$3,183 Closing Credit*
$268,000
1,160 SqFt
2 Beds
•2 Full Baths, 1 Partial
Sanna M Eronimous, Listing Office: Atlantic Florida Properties Inc
Is Lantana, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lantana has remained a Buyer's Market.
Key Takeaway
Lantana is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lantana, FL
How much do homes in Lantana, FL cost?
Median Sold Price
$395,000
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,100(+7.4%)
Key Takeaway
Homes in Lantana have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Lantana was $395,000 in November 2024, up 7.4% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162.5K | $202.5K | +24.6% |
| 2 Bedrooms | $300K | $299.9K | 0% |
| 3 Bedrooms | $400K | $427.9K | +7.0% |
| 4 Bedrooms | $437.5K | $522K | +19.3% |
| 5+ Bedrooms | $7.0M | $13.4M | +91.1% |
Summary: Lantana housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.6%, 2 bedroom homes did not change, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes increased by 91.1%.
Median Sold Price Compared To Nearby Cities
| Lantana | $367.9K | $395K | +7.4% |
| Lake Worth | $437.9K | $459.8K | +5.0% |
| South Palm Beach | $455K | $460K | +1.1% |
| Hypoluxo | $345K | $341.5K | -1.0% |
Housing Supply in Lantana, FL
How many homes are available in Lantana, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 130 | 142 | +9.2% |
Summary: The Lantana real estate market had 142 homes for sale in November 2024, a 9.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 16 | +6.7% |
| 2 Bedrooms | 46 | 50 | +8.7% |
| 3 Bedrooms | 35 | 40 | +14.3% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 18 | 20 | +11.1% |
Summary: The Lantana housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lantana, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Lantana in November 2024, up by 25.0% month-over-month. Of the 15 sold homes, 80% were sold under asking, 13% were sold at asking, and 7% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 89 Days | 39 Days | -56.5% |
Summary: Homes in Lantana had an average of 39 days on market in Nov 2024, down by 56.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lantana are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in Lantana; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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