$10,000 Closing Credit*
$2,495,000
4,622 SqFt
6 Beds
•7 Full Baths, 7 Partial
Blake B Rayner, Listing Office: Sutter & Nugent LLC
Is Coral Springs, 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, Coral Springs was a Seller's Market.
Key Takeaway
Coral Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Coral Springs, FL
How much do homes in Coral Springs, FL cost?
Median Sold Price
$584,428
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$44,428(+8.2%)
Key Takeaway
Homes in Coral Springs have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Coral Springs was $584,428 in November 2024, up 8.2% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $195K | +8.3% |
| 2 Bedrooms | $225K | $235K | +4.4% |
| 3 Bedrooms | $485K | $549K | +13.2% |
| 4 Bedrooms | $670K | $710K | +6.0% |
| 5+ Bedrooms | $885.5K | $850K | -4.0% |
Summary: Coral Springs housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Cities
| Coconut Creek | $325K | $380K | +16.9% |
| Coral Springs-Margate | $350K | $382K | +9.2% |
| Coral Springs | $540K | $584.4K | +8.2% |
| Margate | $340.2K | $350K | +2.9% |
| Parkland | $1.0M | $1.0M | +1.9% |
Housing Supply in Coral Springs, FL
How many homes are available in Coral Springs, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 391 | 420 | +7.4% |
Summary: The Coral Springs real estate market had 420 homes for sale in November 2024, a 7.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 30 | 35 | +16.7% |
| 2 Bedrooms | 108 | 112 | +3.7% |
| 3 Bedrooms | 119 | 127 | +6.7% |
| 4 Bedrooms | 97 | 105 | +8.2% |
| 5+ Bedrooms | 37 | 41 | +10.8% |
Summary: The Coral Springs housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 10.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 | 33 | -36.5% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coral Springs, you may be able to get a good deal. 75.8% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Coral Springs in November 2024, down by 36.5% month-over-month. Of the 33 sold homes, 76% were sold under asking, 9% were sold at asking, and 15% were sold over asking.
Days on Market for Coral Springs, FL
How long does it take to sell a home in Coral Springs, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 47 Days | +55.5% |
Summary: Homes in Coral Springs had an average of 47 days on market in Nov 2024, up by 55.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coral Springs are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 33 homes were sold in Coral Springs; 45% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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