Fort Lauderdale, FL Real Estate & Homes for Sale | RE/MAX (2024)

FAQs

Are home prices dropping in Fort Lauderdale? ›

The median sale price of a home in Fort Lauderdale was $555K last month, up . 0% since last year. The median sale price per square foot in Fort Lauderdale is $401, down 1.4% since last year.…

Days on Market

Homes in Fort Lauderdale are spending fewer days on the market, indicating strong and quick buyer interest.

Fort Lauderdale has a solid rental market, thanks to its thriving tourism industry and growing population. Whether you're looking to invest in a single-family home, a multifamily property, or a vacation rental, there are plenty of opportunities to earn rental income in Fort Lauderdale.

According to Zillow, home price appreciation is expected to slow down significantly in the coming years, with a predicted increase of only 3.4% for 2024. This could provide relief to buyers who have been priced out of the market in recent times.

The months from March to June are the best time to buy a house in Florida. This is due to the higher inventory, increased competition among sellers, and potentially lower asking prices.

Orlando and Tampa are poised to sizzle in the real estate scene this year, securing spots among the top 10 hottest markets in 2024, according to Zillow's latest report.

You should not spend more than one-third, or 30%, of your gross income on rent to live comfortably, according to the 30% rule. For example, if your rent is close to the median for a one-bedroom apartment in Fort Lauderdale and costs $1,627, your monthly wages should be at least $5,423.33 per month or $65,080 annually.

Lower Cost of Living

Fort Lauderdale is more affordable than Miami in terms of both property taxes and overall cost of living.

What is a good salary to live in Fort Lauderdale? ›

Based on the median home price of $334,000, a good salary in Fort Lauderdale would be $66,800. Lastly, we can determine a good salary in Fort Lauderdale by looking at the cost of living and comparing it to the US average salary. The cost of living in Fort Lauderdale is 14% higher than than the national average.

Enjoy a private yacht tour through Fort Lauderdale Millionaire's Row featuring extravagant mansions and yachts. Along the boat tour, some of the homes and yachts you'll see belong to stars like billionaire Wayne Huizenga, Papa John's founder John Schnatter, and the famous comedian and TV host Jay Leno.

1. Las Olas Isles. Las Olas Isles is often considered the crown jewel of Fort Lauderdale's luxury real estate. Nestled along a series of picturesque canals just off the famous Las Olas Boulevard, this neighborhood boasts some of the city's most exquisite waterfront properties.

WeatherTech founder David MacNeil sold his oceanfront Fort Lauderdale mansion for a record $40 million. The car accessories mogul sold the newly built 12,700-square-foot mansion at 3052 North Atlantic Boulevard for the asking price, according to a press release. Tim Elmes of Compass had the listing.

The median sale price of a home in Broward County was $445K last month, up 7.2% since last year. The median sale price per square foot in Broward County is $309, up 8.4% since last year.…

Are Florida housing prices going to go down? No. In fact, the housing prices in Florida will likely go up just like the rest of the country.

Ramsey's research shows that housing prices in Florida have gone up, especially when comparing the fourth quarters of 2022 and 2023, respectively. At the end of 2022, the median sales price of a Florida home was $401,990.

Price Growth in Check: Fueled by low inventory and high demand, home prices in Florida have enjoyed steady appreciation for years. However, with rising interest rates squeezing affordability, the pace of appreciation is expected to slow down considerably in 2024.