$3,622 Closing Credit*
$305,000
984 SqFt
2 Beds
•2 Full Baths
Jorge Macaya, Listing Office: Canvas Real Estate
Is Coral Springs, 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 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
$582,166
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$52,833(+10.0%)
Key Takeaway
Homes in Coral Springs have sold for 10% more than they did a year ago.
Summary: The median home sold price in Coral Springs was $582,166 in October 2024, up 10% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $177.5K | $195K | +9.9% |
| 2 Bedrooms | $220K | $235K | +6.8% |
| 3 Bedrooms | $480K | $540K | +12.5% |
| 4 Bedrooms | $665K | $709.8K | +6.7% |
| 5+ Bedrooms | $882.5K | $850.5K | -3.6% |
Summary: Coral Springs housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.9%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Coconut Creek | $325K | $365.5K | +12.5% |
| Coral Springs | $529.3K | $582.1K | +10.0% |
| Coral Springs-Margate | $349.3K | $378.3K | +8.3% |
| Margate | $339.8K | $349.2K | +2.8% |
| Parkland | $1.0M | $1.0M | 0.0% |
Housing Supply in Coral Springs, FL
How many homes are available in Coral Springs, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 386 | 406 | +5.2% |
Summary: The Coral Springs real estate market had 406 homes for sale in October 2024, a 5.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 29 | 31 | +6.9% |
| 2 Bedrooms | 99 | 111 | +12.1% |
| 3 Bedrooms | 121 | 129 | +6.6% |
| 4 Bedrooms | 101 | 96 | -5.0% |
| 5+ Bedrooms | 36 | 39 | +8.3% |
Summary: The Coral Springs housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 6.6%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 48 | -4.0% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 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. 70.8% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in Coral Springs in October 2024, down by 4.0% month-over-month. Of the 48 sold homes, 71% were sold under asking, 17% were sold at asking, and 13% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 58 Days | +112.5% |
Summary: Homes in Coral Springs had an average of 58 days on market in Oct 2024, up by 112.5% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Coral Springs has remained consistent over time.
Summary: During October 2024, 48 homes were sold in Coral Springs; 40% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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