Is Coral Springs-Margate, 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-Margate was a Seller's Market.
Housing Prices in Coral Springs-Margate, FL
How much do homes in Coral Springs-Margate, FL cost?
Median Sold Price
$357,388
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Coral Springs-Margate was $357,388 in April 2024, up 7.3% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $144.9K | $130K | -10.3% |
2 Bedrooms | $235K | $249.5K | +6.2% |
3 Bedrooms | $420K | $437.6K | +4.2% |
4 Bedrooms | $597.2K | $605K | +1.3% |
5+ Bedrooms | $802K | $718K | -10.5% |
Summary: Coral Springs-Margate housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.3%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 10.5%.
Median Sold Price Compared To Nearby Cities
North Lauderdale | $310K | $338K | +9.0% |
Margate | $320.1K | $345K | +7.8% |
Coral Springs-Margate | $333.1K | $357.3K | +7.3% |
Tamarac | $299.2K | $314.8K | +5.2% |
Coral Springs | $528.8K | $549.7K | +4.0% |
Housing Supply in Coral Springs-Margate, FL
How many homes are available in Coral Springs-Margate, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
713 | 784 | +10.0% |
Summary: The Coral Springs-Margate real estate market had 784 homes for sale in April 2024, a 10.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 58 | 65 | +12.1% |
2 Bedrooms | 327 | 352 | +7.6% |
3 Bedrooms | 199 | 231 | +16.1% |
4 Bedrooms | 91 | 100 | +9.9% |
5+ Bedrooms | 38 | 36 | -5.3% |
Summary: The Coral Springs-Margate housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
103 | 110 | +6.8% |
Asking Price vs. Sold Price
70 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 110 homes were sold or pending in Coral Springs-Margate in April 2024, up by 6.8% month-over-month. Of the 110 sold homes, 64% were sold under asking, 21% were sold at asking, and 15% were sold over asking.
Days on Market for Coral Springs-Margate, FL
How long does it take to sell a home in Coral Springs-Margate, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 50 Days | +42.8% |
Summary: Homes in Coral Springs-Margate had an average of 50 days on market in Apr 2024, up by 42.8% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During April 2024, 110 homes were sold in Coral Springs-Margate; 47% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.