Is Tamarac, 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, 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
$314,829
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Tamarac have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Tamarac was $314,829 in April 2024, up 5.2% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $126K | $140K | +11.1% |
| 2 Bedrooms | $260K | $265K | +1.9% |
| 3 Bedrooms | $417.5K | $425K | +1.8% |
| 4 Bedrooms | $530K | $572.5K | +8.0% |
| 5+ Bedrooms | $824.2K | $859.2K | +4.2% |
Summary: Tamarac housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Lauderdale Lakes | $136.6K | $153.5K | +12.4% |
| North Lauderdale | $310K | $338K | +9.0% |
| 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 Tamarac, FL
How many homes are available in Tamarac, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 355 | 392 | +10.4% |
Summary: The Tamarac real estate market had 392 homes for sale in April 2024, a 10.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 37 | 41 | +10.8% |
| 2 Bedrooms | 232 | 256 | +10.3% |
| 3 Bedrooms | 64 | 72 | +12.5% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Tamarac housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 42 | 49 | +16.7% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tamarac, you may be able to get a good deal. 79.6% of homes here sold below asking price last month.
Summary: A total of 49 homes were sold or pending in Tamarac in April 2024, up by 16.7% month-over-month. Of the 49 sold homes, 80% were sold under asking, 14% were sold at asking, and 6% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 40 Days | 50 Days | +24.6% |
Summary: Homes in Tamarac had an average of 50 days on market in Apr 2024, up by 24.6% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
9 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 April 2024, 49 homes were sold in Tamarac; 59% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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