Is Lauderdale Lakes, 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, Lauderdale Lakes was a Seller's Market.
Key Takeaway
Lauderdale Lakes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lauderdale Lakes, FL
How much do homes in Lauderdale Lakes, FL cost?
Median Sold Price
$155,500
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lauderdale Lakes have sold for 13.8% more than they did a year ago.
Summary: The median home sold price in Lauderdale Lakes was $155,500 in May 2024, up 13.8% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98K | $118K | +20.4% |
| 2 Bedrooms | $140K | $152.9K | +9.2% |
| 3 Bedrooms | $372K | $417K | +12.1% |
| 4 Bedrooms | $427K | $449.5K | +5.3% |
| 5+ Bedrooms | $435K | $425K | -2.3% |
Summary: Lauderdale Lakes housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.4%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Cities
| Lauderhill | $175.1K | $220.5K | +25.9% |
| Lauderdale Lakes | $136.6K | $155.5K | +13.8% |
| Fort Lauderdale | $440K | $475.1K | +8.0% |
| Tamarac | $295.5K | $315K | +6.6% |
| Oakland Park | $380K | $393K | +3.4% |
Housing Supply in Lauderdale Lakes, FL
How many homes are available in Lauderdale Lakes, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 200 | 212 | +6.0% |
Summary: The Lauderdale Lakes real estate market had 212 homes for sale in May 2024, a 6.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 58 | 58 | 0.0% |
| 2 Bedrooms | 111 | 124 | +11.7% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Lauderdale Lakes housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.7%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 28 | +16.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lauderdale Lakes, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Lauderdale Lakes in May 2024, up by 16.7% month-over-month. Of the 28 sold homes, 57% were sold under asking, 25% were sold at asking, and 18% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 64 Days | 59 Days | -7.8% |
Summary: Homes in Lauderdale Lakes had an average of 59 days on market in May 2024, down by 7.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lauderdale Lakes has remained consistent over time.
Summary: During May 2024, 28 homes were sold in Lauderdale Lakes; 36% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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