Is Parkland, 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, Parkland was a Neutral Market.
Housing Prices in Parkland, FL
How much do homes in Parkland, FL cost?
Median Sold Price
$995,000
$352/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Parkland was $995,000 in March 2024, down 3.4% from last year, and the median price per square foot was $352.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $875K | $836.9K | -4.4% |
3 Bedrooms | $752K | $750K | -0.3% |
4 Bedrooms | $875.5K | $990K | +13.1% |
5+ Bedrooms | $1.3M | $1.3M | +5.8% |
Summary: Parkland housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.4%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 5.8%.
Median Sold Price Compared To Nearby Cities
Coconut Creek | $310.2K | $330K | +6.4% |
Sunshine Parkway | $580.3K | $612.6K | +5.6% |
Coral Springs | $528.3K | $549.8K | +4.1% |
Parkland | $1.0M | $995K | -3.4% |
Housing Supply in Parkland, FL
How many homes are available in Parkland, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
87 | 90 | +3.4% |
Summary: The Parkland real estate market had 90 homes for sale in March 2024, a 3.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 5 | -28.6% |
3 Bedrooms | 25 | 23 | -8.0% |
4 Bedrooms | 24 | 21 | -12.5% |
5+ Bedrooms | 31 | 41 | +32.3% |
Summary: The Parkland housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 32.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 18 | +5.9% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Parkland in March 2024, up by 5.9% month-over-month. Of the 18 sold homes, 72% were sold under asking, 17% were sold at asking, and 11% were sold over asking.
Days on Market for Parkland, FL
How long does it take to sell a home in Parkland, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
65 Days | 47 Days | -27.3% |
Summary: Homes in Parkland had an average of 47 days on market in Mar 2024, down by 27.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in Parkland; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.