Is Lantana, 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, Lantana was a Seller's Market.
Housing Prices in Lantana, FL
How much do homes in Lantana, FL cost?
Median Sold Price
$386,000
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lantana was $386,000 in May 2024, up 10.3% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $166.5K | $176.5K | +6.0% |
2 Bedrooms | $319K | $290K | -9.1% |
3 Bedrooms | $396.9K | $425K | +7.1% |
4 Bedrooms | $429.3K | $520K | +21.1% |
5+ Bedrooms | $6.7M | $11.5M | +70.7% |
Summary: Lantana housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 70.7%.
Median Sold Price Compared To Nearby Cities
South Palm Beach | $413.2K | $462.5K | +11.9% |
Lantana | $350K | $386K | +10.3% |
Lake Worth | $425.3K | $450.1K | +5.8% |
Hypoluxo | $392.5K | $375K | -4.5% |
Housing Supply in Lantana, FL
How many homes are available in Lantana, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
150 | 149 | -0.7% |
Summary: The Lantana real estate market had 149 homes for sale in May 2024, a 0.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 28 | 27 | -3.6% |
2 Bedrooms | 46 | 51 | +10.9% |
3 Bedrooms | 46 | 42 | -8.7% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 20 | 17 | -15.0% |
Summary: The Lantana housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 10.9%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 15%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 18 | -18.2% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Lantana in May 2024, down by 18.2% month-over-month. Of the 18 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Lantana, FL
How long does it take to sell a home in Lantana, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 75 Days | +185.2% |
Summary: Homes in Lantana had an average of 75 days on market in May 2024, up by 185.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Lantana; 39% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.