Is Tamarac, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Tamarac was a Seller's Market.
Key Takeaway
Tamarac is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tamarac, FL
How much do homes in Tamarac, FL cost?
Median Sold Price
$302,045
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Tamarac have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Tamarac was $302,045 in November 2023, up 8.6% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $130K | +18.2% |
| 2 Bedrooms | $249.9K | $267K | +6.8% |
| 3 Bedrooms | $408K | $425K | +4.2% |
| 4 Bedrooms | $500K | $580K | +16.0% |
| 5+ Bedrooms | $435K | $853.6K | +96.2% |
Summary: Tamarac housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 96.2%.
Median Sold Price Compared To Nearby Cities
| North Lauderdale | $290K | $335.3K | +15.6% |
| Lauderdale Lakes | $125K | $142.5K | +14.0% |
| Tamarac | $278.2K | $302K | +8.6% |
| Coral Springs-Margate | $325.7K | $350K | +7.5% |
| Coral Springs | $530.3K | $541.2K | +2.1% |
Housing Supply in Tamarac, FL
How many homes are available in Tamarac, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 345 | 349 | +1.2% |
Summary: The Tamarac real estate market had 349 homes for sale in November 2023, a 1.2% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 31 | 30 | -3.2% |
| 2 Bedrooms | 231 | 235 | +1.7% |
| 3 Bedrooms | 73 | 73 | 0.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Tamarac housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.2%, 2 bedroom homes increased by 1.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 59 | 38 | -35.6% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tamarac, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in Tamarac in November 2023, down by 35.6% month-over-month. Of the 38 sold homes, 63% were sold under asking, 18% were sold at asking, and 18% were sold over asking.
Days on Market for Tamarac, FL
How long does it take to sell a home in Tamarac, FL?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 37 Days | 41 Days | +13.0% |
Summary: Homes in Tamarac had an average of 41 days on market in Nov 2023, up by 13% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tamarac are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 38 homes were sold in Tamarac; 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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