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

Housing Market Conditions



Gauge showing Margate is a seller's market


Difference Since August 2022

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

Key Takeaway

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

Housing Prices

How much do homes in Margate, FL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Margate have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in Margate was $320,000 in August 2023, up 4.9% from last year, and the median price per square foot was $245.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $90K$110K
2 $170K$220K
3 $418K$439.5K
4 $453K$492.5K
5+ $420K$475K

Summary: Margate housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 13.1%.

Median Sold Price Compared To Nearby Cities

North Lauderdale
Coconut Creek
Coral Springs-Margate
Coral Springs

Housing Supply

How many homes are available in Margate, FL?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Margate real estate market had 183 homes for sale in August 2023, a 7.0% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 2624
2 8286
3 4753
4 1418
5+ 22

Summary: The Margate housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Margate, you may be able to get a good deal. 48.4% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in Margate in August 2023, down by 16.2% month-over-month. Of the 31 sold homes, 48% were sold under asking, 26% were sold at asking, and 26% were sold over asking.

Days on Market

How long does it take to sell a home in Margate, FL?

Average Sale Time

Aug 2022Aug 2023CHANGE
23 Days22 Days-2.0%

Summary: Homes in Margate had an average of 22 days on market in Aug 2023, down by 2% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Margate are selling fast, if you're buying plan to act quickly.

Summary: During August 2023, 31 homes were sold in Margate; 74% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 3% 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 22 Days Ago

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Nearby Markets

What housing markets are near Margate, FL?