Is Broward County, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Broward County is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Broward County has remained a Seller's Market.

Key Takeaway

Broward County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Broward County, FL cost?

Median Sold Price

$379,375

$262/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$54,634(+16.8%)

Key Takeaway

Homes in Broward County have sold for 16.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $128.3K$155.7K
+21.4%
2 $214.9K$255.4K
+18.9%
3 $368.1K$439.9K
+19.5%
4 $510.2K$630.9K
+23.7%
5+ $836.2K$988.1K
+18.2%

Median Sold Price Compared To Nearby Counties

Collier County
+25.0%
Palm Beach County
+17.7%
Broward County
+16.8%
Miami-Dade County
+15.9%
Hendry County
+11.1%

How many homes are available in Broward County, FL?

Number of Homes For Sale

Jul 2022Aug 2022%
6,3916,820+6.7%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 789835
+5.8%
2 2,1572,324
+7.7%
3 1,9432,133
+9.8%
4 1,0081,022
+1.4%
5+ 494506
+2.4%

Number of Homes Sold

Jul 2022Aug 2022%
1,2891,263-2.0%

Asking Price vs. Sold Price

612 Homes Were Sold
Under Asking

249 Homes Were Sold
At Asking

402 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Broward County, you may be able to get a good deal. 48.5% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
36 Days27 Days-25.2%

Breakdown of Home Sale Times

902 Homes Were Sold
Under 30 Days

296 Homes Were Sold
In 30 - 90 Days

65 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Broward County are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Broward County, FL

There are 6,820 homes are for sale in Broward County, FL real estate market. The number of listings in Broward County, FL increased by 6.7% between July 2022 and August 2022. While the average time on the market in August 2022 was 27 days, the median list price was $379,375. This housing market listing prices have changed between July 2022 and August 2022: 1 bedroom properties prices increased by 21.4%, prices of 2 bedrooms properties went up by 18.9%, prices of 3 bedrooms properties went up by 19.5%, 4 bedrooms properties prices increased by 23.7%, prices of 5 bedrooms properties went up by 18.2%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes went up by 5.8%, volume of 2 bedrooms homes went up by 7.7%, 3 bedrooms homes inventory increased by 9.8%, volume of 4 bedrooms homes went up by 1.4%, the quantity of 5 bedrooms homes went up by 2.4%. In August 2022, from all listings sold in Broward County, FL there were more than 402 sold above asking price, over 612 sold below and more than 249 were sold right at the asked price.

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