Is Broward County, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Broward County is a buyer's market

Buyer's
Market

Difference Since November 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

$449,480

$309/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$34,647(+8.4%)

Key Takeaway

Homes in Broward County have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in Broward County was $449,480 in November 2024, up 8.4% from last year, and the median price per square foot was $309.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $175K$178.7K
+2.1%
2 $289.9K$295.9K
+2.1%
3 $479.7K$513.8K
+7.1%
4 $666.7K$699.9K
+5.0%
5+ $1.0M$1.1M
+6.2%

Summary: Broward County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 6.2%.

Median Sold Price Compared To Nearby Counties

Palm Beach County
+8.9%
Broward County
+8.4%
Miami-Dade County
+7.7%
Collier County
+3.2%
Hendry County
-3.0%

Housing Supply in Broward County, FL

How many homes are available in Broward County, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9,86610,857+10.0%

Summary: The Broward County real estate market had 10,857 homes for sale in November 2024, a 10.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1,5401,736
+12.7%
2 3,8804,285
+10.4%
3 2,5622,791
+8.9%
4 1,2061,312
+8.8%
5+ 678733
+8.1%

Summary: The Broward County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.7%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 8.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1,005797-20.7%

Asking Price vs. Sold Price

593 Homes Were Sold
Under Asking

145 Homes Were Sold
At Asking

59 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Broward County, you may be able to get a good deal. 74.4% of homes here sold below asking price last month.

Summary: A total of 797 homes were sold or pending in Broward County in November 2024, down by 20.7% month-over-month. Of the 797 sold homes, 74% were sold under asking, 18% were sold at asking, and 7% 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

Nov 2023Nov 2024CHANGE
42 Days65 Days+54.4%

Summary: Homes in Broward County had an average of 65 days on market in Nov 2024, up by 54.4% compared to last year.

Breakdown of Home Sale Times

299 Homes Were Sold
Under 30 Days

294 Homes Were Sold
In 30 - 90 Days

204 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Broward County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 797 homes were sold in Broward County; 38% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Broward County, FL

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