Is Pompano Beach, 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, Pompano Beach was a Seller's Market.
Housing Prices in Pompano Beach, FL
How much do homes in Pompano Beach, FL cost?
Median Sold Price
$357,649
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pompano Beach was $357,649 in April 2024, up 1.3% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $200K | +5.3% |
2 Bedrooms | $303.1K | $315K | +3.9% |
3 Bedrooms | $420K | $430K | +2.4% |
4 Bedrooms | $500K | $510K | +2.0% |
5+ Bedrooms | $550K | $637.5K | +15.9% |
Summary: Pompano Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 15.9%.
Median Sold Price Compared To Nearby Cities
Lighthouse Point | $578.2K | $710K | +22.8% |
Deerfield Beach | $300K | $321.5K | +7.2% |
Pompano Beach | $353.1K | $357.6K | +1.3% |
Lauderdale-by-the-Sea | $640.6K | $535K | -16.5% |
Hillsboro Beach | $690K | $534.1K | -22.6% |
Housing Supply in Pompano Beach, FL
How many homes are available in Pompano Beach, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
580 | 640 | +10.3% |
Summary: The Pompano Beach real estate market had 640 homes for sale in April 2024, a 10.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 84 | 95 | +13.1% |
2 Bedrooms | 241 | 262 | +8.7% |
3 Bedrooms | 181 | 204 | +12.7% |
4 Bedrooms | 50 | 54 | +8.0% |
5+ Bedrooms | 24 | 25 | +4.2% |
Summary: The Pompano Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.1%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 4.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
73 | 82 | +12.3% |
Asking Price vs. Sold Price
69 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 82 homes were sold or pending in Pompano Beach in April 2024, up by 12.3% month-over-month. Of the 82 sold homes, 84% were sold under asking, 9% were sold at asking, and 7% were sold over asking.
Days on Market for Pompano Beach, FL
How long does it take to sell a home in Pompano Beach, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 61 Days | +48.4% |
Summary: Homes in Pompano Beach had an average of 61 days on market in Apr 2024, up by 48.4% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Summary: During April 2024, 82 homes were sold in Pompano Beach; 40% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.