Is Southwest Ranches, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Southwest Ranches has remained a Buyer's Market.
Housing Prices in Southwest Ranches, FL
How much do homes in Southwest Ranches, FL cost?
Median Sold Price
$1,315,000
$508/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southwest Ranches was $1,315,000 in April 2024, down 6% from last year, and the median price per square foot was $508.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $1.0M | $865K | -18.0% |
4 Bedrooms | $1.0M | $1.2M | +16.3% |
5+ Bedrooms | $1.8M | $2.1M | +17.4% |
Summary: Southwest Ranches housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 18%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 17.4%.
Median Sold Price Compared To Nearby Cities
Cooper City | $597.3K | $650.4K | +8.9% |
Miramar-Pembroke Pines | $455.9K | $483.5K | +6.1% |
Pembroke Pines | $449.5K | $469.3K | +4.4% |
Weston | $726.1K | $702K | -3.3% |
Southwest Ranches | $1.3M | $1.3M | -6.0% |
Housing Supply in Southwest Ranches, FL
How many homes are available in Southwest Ranches, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 63 | +18.9% |
Summary: The Southwest Ranches real estate market had 63 homes for sale in April 2024, a 18.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 15 | 17 | +13.3% |
5+ Bedrooms | 32 | 41 | +28.1% |
Summary: The Southwest Ranches housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 28.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Southwest Ranches in April 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Southwest Ranches, FL
How long does it take to sell a home in Southwest Ranches, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
59 Days | 56 Days | -5.1% |
Summary: Homes in Southwest Ranches had an average of 56 days on market in Apr 2024, down by 5.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Southwest Ranches; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.