Is Tamarac, 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, Tamarac was a Seller's Market.
Housing Prices in Tamarac, FL
How much do homes in Tamarac, FL cost?
Median Sold Price
$315,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Tamarac was $315,000 in May 2024, up 6.6% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $126.5K | $140.1K | +10.8% |
2 Bedrooms | $260K | $265K | +1.9% |
3 Bedrooms | $420K | $423.7K | +0.9% |
4 Bedrooms | $540.5K | $558K | +3.2% |
5+ Bedrooms | $824.2K | $859.2K | +4.2% |
Summary: Tamarac housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
Lauderdale Lakes | $136.6K | $155.5K | +13.8% |
North Lauderdale | $307.5K | $345K | +12.2% |
Coral Springs-Margate | $330.3K | $362.5K | +9.8% |
Coral Springs | $518.3K | $555.5K | +7.2% |
Tamarac | $295.5K | $315K | +6.6% |
Housing Supply in Tamarac, FL
How many homes are available in Tamarac, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
363 | 411 | +13.2% |
Summary: The Tamarac real estate market had 411 homes for sale in May 2024, a 13.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 38 | 42 | +10.5% |
2 Bedrooms | 235 | 279 | +18.7% |
3 Bedrooms | 69 | 71 | +2.9% |
4 Bedrooms | 16 | 15 | -6.3% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Tamarac housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
58 | 52 | -10.3% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Tamarac in May 2024, down by 10.3% month-over-month. Of the 52 sold homes, 73% were sold under asking, 19% were sold at asking, and 8% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 54 Days | +62.8% |
Summary: Homes in Tamarac had an average of 54 days on market in May 2024, up by 62.8% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 52 homes were sold in Tamarac; 44% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.