Is Broward Estates, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Broward Estates has remained a Seller's Market.
Key Takeaway
Broward Estates is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Broward Estates, FL
How much do homes in Broward Estates, FL cost?
Median Sold Price
$380,000
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Broward Estates have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Broward Estates was $380,000 in April 2024, up 2.2% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $315K | - | N/A |
| 3 Bedrooms | $385K | $375.9K | -2.4% |
| 4 Bedrooms | $390K | $400K | +2.6% |
| 5+ Bedrooms | $385K | $470K | +22.1% |
Summary: Broward Estates 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 did not change, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 22.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Melrose Park | $414K | $447.4K | +8.1% |
| Broward Estates | $372K | $380K | +2.2% |
Housing Supply in Broward Estates, FL
How many homes are available in Broward Estates, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 19 | +35.7% |
Summary: The Broward Estates real estate market had 19 homes for sale in April 2024, a 35.7% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Broward Estates 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Broward Estates, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Broward Estates in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 75% were sold at asking, and 25% were sold over asking.
Days on Market for Broward Estates, FL
How long does it take to sell a home in Broward Estates, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 46 Days | +76.9% |
Summary: Homes in Broward Estates had an average of 46 days on market in Apr 2024, up by 76.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Broward Estates has remained consistent over time.
Summary: During April 2024, 4 homes were sold in Broward Estates; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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