Broward County Market Report Broward County Market Report | Page 4

Median Sale Price Average Sale Price
Monthly Market Detail - April 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
$ 615,000
9.8 %
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 %
May 2023
$ 585,000
-0.2%
April 2023
$ 575,000
2.7 %
$ 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

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
$ 842,358
12.5 %
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%
May 2023
$ 779,773
-5.9%
April 2023
$ 733,294
-5.7%
$ 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
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 Wednesday , May 22 , 2024 . Next data release is Friday , June 21 , 2024 .