Is Sunshine Parkway, 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, Sunshine Parkway was a Seller's Market.
Key Takeaway
Sunshine Parkway is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sunshine Parkway, FL
How much do homes in Sunshine Parkway, FL cost?
Median Sold Price
$612,609
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sunshine Parkway have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Sunshine Parkway was $612,609 in March 2024, up 5.6% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122K | $125K | +2.5% |
| 2 Bedrooms | $294.8K | $315K | +6.8% |
| 3 Bedrooms | $540.4K | $560K | +3.6% |
| 4 Bedrooms | $769.2K | $782K | +1.7% |
| 5+ Bedrooms | $1.1M | $1.1M | 0.3% |
Summary: Sunshine Parkway housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Cities
| Coconut Creek | $310.2K | $330K | +6.4% |
| Sunshine Parkway | $580.3K | $612.6K | +5.6% |
| Royal Palm Beach | $459.9K | $484.9K | +5.4% |
| Boynton Beach-Delray Beach | $372.9K | $386.1K | +3.5% |
| Wellington | $680.8K | $695K | +2.1% |
Housing Supply in Sunshine Parkway, FL
How many homes are available in Sunshine Parkway, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,787 | 1,971 | +10.3% |
Summary: The Sunshine Parkway real estate market had 1,971 homes for sale in March 2024, a 10.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 78 | 92 | +17.9% |
| 2 Bedrooms | 448 | 508 | +13.4% |
| 3 Bedrooms | 581 | 608 | +4.6% |
| 4 Bedrooms | 334 | 371 | +11.1% |
| 5+ Bedrooms | 346 | 392 | +13.3% |
Summary: The Sunshine Parkway housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.9%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 216 | 237 | +9.7% |
Asking Price vs. Sold Price
178 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sunshine Parkway, you may be able to get a good deal. 75.1% of homes here sold below asking price last month.
Summary: A total of 237 homes were sold or pending in Sunshine Parkway in March 2024, up by 9.7% month-over-month. Of the 237 sold homes, 75% were sold under asking, 16% were sold at asking, and 9% were sold over asking.
Days on Market for Sunshine Parkway, FL
How long does it take to sell a home in Sunshine Parkway, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 54 Days | 60 Days | +10.8% |
Summary: Homes in Sunshine Parkway had an average of 60 days on market in Mar 2024, up by 10.8% compared to last year.
Breakdown of Home Sale Times
109 Homes Were Sold
Under 30 Days
73 Homes Were Sold
In 30 - 90 Days
55 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sunshine Parkway are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 237 homes were sold in Sunshine Parkway; 46% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc. 
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.