What happened to the median home price in Lauderdale-by-the-Sea during August 2021?

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The median sale price of a home sold in August 2021 in Lauderdale-by-the-Sea rose by $17,000 while total sales increased by 14.3%, according to BlockShopper.com.

In August 2021, there were 40 homes sold, with a median sale price of $402,000 - a 4.4% increase over the $385,000 median sale price for the same period of the previous year. There were 35 homes sold in Lauderdale-by-the-Sea in August 2020.

The median sales tax in Lauderdale-by-the-Sea for the most recent year with available data, 2017, was $5,183, approximately 1.3% of the median home sale price for August 2021.

The following table compares Lauderdale-by-the-Sea to other Broward County cities with similar median sale prices in August 2021:

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
Cooper City5364-17.2%$480,000$426,80012.5%
Coral Springs27624015%$475,000$382,50024.2%
Wilton Manors3942-7.1%$460,000$366,50025.5%
Hillsboro Beach221369.2%$455,000$396,00014.9%
Fort Lauderdale62241848.8%$405,000$365,00011%
Lauderdale-by-the-Sea403514.3%$402,000$385,0004.4%
Miramar21116329.4%$382,500$344,00011.2%
Hollywood36026635.3%$373,000$312,50019.4%
Davie21413262.1%$347,500$298,00016.6%
Plantation18516313.5%$340,000$387,000-12.1%
Pembroke Pines36328328.3%$329,000$300,0009.7%

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