Is Hallandale, 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, Hallandale was a Seller's Market.
Key Takeaway
Hallandale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hallandale, FL
How much do homes in Hallandale, FL cost?
Median Sold Price
$325,571
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hallandale have sold for 1% more than they did a year ago.
Summary: The median home sold price in Hallandale was $325,571 in March 2024, up 1% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $235K | +6.8% |
| 2 Bedrooms | $359K | $374.6K | +4.4% |
| 3 Bedrooms | $649K | $639.2K | -1.5% |
| 4 Bedrooms | $471.2K | $672.5K | +42.7% |
| 5+ Bedrooms | $3.9M | $5.9M | +52.6% |
Summary: Hallandale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 4.4%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 42.7%, and 5+ bedroom homes increased by 52.6%.
Median Sold Price Compared To Nearby Cities
| Pembroke Park | $161K | $183.5K | +14.0% |
| Hallandale | $322.5K | $325.5K | +1.0% |
| Hallandale Beach | $323K | $325.5K | +0.8% |
| Aventura | $497.6K | $498.9K | 0.3% |
Housing Supply in Hallandale, FL
How many homes are available in Hallandale, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 722 | 805 | +11.5% |
Summary: The Hallandale real estate market had 805 homes for sale in March 2024, a 11.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 279 | 318 | +14.0% |
| 2 Bedrooms | 339 | 367 | +8.3% |
| 3 Bedrooms | 84 | 98 | +16.7% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Hallandale housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 45 | 51 | +13.3% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hallandale, you may be able to get a good deal. 88.2% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Hallandale in March 2024, up by 13.3% month-over-month. Of the 51 sold homes, 88% were sold under asking, 12% were sold at asking, and 0% were sold over asking.
Days on Market for Hallandale, FL
How long does it take to sell a home in Hallandale, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 67 Days | 75 Days | +12.2% |
Summary: Homes in Hallandale had an average of 75 days on market in Mar 2024, up by 12.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hallandale has remained consistent over time.
Summary: During March 2024, 51 homes were sold in Hallandale; 25% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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