Is Pompano Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2022
At the same time last year, Pompano Beach was a Seller's Market.
Key Takeaway
Pompano Beach is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
How much do homes in Pompano Beach, FL cost?
Median Sold Price
$350,000
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
Key Takeaway
Homes in Pompano Beach have sold for 10.5% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | $160K | $190.5K | +19.1% |
| 2 Bedrooms | $250.7K | $300K | +19.6% |
| 3 Bedrooms | $379.5K | $420K | +10.7% |
| 4 Bedrooms | $545K | $498K | -8.6% |
| 5+ Bedrooms | $625K | $475K | -24.0% |
Median Sold Price Compared To Nearby Cities
| Lighthouse Point | $599.5K | $687.5K | +14.7% |
| Hillsboro Beach | $610K | $688.7K | +12.9% |
| Deerfield Beach | $274.8K | $308.8K | +12.4% |
| Pompano Beach | $316.7K | $350K | +10.5% |
How many homes are available in Pompano Beach, FL?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 416 | 438 | +5.3% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 51 | 54 | +5.9% |
| 2 Bedrooms | 183 | 197 | +7.7% |
| 3 Bedrooms | 141 | 132 | -6.4% |
| 4 Bedrooms | 26 | 32 | +23.1% |
| 5+ Bedrooms | 15 | 23 | +53.3% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 78 | 64 | -17.9% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pompano Beach, you may be able to get a good deal. 65.6% of homes here sold below asking price last month.
How long does it take to sell a home in Pompano Beach, FL?
How long does it take to sell a home in Pompano Beach, FL?
Average Sale Time
| May 2022 | May 2023 | % |
|---|---|---|
| 28 Days | 44 Days | +54.6% |
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pompano Beach are selling fast, if you're buying plan to act quickly.
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Copyright © 2023 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Brevard Multiple Listing Service. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.