Is Coral Springs, 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, Coral Springs was a Seller's Market.
Housing Prices in Coral Springs, FL
How much do homes in Coral Springs, FL cost?
Median Sold Price
$549,750
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Coral Springs was $549,750 in April 2024, up 4% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $177.5K | $184.3K | +3.9% |
2 Bedrooms | $210K | $235K | +11.9% |
3 Bedrooms | $478.7K | $473.5K | -1.1% |
4 Bedrooms | $666.2K | $690K | +3.6% |
5+ Bedrooms | $855K | $850K | -0.6% |
Summary: Coral Springs housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 11.9%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
Coconut Creek | $310.2K | $340.3K | +9.7% |
Margate | $320.1K | $345K | +7.8% |
Coral Springs-Margate | $333.1K | $357.3K | +7.3% |
Coral Springs | $528.8K | $549.7K | +4.0% |
Parkland | $1.0M | $1.0M | +1.5% |
Housing Supply in Coral Springs, FL
How many homes are available in Coral Springs, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
333 | 371 | +11.4% |
Summary: The Coral Springs real estate market had 371 homes for sale in April 2024, a 11.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 25 | 29 | +16.0% |
2 Bedrooms | 90 | 93 | +3.3% |
3 Bedrooms | 83 | 104 | +25.3% |
4 Bedrooms | 93 | 101 | +8.6% |
5+ Bedrooms | 42 | 44 | +4.8% |
Summary: The Coral Springs housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 25.3%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 48 | -4.0% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Coral Springs in April 2024, down by 4.0% month-over-month. Of the 48 sold homes, 63% were sold under asking, 21% were sold at asking, and 17% were sold over asking.
Days on Market for Coral Springs, FL
How long does it take to sell a home in Coral Springs, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 40 Days | -14.5% |
Summary: Homes in Coral Springs had an average of 40 days on market in Apr 2024, down by 14.5% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 48 homes were sold in Coral Springs; 46% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.