$3,028 Closing Credit*
$255,000
1,500 SqFt
2 Beds
•2 Full Baths
Sommer Norris, Listing Office: Avanti Way Premiere
Is Tamarac, 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, Tamarac was a Seller's Market.
Key Takeaway
Tamarac is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tamarac, FL
How much do homes in Tamarac, FL cost?
Median Sold Price
$335,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,880(+11.3%)
Key Takeaway
Homes in Tamarac have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in Tamarac was $335,000 in November 2024, up 11.3% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $150K | +15.4% |
| 2 Bedrooms | $265.5K | $275K | +3.6% |
| 3 Bedrooms | $425K | $430K | +1.2% |
| 4 Bedrooms | $580K | $570K | -1.7% |
| 5+ Bedrooms | $853.6K | $874.5K | +2.4% |
Summary: Tamarac housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
| Lauderdale Lakes | $145K | $175K | +20.7% |
| Tamarac | $301.1K | $335K | +11.3% |
| Coral Springs-Margate | $350K | $382K | +9.2% |
| Coral Springs | $540K | $584.4K | +8.2% |
| North Lauderdale | $335K | $362K | +8.1% |
Housing Supply in Tamarac, FL
How many homes are available in Tamarac, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 383 | 419 | +9.4% |
Summary: The Tamarac real estate market had 419 homes for sale in November 2024, a 9.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 37 | 33 | -10.8% |
| 2 Bedrooms | 250 | 286 | +14.4% |
| 3 Bedrooms | 71 | 79 | +11.3% |
| 4 Bedrooms | 21 | 17 | -19.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Tamarac housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10.8%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 11.3%, 4 bedroom homes decreased by 19%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 | 28 | -47.2% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tamarac, you may be able to get a good deal. 67.9% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Tamarac in November 2024, down by 47.2% month-over-month. Of the 28 sold homes, 68% were sold under asking, 25% were sold at asking, and 7% were sold over asking.
Days on Market for Tamarac, FL
How long does it take to sell a home in Tamarac, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 65 Days | +82.9% |
Summary: Homes in Tamarac had an average of 65 days on market in Nov 2024, up by 82.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tamarac has remained consistent over time.
Summary: During November 2024, 28 homes were sold in Tamarac; 32% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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