Broward County Real Estate Market Update

Broward County Real Estate Market Update

There are currently 20,095 homes for sale, ranging from $7 to $36.3M in Broward County as of 4/30/2019.

The median home value in Broward County is $265,400. Broward County home values have gone up 6.5% over the past year and Zillow predicts they will rise 3.7% within the next year.

The median list price per square foot in Broward County is $191, which is lower than the Miami-Fort Lauderdale-West Palm Beach Metro average of $221.

The median price of homes currently listed in Broward County is $299,900 while the median price of homes that sold is $255,700.

The median rent price in Broward County is $1,895, which is lower than the Miami-Fort Lauderdale-West Palm Beach Metro median of $2,100.

Homes for Sale in Broward County, FL

There are 20,095 homes for sale in Broward County, FL, 1,212 of which were newly listed within the last week. Additionally, there are 7,218 rentals up to $1M per month.

There are 85 cities in Broward County. Parkland has a median listing price of $464K, making it the most expensive city. Ldhl is the most affordable city, with a median listing price of $143K.

Foreclosure Trends in Broward County

Broward County’s foreclosure rate is currently at 0.09%, which is higher than the state of Florida’s foreclosure rate of 0.07% and more than double the National foreclosure rate of 0.04%.

Pre Foreclosures in Broward County are up 38% since last month and 40.6% since last year.

Auction Foreclosures are up 26% since last month and 2.3% since last year.

Bank Owned Foreclosures are up 14.7% since last month and down 47.4% since last year.

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