Is Coconut Creek, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Coconut Creek was a Seller's Market.
Housing Prices in Coconut Creek, FL
How much do homes in Coconut Creek, FL cost?
Median Sold Price
$330,000
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Coconut Creek was $330,000 in March 2024, up 6.4% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $185K | +42.3% |
2 Bedrooms | $246K | $264K | +7.3% |
3 Bedrooms | $475K | $475K | 0.0% |
4 Bedrooms | $595K | $615K | +3.4% |
5+ Bedrooms | $729K | $780.5K | +7.1% |
Summary: Coconut Creek housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.3%, 2 bedroom homes increased by 7.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
Coral Springs-Margate | $332.7K | $356.2K | +7.1% |
Coconut Creek | $310.2K | $330K | +6.4% |
Margate | $323.6K | $344K | +6.3% |
Sunshine Parkway | $580.3K | $612.6K | +5.6% |
Housing Supply in Coconut Creek, FL
How many homes are available in Coconut Creek, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
186 | 214 | +15.1% |
Summary: The Coconut Creek real estate market had 214 homes for sale in March 2024, a 15.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 16 | 0.0% |
2 Bedrooms | 90 | 104 | +15.6% |
3 Bedrooms | 60 | 69 | +15.0% |
4 Bedrooms | 18 | 20 | +11.1% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Coconut Creek housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 30 | +36.4% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Coconut Creek in March 2024, up by 36.4% month-over-month. Of the 30 sold homes, 60% were sold under asking, 27% were sold at asking, and 13% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 37 Days | -23.2% |
Summary: Homes in Coconut Creek had an average of 37 days on market in Mar 2024, down by 23.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in Coconut Creek; 50% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.