2024 Fort lauderdale, fl
year in review
Real Estate Market Recap

For all property types combined:

  • Home Sales: Increased by 4.7% – 3,145 sales in 2023 to 3,292 in 2024
  • Average Prices: Decreased by 9.2% – $1,005,724 in 2023 to $913,603 in 2024
  • Number of Homes Listed: Increased by 14.4% – 5,332 in 2023 to 6,101 in 2024
  • Number of Pending Sales: Decreased by 4.7% – 3,578 in 2023 to 3,411 in 2024
Learn More About the zFort Lauderdale, FL Community

2024 fort lauderdale, FL Housing Market Outlook

In 2024, the Fort Lauderdale single-family housing market experienced a slight dip in prices, while sales saw a modest increase. Rising insurance premiums added to the overall cost of owning a home, impacting affordability for some buyers. Despite these hurdles, the market remained strong, with steady price growth. Even with increasing expenses, homeownership continued to be exciting due to the stability of fixed payments, equity appreciation, and tax advantages, reinforcing its long-term benefits over renting. Buyers looking to make a move must stay driven and prepared to act quickly when the right opportunity arises.
 

The Fort Lauderdale condo market faced challenges driven by rising insurance costs and climate-related risks, particularly in flood-prone areas. While condo prices remain higher than last year, their growth has slowed compared to single-family homes due to increasing costs and stricter regulations following the Surfside Collapse. As Anthony highlighted in his 2025 Predictions, “I believe 2025 will mark the beginning of this recovery, with 2026 poised to be a historic year for the industry as sales normalize.”

To learn more about Florida’s performance, click here to read the 2024 South Florida Year in Review. 

Data provided by SUNStats and compared to the prior year.

Additional Resources