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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Coral Springs-Margate is a seller's market

Buyer's
Market

Difference Since August 2021

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

Key Takeaway

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

How much do homes in Coral Springs-Margate, FL cost?

Median Sold Price

$322,046

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$52,002(+19.3%)

Key Takeaway

Homes in Coral Springs-Margate have sold for 19.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $90K$115K
+27.8%
2 $164.6K$215K
+30.6%
3 $325.1K$400K
+23.0%
4 $475K$578.6K
+21.8%
5+ $649.9K$745K
+14.6%

Median Sold Price Compared To Nearby Cities

Margate
+28.2%
Coral Springs
+22.3%
North Lauderdale
+19.9%
Coral Springs-Margate
+19.3%
Tamarac
+11.4%

How many homes are available in Coral Springs-Margate, FL?

Number of Homes For Sale

Jul 2022Aug 2022%
556588+5.8%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 3344
+33.3%
2 205213
+3.9%
3 199213
+7.0%
4 10497
-6.7%
5+ 1521
+40.0%

Number of Homes Sold

Jul 2022Aug 2022%
122135+10.7%

Asking Price vs. Sold Price

44 Homes Were Sold
Under Asking

36 Homes Were Sold
At Asking

55 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Coral Springs-Margate, you could pay more than the asking price. 40.7% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
25 Days20 Days-20.0%

Breakdown of Home Sale Times

110 Homes Were Sold
Under 30 Days

21 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-Margate 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-Margate, FL

Homes for sale in Coral Springs-Margate, FL have reached 588. The inventory of homes for sale in Coral Springs-Margate, FL between July 2022 and August 2022 increased by 5.8%. While the average time on the market in August 2022 was 20 days, the median list price was $322,046. Real estate listing prices changed between July 2022 and August 2022: 1 bedroom properties prices increased by 27.8%, the cost of 2 bedrooms properties went up by 30.6%, 3 bedrooms properties became 23% more expensive, 4 bedrooms properties became 21.8% more expensive, 5 bedrooms properties became 14.6% more expensive. This housing market inventory have changed: the quantity of 1 bedroom homes went up by 33.3%, 2 bedrooms homes inventory increased by 3.9%, 3 bedrooms homes inventory increased by 7%, volume of 4 bedrooms homes went down by 6.7%, 5 bedrooms homes inventory increased by 40%. In August 2022, from all listings sold in Coral Springs-Margate, FL there were more than 55 sold above asking price, over 44 sold below and more than 36 were sold right at the asked price.

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