Median Sale Price Average Sale Price
Monthly Market Detail - June 2024 Single-Family Homes Broward County
Median Sale Price
The median sale price reported for the month ( i . e . 50 % of sales were above and 50 % of sales were below )
Economists ' note : Median Sale Price is our preferred summary statistic for price activity because , unlike Average Sale Price , Median Sale Price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area . Keep in mind that median price trends over time are not always solely caused by changes in the general value of local real estate . Median sale price only reflects the values of the homes that sold each month , and the mix of the types of homes that sell can change over time .
Month |
Median Sale Price |
Percent Change
Year-over-Year
|
Year-to-Date |
$ 620,050 |
7.5 % |
June 2024 |
$ 640,000 |
4.1 % |
May 2024 |
$ 625,000 |
6.8 % |
April 2024 |
$ 635,000 |
10.4 % |
March 2024 |
$ 607,000 |
7.4 % |
February 2024 |
$ 625,000 |
11.6 % |
January 2024 |
$ 575,000 |
6.5 % |
December 2023 |
$ 570,000 |
7.5 % |
November 2023 |
$ 600,000 |
11.1 % |
October 2023 |
$ 575,000 |
6.5 % |
September 2023 |
$ 602,000 |
6.5 % |
August 2023 |
$ 600,000 |
6.7 % |
July 2023 |
$ 600,000 |
0.0 % |
June 2023 |
$ 615,000 |
4.2 % |
$ 700K $ 600K $ 500K $ 400K $ 300K $ 200K $ 100K
$ 0K
2020 2021 2022 2023
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J
Average Sale Price
The average sale price reported for the month ( i . e . total sales in dollars divided by the number of sales )
Economists ' note : Usually , we prefer Median Sale Price over Average Sale Price as a summary statistic for home prices . However , Average Sale Price does have its uses — particularly when it is analyzed alongside the Median Sale Price . For one , the relative difference between the two statistics can provide some insight into the market for higher-end homes in an area .
Month |
Average Sale Price |
Percent Change
Year-over-Year
|
Year-to-Date |
$ 843,732 |
9.7 % |
June 2024 |
$ 830,962 |
1.0 % |
May 2024 |
$ 859,565 |
10.2 % |
April 2024 |
$ 837,680 |
14.2 % |
March 2024 |
$ 863,028 |
12.1 % |
February 2024 |
$ 866,568 |
17.5 % |
January 2024 |
$ 790,126 |
5.9 % |
December 2023 |
$ 749,004 |
5.6 % |
November 2023 |
$ 789,671 |
14.0 % |
October 2023 |
$ 814,146 |
17.4 % |
September 2023 |
$ 838,538 |
15.2 % |
August 2023 |
$ 799,542 |
7.2 % |
July 2023 |
$ 794,965 |
1.2 % |
June 2023 |
$ 823,005 |
-0.1% |
$ 1000K $ 800K $ 600K $ 400K $ 200K
$ 0K
2020 2021 2022 2023
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J
Produced by Florida Realtors ® with data provided by Florida ' s multiple listing services . Statistics for each month compiled from MLS feeds on the 15th day of the following month . Data released on Tuesday , July 23 , 2024 . Next data release is Thursday , August 22 , 2024 .