$4,988 Closing Credit*
$420,000
1,692 SqFt
2 Beds
•2 Full Baths
Marc Kaplan, Listing Office: The Keyes Company
Is Coral Springs-Margate, 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-Margate was a Seller's Market.
Key Takeaway
Coral Springs-Margate is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Coral Springs-Margate, FL
How much do homes in Coral Springs-Margate, FL cost?
Median Sold Price
$378,317
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,990(+8.3%)
Key Takeaway
Homes in Coral Springs-Margate have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Coral Springs-Margate was $378,317 in October 2024, up 8.3% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136K | $140K | +2.9% |
| 2 Bedrooms | $243.3K | $245K | +0.7% |
| 3 Bedrooms | $420K | $459.9K | +9.5% |
| 4 Bedrooms | $585K | $645K | +10.3% |
| 5+ Bedrooms | $820K | $770K | -6.1% |
Summary: Coral Springs-Margate housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 6.1%.
Median Sold Price Compared To Nearby Cities
| Tamarac | $299K | $330K | +10.3% |
| Coral Springs | $529.3K | $582.1K | +10.0% |
| Coral Springs-Margate | $349.3K | $378.3K | +8.3% |
| North Lauderdale | $333.8K | $350.5K | +5.0% |
| Margate | $339.8K | $349.2K | +2.8% |
Housing Supply in Coral Springs-Margate, FL
How many homes are available in Coral Springs-Margate, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 777 | 805 | +3.6% |
Summary: The Coral Springs-Margate real estate market had 805 homes for sale in October 2024, a 3.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 67 | 68 | +1.5% |
| 2 Bedrooms | 336 | 356 | +6.0% |
| 3 Bedrooms | 235 | 244 | +3.8% |
| 4 Bedrooms | 116 | 110 | -5.2% |
| 5+ Bedrooms | 23 | 27 | +17.4% |
Summary: The Coral Springs-Margate housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 17.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 109 | 100 | -8.3% |
Asking Price vs. Sold Price
64 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coral Springs-Margate, you may be able to get a good deal. 64% of homes here sold below asking price last month.
Summary: A total of 100 homes were sold or pending in Coral Springs-Margate in October 2024, down by 8.3% month-over-month. Of the 100 sold homes, 64% were sold under asking, 20% were sold at asking, and 16% were sold over asking.
Days on Market for Coral Springs-Margate, FL
How long does it take to sell a home in Coral Springs-Margate, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 59 Days | +95.3% |
Summary: Homes in Coral Springs-Margate had an average of 59 days on market in Oct 2024, up by 95.3% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coral Springs-Margate are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 100 homes were sold in Coral Springs-Margate; 50% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.