Is Coconut Creek, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Coconut Creek was a Seller's Market.
Key Takeaway
Coconut Creek is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Coconut Creek, FL
How much do homes in Coconut Creek, FL cost?
Median Sold Price
$342,300
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Coconut Creek have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Coconut Creek was $342,300 in May 2024, up 8.8% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $205K | +57.7% |
| 2 Bedrooms | $250K | $265K | +6.0% |
| 3 Bedrooms | $468.9K | $486.2K | +3.7% |
| 4 Bedrooms | $590K | $640K | +8.5% |
| 5+ Bedrooms | $740K | $717.5K | -3.0% |
Summary: Coconut Creek housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.7%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 3%.
Median Sold Price Compared To Nearby Cities
| Coral Springs-Margate | $330.3K | $362.5K | +9.8% |
| Coconut Creek | $314.5K | $342.3K | +8.8% |
| Sunshine Parkway | $572.8K | $613.8K | +7.2% |
| Margate | $325.8K | $347.6K | +6.7% |
Housing Supply in Coconut Creek, FL
How many homes are available in Coconut Creek, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 212 | 244 | +15.1% |
Summary: The Coconut Creek real estate market had 244 homes for sale in May 2024, a 15.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 15 | -11.8% |
| 2 Bedrooms | 111 | 136 | +22.5% |
| 3 Bedrooms | 56 | 64 | +14.3% |
| 4 Bedrooms | 23 | 24 | +4.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Coconut Creek housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.8%, 2 bedroom homes increased by 22.5%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 26 | -3.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coconut Creek, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Coconut Creek in May 2024, down by 3.7% month-over-month. Of the 26 sold homes, 69% were sold under asking, 15% were sold at asking, and 15% were sold over asking.
Days on Market for Coconut Creek, FL
How long does it take to sell a home in Coconut Creek, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 29 Days | -15.3% |
Summary: Homes in Coconut Creek had an average of 29 days on market in May 2024, down by 15.3% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Coconut Creek are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 26 homes were sold in Coconut Creek; 58% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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