$6,234 Closing Credit*
$525,000
1,294 SqFt
3 Beds
•2 Full Baths
Jose Enriquez, Listing Office: LoKation
Is Margate, 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, Margate was a Seller's Market.
Key Takeaway
Margate is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Margate, FL
How much do homes in Margate, FL cost?
Median Sold Price
$350,000
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,750(+2.9%)
Key Takeaway
Homes in Margate have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Margate was $350,000 in November 2024, up 2.9% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $108K | $107K | -0.9% |
| 2 Bedrooms | $210K | $225K | +7.1% |
| 3 Bedrooms | $442.5K | $463.5K | +4.7% |
| 4 Bedrooms | $515K | $557.5K | +8.3% |
| 5+ Bedrooms | $475K | $522.5K | +10.0% |
Summary: Margate housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 10%.
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% |
| North Lauderdale | $335K | $362K | +8.1% |
| Margate | $340.2K | $350K | +2.9% |
Housing Supply in Margate, FL
How many homes are available in Margate, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 216 | 232 | +7.4% |
Summary: The Margate real estate market had 232 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 | 31 | 32 | +3.2% |
| 2 Bedrooms | 109 | 123 | +12.8% |
| 3 Bedrooms | 50 | 49 | -2.0% |
| 4 Bedrooms | 24 | 26 | +8.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Margate housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 12.8%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 21 | -38.2% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Margate, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Margate in November 2024, down by 38.2% month-over-month. Of the 21 sold homes, 48% were sold under asking, 38% were sold at asking, and 14% were sold over asking.
Days on Market for Margate, FL
How long does it take to sell a home in Margate, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 58 Days | +44.5% |
Summary: Homes in Margate had an average of 58 days on market in Nov 2024, up by 44.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Margate are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in Margate; 52% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 19% 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.