Is Hallandale Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Hallandale Beach was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $235K | +6.8% |
2 Bedrooms | $360.6K | $374.6K | +3.9% |
3 Bedrooms | $636K | $650K | +2.2% |
4 Bedrooms | $428.9K | $672.5K | +56.8% |
5+ Bedrooms | $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 | $440.8K | $469.1K | +6.4% |
Aventura | $483.3K | $494.4K | +2.3% |
Hallandale | $323.7K | $324.6K | 0.3% |
Hallandale Beach | $324.2K | $324.6K | 0.1% |
Housing Supply in Hallandale Beach, FL
How many homes are available in Hallandale Beach, FL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
648 | 783 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 248 | 305 | +23.0% |
2 Bedrooms | 297 | 368 | +23.9% |
3 Bedrooms | 81 | 86 | +6.2% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 13 | 15 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
43 | 36 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
61 Days | 76 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
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.