Find your dream home for sale in Lutz, FL today!
There are no properties that match your search results.
Lutz Real Estate Market Overview
Embark on a journey to Lutz, where the housing market is as vibrant as the Floridian lifestyle. With a somewhat competitive environment, the Lutz market presents an excellent opportunity for buyers seeking both value and quality in their new home.
The Lutz housing market has witnessed remarkable growth, with the median sale price of homes surging by 20.4% since last year to $620K. This impressive uptick is accompanied by a modest increase in the median sale price per square foot, now at $236, evidencing a sustained interest in Lutz’s living spaces.
As of September 2023, the upward trend in Lutz home prices continues, outpacing the previous year with a significant 20.4% rise in median price. Homes are spending an average of 37 days on the market, which, while higher than last year’s 11 days, indicates a steady demand. The volume of sales has also increased, with 38 homes sold compared to 31 in the same period last year.
The Lutz market is active, with homes typically going under contract in 20 days. Buyers can expect some competition, with multiple offers on some homes. On average, homes sell for about 3% under the listed price, but the most attractive properties — the 'hot homes' — may fetch around the asking price and move to pending status in as little as 6 days.
Between August and October 2023, the relocation trends in Lutz showed that 31% of homebuyers were looking to leave the area, yet a majority of 69% preferred to stay within the metropolitan vicinity.
Lutz is attracting attention on a national scale, with 2% of homebuyers from metropolitan areas across the country, particularly New York, Washington, and Chicago, showing interest in moving to Lutz.
For those who contemplate moving, the majority aim to remain close to Lutz’s charm, with 69% searching for homes within the metro area itself. Orlando, Sarasota, and Asheville are among the top choices for those relocating from Lutz.
Investing in Lutz means becoming part of a thriving community that promises significant returns and a high-quality living standard. Whether you're in the market for a spacious family home or a smart investment opportunity, Lutz’s robust market is well-positioned to meet diverse needs.
Let us be your trusted advisors in the Lutz real estate market. With our expertise and personalized approach, we'll ensure you find a property that exceeds your expectations. Contact us to explore how we can help you secure your ideal home in Lutz.
View More Homes For Sale in Lutz.
With over 40+ years of experience, Joe has proven himself to be a prominent figure in the Tampa Bay Real Estate market. Selling thousands of homes throughout his career, Joe is known for his exceptional customer service, attention to detail, market-savviness, and calculated decisions.