The median sale price of a home sold in January 2020 in Margate fell by $18,000 while total sales decreased by 2.1%, according to BlockShopper.com.
In January 2020, there were 93 homes sold, with a median sale price of $152,000 - a 10.6% decrease over the $170,000 median sale price for the same period of the previous year. There were 95 homes sold in Margate in January 2019.
The median sales tax in Margate for the most recent year with available data, 2017, was $1,320, approximately 0.9% of the median home sale price for January 2020.
The following table compares Margate to other Broward County cities with similar median sales prices in January 2020:
| City | Jan. 2020 Home Sales | Jan. 2019 Home Sales | % change (Total Home Sales) | Jan. 2020 Median Sales Price | Jan. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Dania Beach | 47 | 42 | 11.9% | $188,475 | $215,000 | -12.3% |
| North Lauderdale | 50 | 43 | 16.3% | $182,500 | $170,000 | 7.4% |
| West Park | 22 | 28 | -21.4% | $176,800 | $179,850 | -1.7% |
| Tamarac | 150 | 131 | 14.5% | $175,500 | $185,000 | -5.1% |
| Coconut Creek | 92 | 76 | 21.1% | $173,750 | $157,200 | 10.5% |
| Margate | 93 | 95 | -2.1% | $152,000 | $170,000 | -10.6% |
| Deerfield Beach | 140 | 161 | -13% | $143,700 | $144,300 | -0.4% |
| Sunrise | 140 | 139 | 0.7% | $139,100 | $215,000 | -35.3% |
| Lauderhill | 133 | 132 | 0.8% | $107,000 | $89,500 | 19.6% |
| Lauderdale Lakes | 46 | 56 | -17.9% | $83,500 | $60,000 | 39.2% |
| Pembroke Park | 8 | 11 | -27.3% | $72,500 | $153,000 | -52.6% |
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