Is Tamarac, 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, Tamarac was a Seller's Market.
Key Takeaway
Tamarac is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tamarac, FL
How much do homes in Tamarac, FL cost?
Median Sold Price
$315,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Tamarac have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Tamarac was $315,000 in May 2024, up 6.6% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $126.5K | $140.1K | +10.8% |
| 2 Bedrooms | $260K | $265K | +1.9% |
| 3 Bedrooms | $420K | $423.7K | +0.9% |
| 4 Bedrooms | $540.5K | $558K | +3.2% |
| 5+ Bedrooms | $824.2K | $859.2K | +4.2% |
Summary: Tamarac housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Lauderdale Lakes | $136.6K | $155.5K | +13.8% |
| North Lauderdale | $307.5K | $345K | +12.2% |
| Coral Springs-Margate | $330.3K | $362.5K | +9.8% |
| Coral Springs | $518.3K | $555.5K | +7.2% |
| Tamarac | $295.5K | $315K | +6.6% |
Housing Supply in Tamarac, FL
How many homes are available in Tamarac, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 363 | 411 | +13.2% |
Summary: The Tamarac real estate market had 411 homes for sale in May 2024, a 13.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 38 | 42 | +10.5% |
| 2 Bedrooms | 235 | 279 | +18.7% |
| 3 Bedrooms | 69 | 71 | +2.9% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Tamarac housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 58 | 52 | -10.3% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tamarac, you may be able to get a good deal. 73.1% of homes here sold below asking price last month.
Summary: A total of 52 homes were sold or pending in Tamarac in May 2024, down by 10.3% month-over-month. Of the 52 sold homes, 73% were sold under asking, 19% were sold at asking, and 8% were sold over asking.
Days on Market for Tamarac, FL
How long does it take to sell a home in Tamarac, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 54 Days | +62.8% |
Summary: Homes in Tamarac had an average of 54 days on market in May 2024, up by 62.8% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tamarac are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 52 homes were sold in Tamarac; 44% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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