Is Sunrise, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Sunrise was a Seller's Market.
Housing Prices in Sunrise, FL
How much do homes in Sunrise, FL cost?
Median Sold Price
$382,175
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sunrise was $382,175 in April 2024, up 22.3% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $115K | +4.5% |
2 Bedrooms | $200K | $220K | +10.0% |
3 Bedrooms | $444K | $480K | +8.1% |
4 Bedrooms | $515K | $525K | +1.9% |
5+ Bedrooms | $687.5K | $577K | -16.1% |
Summary: Sunrise housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 16.1%.
Median Sold Price Compared To Nearby Cities
Sunrise | $312.5K | $382.1K | +22.3% |
Lauderhill | $178.9K | $208.8K | +16.7% |
Davie | $469.3K | $503.3K | +7.2% |
Tamarac | $299.2K | $314.8K | +5.2% |
Plantation | $445.7K | $457.1K | +2.6% |
Housing Supply in Sunrise, FL
How many homes are available in Sunrise, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
465 | 524 | +12.7% |
Summary: The Sunrise real estate market had 524 homes for sale in April 2024, a 12.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 88 | 89 | +1.1% |
2 Bedrooms | 211 | 247 | +17.1% |
3 Bedrooms | 127 | 145 | +14.2% |
4 Bedrooms | 30 | 35 | +16.7% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Sunrise housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 | 51 | -20.3% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in Sunrise in April 2024, down by 20.3% month-over-month. Of the 51 sold homes, 67% were sold under asking, 18% were sold at asking, and 16% were sold over asking.
Days on Market for Sunrise, FL
How long does it take to sell a home in Sunrise, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 49 Days | -9.1% |
Summary: Homes in Sunrise had an average of 49 days on market in Apr 2024, down by 9.1% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 51 homes were sold in Sunrise; 43% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.