$10,000 Closing Credit*
$945,000
1,710 SqFt
3 Beds
•3 Full Baths
Martine Marcel, Listing Office: The Keyes Company
Is Broward County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Broward County was a Seller's Market.
Key Takeaway
Broward County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Broward County, FL
How much do homes in Broward County, FL cost?
Median Sold Price
$447,738
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$37,656(+9.2%)
Key Takeaway
Homes in Broward County have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Broward County was $447,738 in October 2024, up 9.2% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $175.8K | 0.5% |
| 2 Bedrooms | $287.3K | $295.4K | +2.8% |
| 3 Bedrooms | $475.2K | $513.5K | +8.1% |
| 4 Bedrooms | $663.2K | $700K | +5.5% |
| 5+ Bedrooms | $1.0M | $1.1M | +9.5% |
Summary: Broward County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Counties
| Palm Beach County | $456.8K | $499.6K | +9.4% |
| Broward County | $410K | $447.7K | +9.2% |
| Miami-Dade County | $505.8K | $549.7K | +8.7% |
| Collier County | $630K | $648.7K | +3.0% |
| Hendry County | $311.9K | $300.6K | -3.6% |
Housing Supply in Broward County, FL
How many homes are available in Broward County, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9,508 | 10,455 | +10.0% |
Summary: The Broward County real estate market had 10,455 homes for sale in October 2024, a 10.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1,453 | 1,644 | +13.1% |
| 2 Bedrooms | 3,699 | 4,107 | +11.0% |
| 3 Bedrooms | 2,486 | 2,708 | +8.9% |
| 4 Bedrooms | 1,206 | 1,260 | +4.5% |
| 5+ Bedrooms | 664 | 736 | +10.8% |
Summary: The Broward County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.1%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 10.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 987 | 864 | -12.5% |
Asking Price vs. Sold Price
641 Homes Were Sold
Under Asking
135 Homes Were Sold
At Asking
88 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Broward County, you may be able to get a good deal. 74.2% of homes here sold below asking price last month.
Summary: A total of 864 homes were sold or pending in Broward County in October 2024, down by 12.5% month-over-month. Of the 864 sold homes, 74% were sold under asking, 16% were sold at asking, and 10% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 65 Days | +44.3% |
Summary: Homes in Broward County had an average of 65 days on market in Oct 2024, up by 44.3% compared to last year.
Breakdown of Home Sale Times
355 Homes Were Sold
Under 30 Days
280 Homes Were Sold
In 30 - 90 Days
229 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Broward County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 864 homes were sold in Broward County; 41% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.
Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.