MEDIAN SALE PRICE
$715K
trailing 90d
MEDIAN $/SF
$311
▼ 3.4% YoY
ACTIVE INVENTORY
7
for sale
SOLD VS. ORIGINAL ASK
97.2%
NEW99.0% of final list
DAYS TO CONTRACT
158
NEW205 to close
MARKET PULSE
0.17
shown at Lauderdale Lakes level
MEDIAN SALE PRICE OVER TIME
MARKET PULSE
somerset-plaza
BUYER'S ADVANTAGE
Shown at Lauderdale Lakes level
MARKET SUMMARY · 12 MONTHS
| Median sale price | $715K | |
| Median $/SF | $311 | |
| Median days on market | 280 | |
| Total sales (12mo) | 6 | |
| New listings (12mo) | 17 | |
| Sold ÷ original ask NEW | 97.2% | |
| Sold ÷ final list price NEW | 99.0% | |
| Sold below original ask NEW | 83% | |
| Median days to contract NEW | 158 | |
| Median days to close NEW | 205 | |
| Months of supply | — | — |
| Sale-to-just-value COUNTY | — | 1.10× |
| Owner-occupied COUNTY | — | 63.4% |
TIER HEALTH
Price-tier breakdown is published only for markets with 30+ active for-sale listings, so each tier's median clears the min-sample threshold (§2.2b · §7.4). This market reports at the summary level above.
TIME TO SELL · LISTING TO CLOSING
NEW158
days, listing → contract
26
days, contract → closing
205
days, listing → closing
Medians of 6 closed sales, Nov 2025 – Oct 2026. Days are counted from the listing date.
WHAT LISTING SITES CAN'T SEE PUBLIC RECORDS · RECORDED DEEDS
63.4%
Owner-occupied (homestead) COUNTY
1.10×
Sale-to-just-value ratio COUNTY
46.3%
Homes sold, 10-yr COUNTY
+1.0%
Appreciation YTD · $/SF COUNTY CLOSED SALES
Appreciation YTD compares the median price per square foot of closed sales so far this year against the same period last year. Price per square foot rather than median price, because a median price moves with which homes sold — over this span South Beach ran +1.9% on median price but −4.3% per square foot. Effective tax rate: modeling in progress — the county roll carries no millage field, so we show “—” rather than an estimate.
CONDO BUILDINGS IN SOMERSET PLAZA
Most active buildings by for-sale inventory · all condo buildings in Lauderdale Lakes → · A–Z directory →
Monthly market report for Somerset Plaza → · Broward County market →
MARKET NARRATIVE
The for-sale market in Somerset Plaza, Lauderdale Lakes, is carrying 7 active listings this week at a median list price of $530,000. Homes are taking a median of 280 days on market. For context, Lauderdale Lakes runs at a 0.17 pulse.
Generated from this week's snapshot · every figure cited appears on this page
FREQUENTLY ASKED · SOMERSET PLAZA
How much do homes cost in Somerset Plaza?
The median sale price in Somerset Plaza is $715K over the trailing 90 days, and the median list price is $530,000.
How many homes are for sale in Somerset Plaza?
There are 7 active for-sale listings in Somerset Plaza as of snapshot 2026-W45, updated weekly.
How long do homes take to sell in Somerset Plaza?
Homes in Somerset Plaza spend a median of 280 days on market.
What is the price per square foot in Somerset Plaza?
The median list price per square foot in Somerset Plaza is $311.
What share of Somerset Plaza homes are owner-occupied?
About 63.4% of homes in surrounding Broward County are owner-occupied (homestead), per public property records — the county-level figure is shown because homestead data isn't published at the neighborhood level.
How often do homes sell in Somerset Plaza?
About 46.3% of homes in surrounding Broward County have changed hands over the past decade — roughly 4.6% per year — based on qualified arm's-length sales in public deed records. The county figure is shown because deed-level turnover isn't computed at the neighborhood level.
How long do homeowners typically own in Somerset Plaza?
Homeownership in Broward County skews long-term: only about 46% of homes had a qualified sale in the past decade, so roughly 54% of owners have held 10+ years, per public deed records.
Every figure above appears elsewhere on this page · snapshot 2026-W45.