Is Coral Springs, 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, Coral Springs was a Seller's Market.
Housing Prices in Coral Springs, FL
How much do homes in Coral Springs, FL cost?
Median Sold Price
$549,821
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Coral Springs was $549,821 in March 2024, up 4.1% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $182K | +1.1% |
2 Bedrooms | $211.5K | $235K | +11.1% |
3 Bedrooms | $475.5K | $473.5K | -0.4% |
4 Bedrooms | $660K | $690K | +4.5% |
5+ Bedrooms | $850K | $872.5K | +2.6% |
Summary: Coral Springs housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 2.6%.
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% |
Coral Springs | $528.3K | $549.8K | +4.1% |
Parkland | $1.0M | $995K | -3.4% |
Housing Supply in Coral Springs, FL
How many homes are available in Coral Springs, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
327 | 355 | +8.6% |
Summary: The Coral Springs real estate market had 355 homes for sale in March 2024, a 8.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 25 | +4.2% |
2 Bedrooms | 84 | 96 | +14.3% |
3 Bedrooms | 84 | 92 | +9.5% |
4 Bedrooms | 91 | 95 | +4.4% |
5+ Bedrooms | 44 | 47 | +6.8% |
Summary: The Coral Springs housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 6.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 43 | -21.8% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in Coral Springs in March 2024, down by 21.8% month-over-month. Of the 43 sold homes, 77% were sold under asking, 16% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 57 Days | +21.7% |
Summary: Homes in Coral Springs had an average of 57 days on market in Mar 2024, up by 21.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During March 2024, 43 homes were sold in Coral Springs; 42% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.