Is Coral Springs-Margate, 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-Margate was a Seller's Market.
Key Takeaway
Coral Springs-Margate is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Coral Springs-Margate, FL
How much do homes in Coral Springs-Margate, FL cost?
Median Sold Price
$356,284
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Coral Springs-Margate have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Coral Springs-Margate was $356,284 in March 2024, up 7.1% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136K | $130K | -4.4% |
| 2 Bedrooms | $230.7K | $249.5K | +8.1% |
| 3 Bedrooms | $415K | $438.3K | +5.6% |
| 4 Bedrooms | $598.3K | $599K | 0.1% |
| 5+ Bedrooms | $795K | $809.5K | +1.8% |
Summary: Coral Springs-Margate housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Cities
| North Lauderdale | $300K | $338K | +12.7% |
| Tamarac | $290K | $313.2K | +8.0% |
| Coral Springs-Margate | $332.7K | $356.2K | +7.1% |
| Margate | $323.6K | $344K | +6.3% |
| Coral Springs | $528.3K | $549.8K | +4.1% |
Housing Supply in Coral Springs-Margate, FL
How many homes are available in Coral Springs-Margate, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 691 | 750 | +8.5% |
Summary: The Coral Springs-Margate real estate market had 750 homes for sale in March 2024, a 8.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 61 | 61 | 0.0% |
| 2 Bedrooms | 301 | 343 | +14.0% |
| 3 Bedrooms | 201 | 206 | +2.5% |
| 4 Bedrooms | 90 | 97 | +7.8% |
| 5+ Bedrooms | 38 | 43 | +13.2% |
Summary: The Coral Springs-Margate 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 14%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 13.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 115 | 84 | -27.0% |
Asking Price vs. Sold Price
62 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coral Springs-Margate, you may be able to get a good deal. 73.8% of homes here sold below asking price last month.
Summary: A total of 84 homes were sold or pending in Coral Springs-Margate in March 2024, down by 27.0% month-over-month. Of the 84 sold homes, 74% were sold under asking, 17% were sold at asking, and 10% were sold over asking.
Days on Market for Coral Springs-Margate, FL
How long does it take to sell a home in Coral Springs-Margate, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 51 Days | +11.9% |
Summary: Homes in Coral Springs-Margate had an average of 51 days on market in Mar 2024, up by 11.9% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coral Springs-Margate are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 84 homes were sold in Coral Springs-Margate; 46% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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Copyright © 2024 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 Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.