Is Hallandale Beach, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hallandale Beach is a buyer's market

Buyer's
Market

Difference Since February 2023

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

$324,681

$299/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$431(+0.1%)

Key Takeaway

The sold price of homes in Hallandale Beach has remained the same since last year.

Summary: The median home sold price in Hallandale Beach was $324,681 in February 2024, up 0.1% from last year, and the median price per square foot was $299.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $220K$235K
+6.8%
2 $360.6K$374.6K
+3.9%
3 $636K$650K
+2.2%
4 $428.9K$672.5K
+56.8%
5+ $3.9M$6.5M
+67.0%

Summary: Hallandale Beach housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 56.8%, and 5+ bedroom homes increased by 67%.

Median Sold Price Compared To Nearby Cities

Hollywood
+6.4%
Aventura
+2.3%
Hallandale
0.3%
Hallandale Beach
0.1%

Housing Supply in Hallandale Beach, FL

How many homes are available in Hallandale Beach, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
648783+20.8%

Summary: The Hallandale Beach real estate market had 783 homes for sale in February 2024, a 20.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 248305
+23.0%
2 297368
+23.9%
3 8186
+6.2%
4 99
0.0%
5+ 1315
+15.4%

Summary: The Hallandale Beach housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23%, 2 bedroom homes increased by 23.9%, 3 bedroom homes increased by 6.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 15.4%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
4336-16.3%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hallandale Beach, you may be able to get a good deal. 86.1% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in Hallandale Beach in February 2024, down by 16.3% month-over-month. Of the 36 sold homes, 86% were sold under asking, 11% were sold at asking, and 3% 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

Feb 2023Feb 2024CHANGE
61 Days76 Days+25.4%

Summary: Homes in Hallandale Beach had an average of 76 days on market in Feb 2024, up by 25.4% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Hallandale Beach has remained consistent over time.

Summary: During February 2024, 36 homes were sold in Hallandale Beach; 33% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

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