Is Pompano Beach, 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, Pompano Beach was a Seller's Market.
Housing Prices in Pompano Beach, FL
How much do homes in Pompano Beach, FL cost?
Median Sold Price
$356,938
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Pompano Beach was $356,938 in March 2024, up 0.4% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $192.5K | $200K | +3.9% |
2 Bedrooms | $307K | $312K | +1.6% |
3 Bedrooms | $425K | $420K | -1.2% |
4 Bedrooms | $525K | $508K | -3.2% |
5+ Bedrooms | $550K | $589.5K | +7.2% |
Summary: Pompano Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 1.6%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 7.2%.
Median Sold Price Compared To Nearby Cities
Deerfield Beach | $296.3K | $329.7K | +11.3% |
Lighthouse Point | $675K | $732.5K | +8.5% |
Pompano Beach | $355.4K | $356.9K | 0.4% |
Lauderdale-by-the-Sea | $637K | $535K | -16.0% |
Hillsboro Beach | $699K | $534.1K | -23.6% |
Housing Supply in Pompano Beach, FL
How many homes are available in Pompano Beach, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
563 | 629 | +11.7% |
Summary: The Pompano Beach real estate market had 629 homes for sale in March 2024, a 11.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 72 | 84 | +16.7% |
2 Bedrooms | 251 | 270 | +7.6% |
3 Bedrooms | 173 | 200 | +15.6% |
4 Bedrooms | 47 | 53 | +12.8% |
5+ Bedrooms | 20 | 22 | +10.0% |
Summary: The Pompano Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
64 | 62 | -3.1% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 62 homes were sold or pending in Pompano Beach in March 2024, down by 3.1% month-over-month. Of the 62 sold homes, 76% were sold under asking, 15% were sold at asking, and 10% were sold over asking.
Days on Market for Pompano Beach, FL
How long does it take to sell a home in Pompano Beach, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 70 Days | +44.7% |
Summary: Homes in Pompano Beach had an average of 70 days on market in Mar 2024, up by 44.7% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During March 2024, 62 homes were sold in Pompano Beach; 32% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.