How's the Real Estate Market??

Lutz, FL

Single-Family Homes

Astrid Hartleb | 239-558-1130 | https://affinityswfl.com



Lutz, FL

Wed Jul 06 2022
This week the median list price for Lutz, FL is $598,500 with the market action index hovering around 74. This is less than last month's market action index of 83. Inventory has increased to 104. Click here to stay informed with the Lutz market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Lutz, FL

Wed Jul 06 2022
This week the median list price for Lutz, FL is $598,500 with the market action index hovering around 74. This is less than last month's market action index of 83. Inventory has increased to 104. Click here to stay informed with the Lutz market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Lutz market.
Median List Price $598,500
Median Price of New Listings $547,475
Per Square Foot $263
Average Days on Market 23
Median Days on Market 14
Price Decreased 38%
Price Increased 6%
Relisted 3%
Inventory 104
Median Rent
Market Action 74
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,024,987 3,738 1 - 2.5 acres 5 3.5 21 5 5 21
$725,000 2,864 8,000 - 10,000 sqft 4 3 22 9 5 7
$530,532 2,180 0.25 - 0.5 acre 4 2.5 22 8 3 10
$422,495 1,503 0.25 - 0.5 acre 3 2 29 12 5 21