Is Lauderdale Lakes, 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, Lauderdale Lakes was a Seller's Market.
Housing Prices in Lauderdale Lakes, FL
How much do homes in Lauderdale Lakes, FL cost?
Median Sold Price
$153,500
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lauderdale Lakes was $153,500 in April 2024, up 12.4% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $96K | $115K | +19.8% |
2 Bedrooms | $139.7K | $153.5K | +9.8% |
3 Bedrooms | $372K | $420K | +12.9% |
4 Bedrooms | $425K | $439.5K | +3.4% |
5+ Bedrooms | - | $425K | N/A |
Summary: Lauderdale Lakes housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.8%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes did not change.
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% |
Tamarac | $299.2K | $314.8K | +5.2% |
Housing Supply in Lauderdale Lakes, FL
How many homes are available in Lauderdale Lakes, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
189 | 204 | +7.9% |
Summary: The Lauderdale Lakes real estate market had 204 homes for sale in April 2024, a 7.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 54 | 59 | +9.3% |
2 Bedrooms | 104 | 116 | +11.5% |
3 Bedrooms | 22 | 22 | 0.0% |
4 Bedrooms | 6 | 4 | -33.3% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Lauderdale Lakes housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 11.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 21 | +40.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Lauderdale Lakes in April 2024, up by 40.0% month-over-month. Of the 21 sold homes, 62% were sold under asking, 19% were sold at asking, and 19% were sold over asking.
Days on Market for Lauderdale Lakes, FL
How long does it take to sell a home in Lauderdale Lakes, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 57 Days | +75.6% |
Summary: Homes in Lauderdale Lakes had an average of 57 days on market in Apr 2024, up by 75.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Lauderdale Lakes; 38% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.