Is Coral Springs, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Coral Springs is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Coral Springs has remained a Seller's Market.

Key Takeaway

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

How much do homes in Coral Springs, FL cost?

Median Sold Price

$519,982

$255/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$94,982(+22.3%)

Key Takeaway

Homes in Coral Springs have sold for 22.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $125K$154K
+23.2%
2 $155K$200K
+29.0%
3 $360K$460K
+27.8%
4 $510K$636.7K
+24.9%
5+ $650K$790K
+21.5%

Median Sold Price Compared To Nearby Cities

Parkland
+28.4%
Margate
+28.2%
Coconut Creek
+22.7%
Coral Springs
+22.3%
Coral Springs-Margate
+19.3%

How many homes are available in Coral Springs, FL?

Number of Homes For Sale

Jul 2022Aug 2022%
262283+8.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 912
+33.3%
2 6262
0.0%
3 6878
+14.7%
4 9598
+3.2%
5+ 2833
+17.9%

Number of Homes Sold

Jul 2022Aug 2022%
6263+1.6%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

24 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Coral Springs, you may be able to get a good deal. 38.1% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
20 Days16 Days-20.2%

Breakdown of Home Sale Times

55 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Coral Springs 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 Coral Springs, FL

Number of homes for sale in Coral Springs, FL real estate market have reached 283. The number of listings in Coral Springs, FL increased by 8% between July 2022 and August 2022. In August 2022, listings were on the market for 16 days. During the same period, the median list price in this real estate market was $519,982. This housing market listing prices have changed between July 2022 and August 2022: prices of 1 bedroom properties increased by 23.2%, 2 bedrooms properties prices increased by 29%, prices of 3 bedrooms properties increased by 27.8%, prices of 4 bedrooms properties increased by 24.9%, prices of 5 bedrooms properties went up by 21.5%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory increased by 33.3%, the quantity of 2 bedrooms homes have not changed, 3 bedrooms homes inventory increased by 14.7%, volume of 4 bedrooms homes went up by 3.2%, the quantity of 5 bedrooms homes went up by 17.9%. In August 2022 more than 24 listings in Coral Springs, FL were sold above the asking price. During the same period more than 15 listings were sold at asking price, while more than 24 were sold below.

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