Is Hallandale Beach, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hallandale Beach is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Hallandale Beach was a Seller's Market.

Key Takeaway

Hallandale Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Hallandale Beach, FL

How much do homes in Hallandale Beach, FL cost?

Median Sold Price

$310,000

$286/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$14,833(-4.6%)

Key Takeaway

Homes in Hallandale Beach have sold for 4.6% less than they did a year ago.

Summary: The median home sold price in Hallandale Beach was $310,000 in October 2024, down 4.6% from last year, and the median price per square foot was $286.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $235K$225K
-4.3%
2 $370K$340K
-8.1%
3 $612.5K$660K
+7.8%
4 $680K$675K
-0.7%
5+ $6.1M$3.7M
-38.9%

Summary: Hallandale Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 38.9%.

Median Sold Price Compared To Nearby Cities

Hollywood
+5.4%
Aventura
+1.1%
Hallandale Beach
-4.6%
Hallandale
-4.6%

Housing Supply in Hallandale Beach, FL

How many homes are available in Hallandale Beach, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
757870+14.9%

Summary: The Hallandale Beach real estate market had 870 homes for sale in October 2024, a 14.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 258303
+17.4%
2 365412
+12.9%
3 107125
+16.8%
4 1011
+10.0%
5+ 1719
+11.8%

Summary: The Hallandale Beach housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.4%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 11.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3652+44.4%

Asking Price vs. Sold Price

47 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hallandale Beach, you may be able to get a good deal. 90.4% of homes here sold below asking price last month.

Summary: A total of 52 homes were sold or pending in Hallandale Beach in October 2024, up by 44.4% month-over-month. Of the 52 sold homes, 90% were sold under asking, 8% were sold at asking, and 2% were sold over asking.

Days on Market for Hallandale Beach, FL

How long does it take to sell a home in Hallandale Beach, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
72 Days96 Days+32.4%

Summary: Homes in Hallandale Beach had an average of 96 days on market in Oct 2024, up by 32.4% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

25 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Hallandale Beach are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 52 homes were sold in Hallandale Beach; 29% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 48% 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 20 Days Ago

Newest Listings in Hallandale Beach, FL

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