Is Parkland, 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, Parkland was a Seller's Market.
Housing Prices in Parkland, FL
How much do homes in Parkland, FL cost?
Median Sold Price
$1,030,000
$353/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Parkland was $1,030,000 in May 2024, up 1.5% from last year, and the median price per square foot was $353.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $802.5K | $850K | +5.9% |
3 Bedrooms | $715K | $743.5K | +4.0% |
4 Bedrooms | $876K | $1.0M | +15.3% |
5+ Bedrooms | $1.3M | $1.3M | +0.9% |
Summary: Parkland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Cities
Coconut Creek | $314.5K | $342.3K | +8.8% |
Coral Springs | $518.3K | $555.5K | +7.2% |
Sunshine Parkway | $572.8K | $613.8K | +7.2% |
Parkland | $1.0M | $1.0M | +1.5% |
Housing Supply in Parkland, FL
How many homes are available in Parkland, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
92 | 106 | +15.2% |
Summary: The Parkland real estate market had 106 homes for sale in May 2024, a 15.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 22 | 28 | +27.3% |
4 Bedrooms | 21 | 27 | +28.6% |
5+ Bedrooms | 45 | 47 | +4.4% |
Summary: The Parkland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 4.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 16 | +14.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Parkland in May 2024, up by 14.3% month-over-month. Of the 16 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for Parkland, FL
How long does it take to sell a home in Parkland, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 49 Days | +28.5% |
Summary: Homes in Parkland had an average of 49 days on market in May 2024, up by 28.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in Parkland; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.