December 2024
Lighthouse Point Market Stats
As 2024 wrapped up, Lighthouse Point’s real estate market reflected key trends in both single-family homes and townhouses/condos. While prices surged in the single-family sector, sales activity slowed, and inventory increased across the board. Here’s how the numbers stacked up.
Lighthouse Point Single-Family Homes
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Closed Sales: 11, down 8.3% from last year.
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Median Sales Price: $1,350,000, up 44% year-over-year.
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Active Inventory: 95 homes, up 17% from last year.
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Months Supply of Inventory: 7.7 months, up from 6.3 months in December 2023.
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New Listings: 18, no change from last year.
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New Pending Sales: 10, down 23% year-over-year.
The increase in inventory and months of supply suggest a shift towards a more balanced market, while rising prices indicate ongoing demand for premium properties.
Lighthouse Point Townhouses and Condos
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Closed Sales: 7, down 22% from last year.
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Median Sales Price: $210,000, down 30% year-over-year.
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Active Inventory: 59 properties, up 37% from last year.
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Months Supply of Inventory: 7.3 months, up from 4.8 months in December 2023.
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New Listings: 8, down 43% from last year.
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New Pending Sales: 2, down 75% year-over-year.
The townhouse/condo segment experienced a sharp decline in sales and prices, with inventory rising significantly. Fewer new listings and pending sales point to a slowdown in buyer and seller activity.
