Is Coral Springs, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Coral Springs was a Seller's Market.
Key Takeaway
Coral Springs is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Coral Springs, FL
How much do homes in Coral Springs, FL cost?
Median Sold Price
$541,250
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Coral Springs have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Coral Springs was $541,250 in November 2023, up 2.1% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158.5K | $180K | +13.6% |
| 2 Bedrooms | $208.7K | $225K | +7.8% |
| 3 Bedrooms | $467.5K | $490K | +4.8% |
| 4 Bedrooms | $650K | $669.9K | +3.1% |
| 5+ Bedrooms | $873K | $885.5K | +1.4% |
Summary: Coral Springs housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 13.6%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Coconut Creek | $299.9K | $325K | +8.3% |
| Coral Springs-Margate | $325.7K | $350K | +7.5% |
| Margate | $319.5K | $342.5K | +7.2% |
| Coral Springs | $530.3K | $541.2K | +2.1% |
| Parkland | $1.0M | $1.0M | -0.8% |
Housing Supply in Coral Springs, FL
How many homes are available in Coral Springs, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 260 | 279 | +7.3% |
Summary: The Coral Springs real estate market had 279 homes for sale in November 2023, a 7.3% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 12 | +50.0% |
| 2 Bedrooms | 83 | 76 | -8.4% |
| 3 Bedrooms | 71 | 77 | +8.5% |
| 4 Bedrooms | 78 | 86 | +10.3% |
| 5+ Bedrooms | 20 | 28 | +40.0% |
Summary: The Coral Springs housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 8.4%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 50 | 44 | -12.0% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coral Springs, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in Coral Springs in November 2023, down by 12.0% month-over-month. Of the 44 sold homes, 82% were sold under asking, 11% were sold at asking, and 7% were sold over asking.
Days on Market for Coral Springs, FL
How long does it take to sell a home in Coral Springs, FL?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 28 Days | 30 Days | +7.1% |
Summary: Homes in Coral Springs had an average of 30 days on market in Nov 2023, up by 7.1% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coral Springs are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 44 homes were sold in Coral Springs; 64% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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Copyright © 2023 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Brevard Multiple Listing Service. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.