Is Broward County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Broward County was a Seller's Market.
Housing Prices in Broward County, FL
How much do homes in Broward County, FL cost?
Median Sold Price
$429,372
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Broward County was $429,372 in April 2024, up 7.6% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $169.4K | $179.9K | +6.2% |
2 Bedrooms | $275.1K | $294.9K | +7.2% |
3 Bedrooms | $469.9K | $498.7K | +6.1% |
4 Bedrooms | $656.9K | $690K | +5.0% |
5+ Bedrooms | $1.0M | $1.0M | +7.3% |
Summary: Broward County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.2%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Counties
Miami-Dade County | $484.9K | $530.9K | +9.5% |
Palm Beach County | $444K | $481.9K | +8.6% |
Collier County | $600K | $648.6K | +8.1% |
Broward County | $398.9K | $429.3K | +7.6% |
Hendry County | $291.5K | $312.3K | +7.1% |
Housing Supply in Broward County, FL
How many homes are available in Broward County, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8,975 | 9,991 | +11.3% |
Summary: The Broward County real estate market had 9,991 homes for sale in April 2024, a 11.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1,412 | 1,547 | +9.6% |
2 Bedrooms | 3,423 | 3,865 | +12.9% |
3 Bedrooms | 2,399 | 2,639 | +10.0% |
4 Bedrooms | 1,120 | 1,243 | +11.0% |
5+ Bedrooms | 621 | 697 | +12.2% |
Summary: The Broward County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.6%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 12.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,220 | 1,194 | -2.1% |
Asking Price vs. Sold Price
865 Homes Were Sold
Under Asking
192 Homes Were Sold
At Asking
137 Homes Were Sold
Over Asking
Summary: A total of 1,194 homes were sold or pending in Broward County in April 2024, down by 2.1% month-over-month. Of the 1,194 sold homes, 72% were sold under asking, 16% were sold at asking, and 11% were sold over asking.
Days on Market for Broward County, FL
How long does it take to sell a home in Broward County, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 54 Days | +14.3% |
Summary: Homes in Broward County had an average of 54 days on market in Apr 2024, up by 14.3% compared to last year.
Breakdown of Home Sale Times
548 Homes Were Sold
Under 30 Days
411 Homes Were Sold
In 30 - 90 Days
235 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1194 homes were sold in Broward County; 46% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.