$7,113 Closing Credit*
$599,000
1,647 SqFt
3 Beds
•2 Full Baths
Harpreet Singh, Listing Office: Dream Life Realty
Is Lauderdale-by-the-Sea, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Lauderdale-by-the-Sea has remained a Buyer's Market.
Key Takeaway
Lauderdale-by-the-Sea is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lauderdale-by-the-Sea, FL
How much do homes in Lauderdale-by-the-Sea, FL cost?
Median Sold Price
$570,000
$393/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$145,000(-20.3%)
Key Takeaway
Homes in Lauderdale-by-the-Sea have sold for 20.3% less than they did a month ago.
Summary: The median home sold price in Lauderdale-by-the-Sea was $570,000 in October 2024, down 20.3% from last month, and the median price per square foot was $393.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $297.5K | N/A |
| 2 Bedrooms | $715K | $610K | -14.7% |
| 3 Bedrooms | - | $815K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lauderdale-by-the-Sea housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.7%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Lauderdale-by-the-Sea, FL
How many homes are available in Lauderdale-by-the-Sea, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 54 | +10.2% |
Summary: The Lauderdale-by-the-Sea real estate market had 54 homes for sale in October 2024, a 10.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 7 | +75.0% |
| 2 Bedrooms | 27 | 26 | -3.7% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lauderdale-by-the-Sea housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lauderdale-by-the-Sea, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Lauderdale-by-the-Sea in October 2024, up by 133.3% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lauderdale-by-the-Sea, FL
How long does it take to sell a home in Lauderdale-by-the-Sea, FL?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 80 Days | 57 Days | -28.6% |
Summary: Homes in Lauderdale-by-the-Sea had an average of 57 days on market in Oct 2024, down by 28.6% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lauderdale-by-the-Sea are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Lauderdale-by-the-Sea; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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