$10,000 Closing Credit*
$945,000
1,710 SqFt
3 Beds
•3 Full Baths
Martine Marcel, Listing Office: The Keyes Company
Is Pompano Beach, 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, Pompano Beach was a Seller's Market.
Key Takeaway
Pompano Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pompano Beach, FL
How much do homes in Pompano Beach, FL cost?
Median Sold Price
$373,000
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,840(+5.9%)
Key Takeaway
Homes in Pompano Beach have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Pompano Beach was $373,000 in October 2024, up 5.9% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $184.9K | -5.2% |
| 2 Bedrooms | $299.8K | $322K | +7.4% |
| 3 Bedrooms | $415K | $433.6K | +4.5% |
| 4 Bedrooms | $499K | $685K | +37.3% |
| 5+ Bedrooms | $500K | $630K | +26.0% |
Summary: Pompano Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 37.3%, and 5+ bedroom homes increased by 26%.
Median Sold Price Compared To Nearby Cities
| Pompano Beach | $352.1K | $373K | +5.9% |
| Deerfield Beach | $320K | $335.1K | +4.7% |
| Lighthouse Point | $730K | $730K | 0.0% |
Housing Supply in Pompano Beach, FL
How many homes are available in Pompano Beach, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 582 | 640 | +10.0% |
Summary: The Pompano Beach real estate market had 640 homes for sale in October 2024, a 10.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 82 | 93 | +13.4% |
| 2 Bedrooms | 232 | 255 | +9.9% |
| 3 Bedrooms | 192 | 205 | +6.8% |
| 4 Bedrooms | 54 | 64 | +18.5% |
| 5+ Bedrooms | 22 | 23 | +4.5% |
Summary: The Pompano Beach housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.4%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 4.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 62 | 48 | -22.6% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pompano Beach, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in Pompano Beach in October 2024, down by 22.6% month-over-month. Of the 48 sold homes, 83% were sold under asking, 4% were sold at asking, and 13% were sold over asking.
Days on Market for Pompano Beach, FL
How long does it take to sell a home in Pompano Beach, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 54 Days | +25.1% |
Summary: Homes in Pompano Beach had an average of 54 days on market in Oct 2024, up by 25.1% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pompano Beach are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 48 homes were sold in Pompano Beach; 50% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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