$5,759 Closing Credit*
$485,000
1,716 SqFt
3 Beds
•3 Full Baths
Gabriel Hernandez, Listing Office: Knock Knock Realty LLC
Is Plantation, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$486,838
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$46,838(+10.6%)
Key Takeaway
Homes in Plantation have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Plantation was $486,838 in October 2024, up 10.6% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $185K | -2.6% |
| 2 Bedrooms | $270K | $285K | +5.6% |
| 3 Bedrooms | $497.5K | $550K | +10.6% |
| 4 Bedrooms | $710K | $763K | +7.5% |
| 5+ Bedrooms | $1.0M | $1.0M | +5.0% |
Summary: Plantation housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.6%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
| Lauderhill | $194K | $250.8K | +29.3% |
| Sunrise | $350.3K | $399.9K | +14.2% |
| Plantation | $440K | $486.8K | +10.6% |
| Fort Lauderdale | $450K | $484.4K | +7.7% |
Housing Supply in Plantation, FL
How many homes are available in Plantation, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 368 | 406 | +10.3% |
Summary: The Plantation real estate market had 406 homes for sale in October 2024, a 10.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 31 | 37 | +19.4% |
| 2 Bedrooms | 124 | 141 | +13.7% |
| 3 Bedrooms | 94 | 98 | +4.3% |
| 4 Bedrooms | 77 | 86 | +11.7% |
| 5+ Bedrooms | 42 | 44 | +4.8% |
Summary: The Plantation housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 19.4%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 48 | -2.0% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plantation, you may be able to get a good deal. 70.8% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in Plantation in October 2024, down by 2.0% month-over-month. Of the 48 sold homes, 71% were sold under asking, 15% were sold at asking, and 15% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 52 Days | +62.9% |
Summary: Homes in Plantation had an average of 52 days on market in Oct 2024, up by 62.9% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
10 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 October 2024, 48 homes were sold in Plantation; 54% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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