Is Parkland, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Parkland has remained a Seller's Market.
Key Takeaway
Parkland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Parkland, FL cost?
Median Sold Price
$1,030,000
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Parkland have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Parkland was $1,030,000 in August 2023, up 7.3% from last year, and the median price per square foot was $343.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $419K | $825K | +96.9% |
| 3 Bedrooms | $650K | $820K | +26.2% |
| 4 Bedrooms | $835K | $949K | +13.7% |
| 5+ Bedrooms | $1.3M | $1.3M | +1.2% |
Summary: Parkland housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 96.9%, 3 bedroom homes increased by 26.2%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Cities
| Parkland | $960K | $1.0M | +7.3% |
| Coconut Creek | $299.9K | $315.2K | +5.1% |
| Sunshine Parkway | $550.1K | $575.3K | +4.6% |
| Coral Springs | $519.5K | $525.6K | +1.2% |
Housing Supply
How many homes are available in Parkland, FL?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 90 | 78 | -13.3% |
Summary: The Parkland real estate market had 78 homes for sale in August 2023, a 13.3% decrease compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 18 | 15 | -16.7% |
| 4 Bedrooms | 27 | 28 | +3.7% |
| 5+ Bedrooms | 38 | 31 | -18.4% |
Summary: The Parkland housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 42.9%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 18.4%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Parkland, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Parkland in August 2023, down by 13.6% month-over-month. Of the 19 sold homes, 63% were sold under asking, 16% were sold at asking, and 21% were sold over asking.
Days on Market
How long does it take to sell a home in Parkland, FL?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 19 Days | 50 Days | +158.5% |
Summary: Homes in Parkland had an average of 50 days on market in Aug 2023, up by 158.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Parkland are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 19 homes were sold in Parkland; 58% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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