Is Coral Springs-Margate, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Coral Springs-Margate is a buyer's market

Buyer's
Market

Difference Since November 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

$382,083

$272/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$32,075(+9.2%)

Key Takeaway

Homes in Coral Springs-Margate have sold for 9.2% more than they did a year ago.

Summary: The median home sold price in Coral Springs-Margate was $382,083 in November 2024, up 9.2% from last year, and the median price per square foot was $272.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $135K$140K
+3.7%
2 $245K$245K
0.0%
3 $424.2K$460K
+8.4%
4 $590K$650K
+10.2%
5+ $815K$770K
-5.5%

Summary: Coral Springs-Margate housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes did not change, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 5.5%.

Median Sold Price Compared To Nearby Cities

Tamarac
+11.3%
Coral Springs-Margate
+9.2%
Coral Springs
+8.2%
North Lauderdale
+8.1%
Margate
+2.9%

Housing Supply in Coral Springs-Margate, FL

How many homes are available in Coral Springs-Margate, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
788838+6.3%

Summary: The Coral Springs-Margate real estate market had 838 homes for sale in November 2024, a 6.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 6567
+3.1%
2 347383
+10.4%
3 240243
+1.3%
4 110117
+6.4%
5+ 2628
+7.7%

Summary: The Coral Springs-Margate housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 7.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
11976-36.1%

Asking Price vs. Sold Price

50 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Coral Springs-Margate, you may be able to get a good deal. 65.8% of homes here sold below asking price last month.

Summary: A total of 76 homes were sold or pending in Coral Springs-Margate in November 2024, down by 36.1% month-over-month. Of the 76 sold homes, 66% were sold under asking, 21% were sold at asking, and 13% 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

Nov 2023Nov 2024CHANGE
34 Days53 Days+55.1%

Summary: Homes in Coral Springs-Margate had an average of 53 days on market in Nov 2024, up by 55.1% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Coral Springs-Margate are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 76 homes were sold in Coral Springs-Margate; 47% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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