The Southwest Lakes housing market is not very competitive. The median sale price of a home in Southwest Lakes was $143K last month, down 15.8% since last year. The median sale price per square foot in Southwest Lakes is $161, down 20.8% since last year.
What is the housing market like in Southwest Lakes today?
In March 2024, Southwest Lakes home prices were down 15.8% compared to last year, selling for a median price of $143K. On average, homes in Southwest Lakes sell after 82 days on the market compared to 34 days last year. There were 11 homes sold in March this year, down from 16 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$143,000
-15.8% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Southwest Lakes, FL
$143,000
-15.8%
United States
To compare other locations to the Southwest Lakes and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Hallandale Beach add value to a home.
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How hot is the Southwest Lakes housing market?
Southwest Lakes is not very competitive. Homes sell in 72 days.
0
100
16
Not Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Multiple offers are rare.
The average homes sell for about 6% below list price and go pending in around 72 days.
Hot homes
can sell for about 1% above list price and go pending in around 47 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Southwest Lakes housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Southwest Lakes.
Risk Factor
Flood Factor - Major
99% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Southwest Lakes has a major risk of flooding. 289 properties in Southwest Lakes are likely to be
severely affected
by flooding over the next 30 years. This represents 99% of all properties in Southwest Lakes. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Southwest Lakes has a minor risk of wildfire. There are 2 properties in Southwest Lakes that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Southwest Lakes.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Southwest Lakes has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Southwest Lakes is most at risk from hurricanes. 1,624 properties in Southwest Lakes have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 183 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 193 mph.
100% of properties are at extreme
risk of heat over the next 30 years
Heat Factor
Southwest Lakes has an extreme risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Southwest Lakes have an Extreme Heat Factor®.
Southwest Lakes is expected to see a 271% increase in the number of days over 104ºF over the next 30 years. Southwest Lakes is expected to experience 7