$10,000 Closing Credit*
$1,099,500
2,882 SqFt
Ikem Obi, Listing Office: United Realty Group Inc
Is Coral Ridge, 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, Coral Ridge was a Seller's Market.
Key Takeaway
Coral Ridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Coral Ridge, FL
How much do homes in Coral Ridge, FL cost?
Median Sold Price
$1,487,529
$538/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$387,529(+35.2%)
Key Takeaway
Homes in Coral Ridge have sold for 35.2% more than they did a year ago.
Summary: The median home sold price in Coral Ridge was $1,487,529 in October 2024, up 35.2% from last year, and the median price per square foot was $538.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $222K | +53.1% |
| 2 Bedrooms | $465.2K | $438.7K | -5.7% |
| 3 Bedrooms | $1.2M | $1.1M | -8.7% |
| 4 Bedrooms | $2.3M | $2.6M | +10.3% |
| 5+ Bedrooms | $4.3M | $3.0M | -31.4% |
Summary: Coral Ridge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.1%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 31.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Coral Ridge Country Club Estates | $365K | $500K | +37.0% |
| Coral Ridge | $1.1M | $1.4M | +35.2% |
Housing Supply in Coral Ridge, FL
How many homes are available in Coral Ridge, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 35 | +16.7% |
Summary: The Coral Ridge real estate market had 35 homes for sale in October 2024, a 16.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Coral Ridge housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coral Ridge, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Coral Ridge in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Coral Ridge, FL
How long does it take to sell a home in Coral Ridge, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 136 Days | 51 Days | -62.1% |
Summary: Homes in Coral Ridge had an average of 51 days on market in Oct 2024, down by 62.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Coral Ridge are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Coral Ridge; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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