Is Coconut Creek, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Coconut Creek was a Seller's Market.
Key Takeaway
Coconut Creek is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Coconut Creek, FL
How much do homes in Coconut Creek, FL cost?
Median Sold Price
$340,375
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Coconut Creek have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Coconut Creek was $340,375 in April 2024, up 9.7% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $192K | +47.7% |
| 2 Bedrooms | $250K | $262K | +4.8% |
| 3 Bedrooms | $475K | $480K | +1.1% |
| 4 Bedrooms | $585K | $639.9K | +9.4% |
| 5+ Bedrooms | $738K | $732.7K | -0.7% |
Summary: Coconut Creek housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.7%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Cities
| Coconut Creek | $310.2K | $340.3K | +9.7% |
| Sunshine Parkway | $572K | $617.1K | +7.9% |
| Margate | $320.1K | $345K | +7.8% |
| Coral Springs-Margate | $333.1K | $357.3K | +7.3% |
Housing Supply in Coconut Creek, FL
How many homes are available in Coconut Creek, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 193 | 225 | +16.6% |
Summary: The Coconut Creek real estate market had 225 homes for sale in April 2024, a 16.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 18 | +5.9% |
| 2 Bedrooms | 89 | 120 | +34.8% |
| 3 Bedrooms | 63 | 60 | -4.8% |
| 4 Bedrooms | 20 | 22 | +10.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Coconut Creek housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 34.8%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 26 | -23.5% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coconut Creek, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Coconut Creek in April 2024, down by 23.5% month-over-month. Of the 26 sold homes, 62% were sold under asking, 31% were sold at asking, and 8% were sold over asking.
Days on Market for Coconut Creek, FL
How long does it take to sell a home in Coconut Creek, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 59 Days | +67.9% |
Summary: Homes in Coconut Creek had an average of 59 days on market in Apr 2024, up by 67.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Coconut Creek has remained consistent over time.
Summary: During April 2024, 26 homes were sold in Coconut Creek; 31% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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