Is Lauderdale-by-the-Sea, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lauderdale-by-the-Sea is a buyer'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

$584,162

$386/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$14,162(+2.5%)

Key Takeaway

Homes in Lauderdale-by-the-Sea have sold for 2.5% more than they did a month ago.

Summary: The median home sold price in Lauderdale-by-the-Sea was $584,162 in November 2024, up 2.5% from last month, and the median price per square foot was $386.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $297.5K-
N/A
2 $610K$584.1K
-4.2%
3 $815K-
N/A
4 --
N/A
5+ --
N/A

Summary: Lauderdale-by-the-Sea housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.2%, 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

Oct 2024Nov 2024CHANGE
51510.0%

Summary: The Lauderdale-by-the-Sea real estate market had 51 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 75
-28.6%
2 2527
+8.0%
3 1211
-8.3%
4 66
0.0%
5+ 12
+100.0%

Summary: The Lauderdale-by-the-Sea housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 8%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
72-71.4%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2 homes were sold or pending in Lauderdale-by-the-Sea in November 2024, down by 71.4% month-over-month. Of the 2 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

Oct 2024Nov 2024CHANGE
57 Days170 Days+196.2%

Summary: Homes in Lauderdale-by-the-Sea had an average of 170 days on market in Nov 2024, up by 196.2% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Lauderdale-by-the-Sea are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 2 homes were sold in Lauderdale-by-the-Sea; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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