Is East Deerfield Beach / East Pompano Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, East Deerfield Beach / East Pompano Beach was a Seller's Market.
Key Takeaway
East Deerfield Beach / East Pompano Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Deerfield Beach / East Pompano Beach, FL
How much do homes in East Deerfield Beach / East Pompano Beach, FL cost?
Median Sold Price
$591,666
$439/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in East Deerfield Beach / East Pompano Beach have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in East Deerfield Beach / East Pompano Beach was $591,666 in May 2024, up 10.3% from last year, and the median price per square foot was $439.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $277.2K | +2.7% |
| 2 Bedrooms | $450K | $450K | 0.0% |
| 3 Bedrooms | $848.7K | $925K | +9.0% |
| 4 Bedrooms | $1.2M | $1.2M | +1.0% |
| 5+ Bedrooms | $3.1M | $3.8M | +25.0% |
Summary: East Deerfield Beach / East Pompano Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes did not change, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Neighborhoods
| East Deerfield Beach / East Pompano Beach | $536.5K | $591.6K | +10.3% |
| Venetian Isles | $786K | $830K | +5.6% |
| Beach | $425K | $425K | 0.0% |
Housing Supply in East Deerfield Beach / East Pompano Beach, FL
How many homes are available in East Deerfield Beach / East Pompano Beach, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 324 | 366 | +13.0% |
Summary: The East Deerfield Beach / East Pompano Beach real estate market had 366 homes for sale in May 2024, a 13.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 37 | 49 | +32.4% |
| 2 Bedrooms | 123 | 126 | +2.4% |
| 3 Bedrooms | 103 | 118 | +14.6% |
| 4 Bedrooms | 33 | 42 | +27.3% |
| 5+ Bedrooms | 28 | 31 | +10.7% |
Summary: The East Deerfield Beach / East Pompano Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 32.4%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 10.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 43 | +7.5% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East Deerfield Beach / East Pompano Beach, you may be able to get a good deal. 79.1% of homes here sold below asking price last month.
Summary: A total of 43 homes were sold or pending in East Deerfield Beach / East Pompano Beach in May 2024, up by 7.5% month-over-month. Of the 43 sold homes, 79% were sold under asking, 19% were sold at asking, and 2% were sold over asking.
Days on Market for East Deerfield Beach / East Pompano Beach, FL
How long does it take to sell a home in East Deerfield Beach / East Pompano Beach, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 53 Days | 59 Days | +9.7% |
Summary: Homes in East Deerfield Beach / East Pompano Beach had an average of 59 days on market in May 2024, up by 9.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Deerfield Beach / East Pompano Beach are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 43 homes were sold in East Deerfield Beach / East Pompano Beach; 42% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.