Is Parkland, 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, Parkland was a Seller's Market.
Housing Prices in Parkland, FL
How much do homes in Parkland, FL cost?
Median Sold Price
$1,017,500
$354/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Parkland was $1,017,500 in April 2024, up 1.5% from last year, and the median price per square foot was $354.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $780.1K | $850K | +9.0% |
3 Bedrooms | $740K | $743.5K | 0.5% |
4 Bedrooms | $860K | $1.0M | +16.3% |
5+ Bedrooms | $1.3M | $1.3M | +2.3% |
Summary: Parkland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Cities
Coconut Creek | $310.2K | $340.3K | +9.7% |
Sunshine Parkway | $572K | $617.1K | +7.9% |
Coral Springs | $528.8K | $549.7K | +4.0% |
Parkland | $1.0M | $1.0M | +1.5% |
Housing Supply in Parkland, FL
How many homes are available in Parkland, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
89 | 96 | +7.9% |
Summary: The Parkland real estate market had 96 homes for sale in April 2024, a 7.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 3 | -40.0% |
3 Bedrooms | 25 | 24 | -4.0% |
4 Bedrooms | 20 | 21 | +5.0% |
5+ Bedrooms | 39 | 48 | +23.1% |
Summary: The Parkland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 13 | -35.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Parkland in April 2024, down by 35.0% month-over-month. Of the 13 sold homes, 85% were sold under asking, 15% were sold at asking, and 0% were sold over asking.
Days on Market for Parkland, FL
How long does it take to sell a home in Parkland, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 29 Days | -34.1% |
Summary: Homes in Parkland had an average of 29 days on market in Apr 2024, down by 34.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Parkland; 38% of homes were sold within 30 days, 62% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.