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Wednesday, November 13, 2024

Fort Lauderdale median home prices rose by 16.1% in Q2

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The median sale price of a home sold in the second quarter of 2022 in Fort Lauderdale rose by $66,000 while total sales decreased by 23.7 percent, according to BlockShopper.com.

From April through June, there were 1,637 homes sold, with a median sale price of $475,000 - a 16.1 percent increase over the $409,000 median sale price for the same period of the previous year. There were 2,145 homes sold in Fort Lauderdale in the second quarter of 2021.

The median sales tax in Fort Lauderdale for the most recent year with available data, 2017, was $3,483, approximately 0.7 percent of the median home sale price for the second quarter of 2022.

The following table compares Fort Lauderdale to other Broward County cities with similar median sale prices in the second quarter of 2022:

CityApril - June 2022 Home SalesApril - June 2021 Home Sales% change (Total Home Sales)April - June 2022 Median Sales PriceApril - June 2021 Median Sales Price% change (Median Sales Price)
Sea Ranch Lakes1519-21.1$595,000$650,000-8.5
Cooper City128149-14.1$582,500$460,00026.6
Lauderdale-by-the-Sea111161-31.1$575,000$545,0005.5
Coral Springs658769-14.4$540,000$425,10027
Wilton Manors136177-23.2$535,000$454,00017.8
Fort Lauderdale1,6372,145-23.7$475,000$409,00016.1
Uninc-33317/Broadview Park23-33.3$467,500$335,00039.6
Miramar495531-6.8$435,000$350,00024.3
Hollywood1,1321,299-12.9$420,000$340,00023.5
Plantation498583-14.6$410,000$350,00017.1
Davie489554-11.7$400,000$314,00027.4

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