Is Lauderhill, 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, Lauderhill was a Seller's Market.
Key Takeaway
Lauderhill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lauderhill, FL
How much do homes in Lauderhill, FL cost?
Median Sold Price
$208,812
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lauderhill have sold for 16.7% more than they did a year ago.
Summary: The median home sold price in Lauderhill was $208,812 in April 2024, up 16.7% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $105K | +5.0% |
| 2 Bedrooms | $155K | $164K | +5.8% |
| 3 Bedrooms | $340K | $389.9K | +14.7% |
| 4 Bedrooms | $430K | $474.9K | +10.5% |
| 5+ Bedrooms | $350K | $420K | +20.0% |
Summary: Lauderhill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 20%.
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% |
| Tamarac | $299.2K | $314.8K | +5.2% |
| Plantation | $445.7K | $457.1K | +2.6% |
Housing Supply in Lauderhill, FL
How many homes are available in Lauderhill, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 357 | 413 | +15.7% |
Summary: The Lauderhill real estate market had 413 homes for sale in April 2024, a 15.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 67 | 70 | +4.5% |
| 2 Bedrooms | 172 | 215 | +25.0% |
| 3 Bedrooms | 89 | 97 | +9.0% |
| 4 Bedrooms | 25 | 26 | +4.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Lauderhill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 40 | +5.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lauderhill, you may be able to get a good deal. 47.5% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in Lauderhill in April 2024, up by 5.3% month-over-month. Of the 40 sold homes, 48% were sold under asking, 33% were sold at asking, and 20% were sold over asking.
Days on Market for Lauderhill, FL
How long does it take to sell a home in Lauderhill, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 49 Days | +13.3% |
Summary: Homes in Lauderhill had an average of 49 days on market in Apr 2024, up by 13.3% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lauderhill are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 40 homes were sold in Lauderhill; 48% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.