$7,244 Closing Credit*
$610,000
2,220 SqFt
4 Beds
•2 Full Baths, 1 Partial
Donavon Johnson, Listing Office: MATRIX INTERNATIONAL REALTY
Is Coconut Creek, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Coconut Creek was a Seller's Market.
Key Takeaway
Coconut Creek is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Coconut Creek, FL
How much do homes in Coconut Creek, FL cost?
Median Sold Price
$380,000
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$55,000(+16.9%)
Key Takeaway
Homes in Coconut Creek have sold for 16.9% more than they did a year ago.
Summary: The median home sold price in Coconut Creek was $380,000 in November 2024, up 16.9% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135.7K | $152K | +12.0% |
| 2 Bedrooms | $259.5K | $263.5K | +1.5% |
| 3 Bedrooms | $450K | $505K | +12.2% |
| 4 Bedrooms | $580K | $632.5K | +9.1% |
| 5+ Bedrooms | $732.7K | $730.5K | -0.3% |
Summary: Coconut Creek housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 0.3%.
Median Sold Price Compared To Nearby Cities
| Coconut Creek | $325K | $380K | +16.9% |
| Coral Springs-Margate | $350K | $382K | +9.2% |
| Sunshine Parkway | $588.5K | $622.8K | +5.8% |
| Margate | $340.2K | $350K | +2.9% |
Housing Supply in Coconut Creek, FL
How many homes are available in Coconut Creek, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 228 | 261 | +14.5% |
Summary: The Coconut Creek real estate market had 261 homes for sale in November 2024, a 14.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 16 | +23.1% |
| 2 Bedrooms | 125 | 149 | +19.2% |
| 3 Bedrooms | 71 | 72 | +1.4% |
| 4 Bedrooms | 18 | 23 | +27.8% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Coconut Creek housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 23 | +21.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Coconut Creek, you may be able to get a good deal. 69.6% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Coconut Creek in November 2024, up by 21.1% month-over-month. Of the 23 sold homes, 70% were sold under asking, 26% were sold at asking, and 4% were sold over asking.
Days on Market for Coconut Creek, FL
How long does it take to sell a home in Coconut Creek, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 45 Days | +35.8% |
Summary: Homes in Coconut Creek had an average of 45 days on market in Nov 2024, up by 35.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coconut Creek are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 23 homes were sold in Coconut Creek; 43% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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