Is Lighthouse Point, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lighthouse Point was a Seller's Market.
Housing Prices in Lighthouse Point, FL
How much do homes in Lighthouse Point, FL cost?
Median Sold Price
$710,000
$421/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lighthouse Point was $710,000 in May 2024, up 1.4% from last year, and the median price per square foot was $421.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $122.5K | $140K | +14.3% |
2 Bedrooms | $286.7K | $238.5K | -16.8% |
3 Bedrooms | $965K | $775K | -19.7% |
4 Bedrooms | $1.5M | $1.4M | -3.2% |
5+ Bedrooms | $3.1M | $3.8M | +24.5% |
Summary: Lighthouse Point housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 16.8%, 3 bedroom homes decreased by 19.7%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 24.5%.
Median Sold Price Compared To Nearby Cities
Deerfield Beach | $307K | $325.2K | +5.9% |
Pompano Beach | $350.1K | $362.2K | +3.5% |
Lighthouse Point | $700K | $710K | +1.4% |
Hillsboro Beach | $689.3K | $530K | -23.1% |
Housing Supply in Lighthouse Point, FL
How many homes are available in Lighthouse Point, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
75 | 83 | +10.7% |
Summary: The Lighthouse Point real estate market had 83 homes for sale in May 2024, a 10.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 21 | 18 | -14.3% |
3 Bedrooms | 23 | 30 | +30.4% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Lighthouse Point housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 30.4%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Lighthouse Point in May 2024, the same as the previous month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% were sold over asking.
Days on Market for Lighthouse Point, FL
How long does it take to sell a home in Lighthouse Point, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
71 Days | 42 Days | -40.8% |
Summary: Homes in Lighthouse Point had an average of 42 days on market in May 2024, down by 40.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Lighthouse Point; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.