$5,225 Closing Credit*
$440,000
1,338 SqFt
2 Beds
•2 Full Baths
Patrick Vaz, Listing Office: LoKation
Is Plantation, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Plantation was a Seller's Market.
Key Takeaway
Plantation is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Plantation, FL
How much do homes in Plantation, FL cost?
Median Sold Price
$499,600
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$59,600(+13.5%)
Key Takeaway
Homes in Plantation have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Plantation was $499,600 in November 2024, up 13.5% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $186.5K | $185K | -0.8% |
| 2 Bedrooms | $271K | $290K | +7.0% |
| 3 Bedrooms | $510K | $550K | +7.8% |
| 4 Bedrooms | $710K | $747.5K | +5.3% |
| 5+ Bedrooms | $1.0M | $980K | -6.7% |
Summary: Plantation housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 6.7%.
Median Sold Price Compared To Nearby Cities
| Lauderhill | $189.6K | $270.8K | +42.8% |
| Plantation | $440K | $499.6K | +13.5% |
| Sunrise | $358.6K | $390K | +8.7% |
| Fort Lauderdale | $453.6K | $480.9K | +6.0% |
Housing Supply in Plantation, FL
How many homes are available in Plantation, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 380 | 416 | +9.5% |
Summary: The Plantation real estate market had 416 homes for sale in November 2024, a 9.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 34 | 44 | +29.4% |
| 2 Bedrooms | 133 | 135 | +1.5% |
| 3 Bedrooms | 90 | 95 | +5.6% |
| 4 Bedrooms | 83 | 98 | +18.1% |
| 5+ Bedrooms | 40 | 44 | +10.0% |
Summary: The Plantation housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 29.4%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 | 34 | -35.8% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plantation, you may be able to get a good deal. 61.8% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Plantation in November 2024, down by 35.8% month-over-month. Of the 34 sold homes, 62% were sold under asking, 29% were sold at asking, and 9% were sold over asking.
Days on Market for Plantation, FL
How long does it take to sell a home in Plantation, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 37 Days | -0.1% |
Summary: Homes in Plantation had an average of 37 days on market in Nov 2024, down by 0.1% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Plantation are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 34 homes were sold in Plantation; 56% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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