Is Lutz, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lutz has remained a Seller's Market.
Housing Prices in Lutz, FL
How much do homes in Lutz, FL cost?
Median Sold Price
$489,571
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lutz was $489,571 in April 2024, up 0.9% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $133.7K | $141.5K | +5.8% |
2 Bedrooms | $265K | $273.5K | +3.2% |
3 Bedrooms | $399K | $400K | 0.2% |
4 Bedrooms | $582.5K | $632.5K | +8.6% |
5+ Bedrooms | $865K | $903.5K | +4.5% |
Summary: Lutz housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Cities
Odessa | $634.9K | $703.5K | +10.8% |
Keystone-Citrus Park | $484.7K | $499.9K | +3.2% |
Lutz | $485K | $489.5K | +0.9% |
Tampa | $413.5K | $411.4K | -0.5% |
Land O Lakes | $454.4K | $420.6K | -7.4% |
Housing Supply in Lutz, FL
How many homes are available in Lutz, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
329 | 343 | +4.3% |
Summary: The Lutz real estate market had 343 homes for sale in April 2024, a 4.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 11 | 0.0% |
2 Bedrooms | 25 | 26 | +4.0% |
3 Bedrooms | 139 | 148 | +6.5% |
4 Bedrooms | 115 | 114 | -0.9% |
5+ Bedrooms | 39 | 44 | +12.8% |
Summary: The Lutz housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 12.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
76 | 77 | +1.3% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 77 homes were sold or pending in Lutz in April 2024, up by 1.3% month-over-month. Of the 77 sold homes, 62% were sold under asking, 18% were sold at asking, and 19% were sold over asking.
Days on Market for Lutz, FL
How long does it take to sell a home in Lutz, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 36 Days | -10.4% |
Summary: Homes in Lutz had an average of 36 days on market in Apr 2024, down by 10.4% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 77 homes were sold in Lutz; 68% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.