Is Coconut Creek, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Coconut Creek is a buyer's market

Buyer's
Market

Difference Since January 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

$327,000

$255/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$27,000(+9.0%)

Key Takeaway

Homes in Coconut Creek have sold for 9% more than they did a year ago.

Summary: The median home sold price in Coconut Creek was $327,000 in January 2024, up 9% from last year, and the median price per square foot was $255.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $135.2K$136K
+0.6%
2 $242.5K$257.5K
+6.2%
3 $480K$460K
-4.2%
4 $615K$580K
-5.7%
5+ $729K$732.7K
0.5%

Summary: Coconut Creek housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes increased by 6.2%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 0.5%.

Median Sold Price Compared To Nearby Cities

Coconut Creek
+9.0%
Coral Springs-Margate
+6.4%
Margate
+5.1%
Sunshine Parkway
+4.6%

Housing Supply in Coconut Creek, FL

How many homes are available in Coconut Creek, FL?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
150184+22.7%

Summary: The Coconut Creek real estate market had 184 homes for sale in January 2024, a 22.7% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 311
+266.7%
2 8290
+9.8%
3 4359
+37.2%
4 2122
+4.8%
5+ 12
+100.0%

Summary: The Coconut Creek housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 266.7%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 37.2%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
3017-43.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Coconut Creek, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Coconut Creek in January 2024, down by 43.3% month-over-month. Of the 17 sold homes, 53% were sold under asking, 29% were sold at asking, and 18% 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

Jan 2023Jan 2024CHANGE
37 Days40 Days+7.2%

Summary: Homes in Coconut Creek had an average of 40 days on market in Jan 2024, up by 7.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Coconut Creek has remained consistent over time.

Summary: During January 2024, 17 homes were sold in Coconut Creek; 41% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

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

Report Updated 21 Days Ago

Newest Listings in Coconut Creek, FL

Nearby Markets to Coconut Creek, FL

What housing markets are near Coconut Creek, FL?