How's the Real Estate Market??

Lutz, FL

Single-Family Homes

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



Lutz, FL

Wed Oct 20 2021
This week the median list price for Lutz, FL is $554,950 with the market action index hovering around 77. This is less than last month's market action index of 80. Inventory has increased to 50. 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Lutz, FL

Wed Oct 20 2021
This week the median list price for Lutz, FL is $554,950 with the market action index hovering around 77. This is less than last month's market action index of 80. Inventory has increased to 50. 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Lutz market.
Median List Price $554,950
Median Price of New Listings $447,400
Per Square Foot $217
Average Days on Market 38
Median Days on Market 21
Price Decreased 28%
Price Increased 10%
Relisted 2%
Inventory 50
Median Rent $2,299
Market Action 77
Strong Seller's Market

The market seems to have paused around this plateau. 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
$1,150,000 4,089 1 - 2.5 acres 4 3 22 1 4 21
$641,499 2,953 0.5 - 1 acre 4 3 19 2 1 21
$534,900 2,735 0.25 - 0.5 acre 4 3 34 3 5 28
$365,000 1,758 0.25 - 0.5 acre 3 2 36 6 7 14