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 buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Coral Springs was a Seller's Market.

Key Takeaway

Coral Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Coral Springs, FL

How much do homes in Coral Springs, FL cost?

Median Sold Price

$584,428

$291/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$44,428(+8.2%)

Key Takeaway

Homes in Coral Springs have sold for 8.2% more than they did a year ago.

Summary: The median home sold price in Coral Springs was $584,428 in November 2024, up 8.2% from last year, and the median price per square foot was $291.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $180K$195K
+8.3%
2 $225K$235K
+4.4%
3 $485K$549K
+13.2%
4 $670K$710K
+6.0%
5+ $885.5K$850K
-4.0%

Summary: Coral Springs housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 4%.

Median Sold Price Compared To Nearby Cities

Coconut Creek
+16.9%
Coral Springs-Margate
+9.2%
Coral Springs
+8.2%
Margate
+2.9%
Parkland
+1.9%

Housing Supply in Coral Springs, FL

How many homes are available in Coral Springs, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
391420+7.4%

Summary: The Coral Springs real estate market had 420 homes for sale in November 2024, a 7.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 3035
+16.7%
2 108112
+3.7%
3 119127
+6.7%
4 97105
+8.2%
5+ 3741
+10.8%

Summary: The Coral Springs housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 10.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5233-36.5%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 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. 75.8% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in Coral Springs in November 2024, down by 36.5% month-over-month. Of the 33 sold homes, 76% were sold under asking, 9% were sold at asking, and 15% 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 2023Nov 2024CHANGE
30 Days47 Days+55.5%

Summary: Homes in Coral Springs had an average of 47 days on market in Nov 2024, up by 55.5% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

4 Homes Were 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.

Summary: During November 2024, 33 homes were sold in Coral Springs; 45% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 12% 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 7 Days Ago

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