take to sell a home in Lauderdale-by-the-Sea, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 204 Days | 52 Days | -74.1% |
Summary: Homes in Lauderdale-by-the-Sea had an average of 52 days on market in May 2024, down by 74.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lauderdale-by-the-Sea are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Lauderdale-by-the-Sea; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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