Is Tamarac, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tamarac is a seller's market

Buyer's
Market

Difference Since June 2021

Since last year, Tamarac has remained a Seller's Market.

Key Takeaway

Tamarac is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Tamarac, FL cost?

Median Sold Price

$268,971

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2021

+$28,980(+12.1%)

Key Takeaway

Homes in Tamarac have sold for 12.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJun 2021Jun 2022%
1 $80K$95K
+18.8%
2 $194.9K$235.6K
+20.9%
3 $304K$375K
+23.4%
4 $407.2K$475K
+16.6%
5+ $543K$407.5K
-25.0%

Median Sold Price Compared To Nearby Cities

North Lauderdale
+23.1%
Lauderdale Lakes
+20.1%
Coral Springs-Margate
+19.3%
Tamarac
+12.1%
Lauderhill
-4.7%

How many homes are available in Tamarac, FL?

Number of Homes For Sale

May 2022Jun 2022%
276292+5.8%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 2625
-3.8%
2 187201
+7.5%
3 5656
0.0%
4 710
+42.9%
5+ 00
0.0%

Number of Homes Sold

May 2022Jun 2022%
7684+10.5%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

40 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tamarac, you could pay more than the asking price. 47.6% of homes here sold above asking price last month.

Average Sale Time

Jun 2021Jun 2022%
27 Days23 Days-16.4%

Breakdown of Home Sale Times

67 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Tamarac are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Tamarac, FL

There are 292 homes are for sale in Tamarac, FL real estate market. In June 2022 in Tamarac, FL there were 5.8% more homes for sale than in May 2022. Listings spent 23 days on the market in June 2022, and had a median list price of $268,971 during the same period. Real estate listing prices changed between May 2022 and June 2022: 1 bedroom properties prices increased by 18.8%, prices of 2 bedrooms properties went up by 20.9%, 3 bedrooms properties became 23.4% more expensive, prices of 4 bedrooms properties went up by 16.6%, prices of 5 bedrooms properties decreased by 25%. This housing market inventory have changed: volume of 1 bedroom homes went down by 3.8%, 2 bedrooms homes became 7.5% more available, the quantity of 3 bedrooms homes have not changed, 4 bedrooms homes became 42.9% more available, 5 bedrooms homes inventory did not change. In June 2022 more than 40 listings in Tamarac, FL were sold above the asking price. During the same period more than 15 listings were sold at asking price, while more than 29 were sold below.

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