Is Hallandale Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Hallandale Beach was a Seller's Market.
Key Takeaway
Hallandale Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hallandale Beach, FL
How much do homes in Hallandale Beach, FL cost?
Median Sold Price
$325,350
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Hallandale Beach have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Hallandale Beach was $325,350 in November 2023, up 3.6% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $235K | +11.9% |
| 2 Bedrooms | $349.9K | $375K | +7.2% |
| 3 Bedrooms | $615K | $649K | +5.5% |
| 4 Bedrooms | $428.9K | $680K | +58.5% |
| 5+ Bedrooms | $3.5M | $5.9M | +70.0% |
Summary: Hallandale Beach housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 11.9%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 58.5%, and 5+ bedroom homes increased by 70%.
Median Sold Price Compared To Nearby Cities
| Hollywood | $437.1K | $460.7K | +5.4% |
| Aventura | $471.9K | $492.5K | +4.4% |
| Hallandale Beach | $313.9K | $325.3K | +3.6% |
| Hallandale | $314K | $325.3K | +3.6% |
Housing Supply in Hallandale Beach, FL
How many homes are available in Hallandale Beach, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 547 | 601 | +9.9% |
Summary: The Hallandale Beach real estate market had 601 homes for sale in November 2023, a 9.9% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 195 | 211 | +8.2% |
| 2 Bedrooms | 250 | 276 | +10.4% |
| 3 Bedrooms | 82 | 93 | +13.4% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Hallandale Beach housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 13.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 60 | 52 | -13.3% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hallandale Beach, you may be able to get a good deal. 86.5% of homes here sold below asking price last month.
Summary: A total of 52 homes were sold or pending in Hallandale Beach in November 2023, down by 13.3% month-over-month. Of the 52 sold homes, 87% were sold under asking, 10% were sold at asking, and 4% were sold over asking.
Days on Market for Hallandale Beach, FL
How long does it take to sell a home in Hallandale Beach, FL?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 72 Days | 61 Days | -15.2% |
Summary: Homes in Hallandale Beach had an average of 61 days on market in Nov 2023, down by 15.2% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hallandale Beach are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 52 homes were sold in Hallandale Beach; 38% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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