$2,196 Closing Credit*
$184,900
925 SqFt
1 Bed
•2 Full Baths
Kathy A Critch, Listing Office: Ryan Critch Real Estate
Is Pompano Beach, 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, 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
$376,875
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,616(+6.1%)
Key Takeaway
Homes in Pompano Beach have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Pompano Beach was $376,875 in November 2024, up 6.1% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $184.9K | -5.2% |
| 2 Bedrooms | $305.3K | $315.7K | +3.4% |
| 3 Bedrooms | $419.3K | $442.6K | +5.5% |
| 4 Bedrooms | $485K | $682.4K | +40.7% |
| 5+ Bedrooms | $539.5K | $662K | +22.7% |
Summary: Pompano Beach housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 40.7%, and 5+ bedroom homes increased by 22.7%.
Median Sold Price Compared To Nearby Cities
| Pompano Beach | $355.2K | $376.8K | +6.1% |
| Deerfield Beach | $326.8K | $339K | +3.7% |
| Lighthouse Point | $727K | $750K | +3.2% |
Housing Supply in Pompano Beach, FL
How many homes are available in Pompano Beach, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 597 | 694 | +16.2% |
Summary: The Pompano Beach real estate market had 694 homes for sale in November 2024, a 16.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 85 | 95 | +11.8% |
| 2 Bedrooms | 233 | 270 | +15.9% |
| 3 Bedrooms | 197 | 241 | +22.3% |
| 4 Bedrooms | 61 | 63 | +3.3% |
| 5+ Bedrooms | 21 | 25 | +19.0% |
Summary: The Pompano Beach housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 22.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 51 | -12.1% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 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. 80.4% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Pompano Beach in November 2024, down by 12.1% month-over-month. Of the 51 sold homes, 80% were sold under asking, 16% were sold at asking, and 4% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 80 Days | +87.1% |
Summary: Homes in Pompano Beach had an average of 80 days on market in Nov 2024, up by 87.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Pompano Beach are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 51 homes were sold in Pompano Beach; 24% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.
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