MONTH OF SEPTEMBER 2024
Closed Sales: 78
Median Sold Price: $692,000
Market activity in Coral Springs did not change much in September 2024 compared to the same time last year. The number of single-family homes sold was the same at 78 homes. This includes 10 homes that were purchased by cash buyers. The median price decreased only slightly by ↓0.3% from $694,000 to $692,000.
How long did it take for these homes to get sold?
These listings were on the market longer before going under contract compared to last year. The median time between listing date and the date when offers were accepted (contract date) was more than double at 38 days. The median time between their listing date and closing date was 2.6 months or 77 days. (Closing Date = Sold Date)
The median is the midpoint value where half the homes are in the upper range and the other half in the lower range.
Getting closer to a balanced market
The inventory of Coral Springs homes for sale was at 3.9 months worth of supply by the end of September 2024. There are more homes on the market than last year when months of supply was at 1.9 months. (Months' Supply of Inventory = how long it would take to deplete the inventory given the rate of recent sales. The benchmark for a balanced market is 5.5 months.)
💰 THE HIGHEST SOLD PRICE recorded was $1,420,000 for a one-story custom-built home on almost 1/2 acre in The Falls of Heron Bay - Coral Springs. It has 5 bedrooms, 4 bathrooms and an expansive living area of 3,334 square feet. Features include a screened-in pool and spa, new gourmet kitchen, coffered ceiling in the primary suite, etc. 🔍 Luxury Million Dollar Homes in Coral Springs
SELLING OR BUYING A HOME IN CORAL SPRINGS You can call us directly at 561.245.1710 or use our contact form. We are here to help! — Pierre J. Denis, Your Local REALTOR®
