Margate home prices rise in September 2020

Medium realestate4

The median sale price of a home sold in September 2020 in Margate rose by $12,450 while total sales decreased by 4.2%, according to

In September 2020, there were 114 homes sold, with a median sale price of $227,450 - a 5.8% increase over the $215,000 median sale price for the same period of the previous year. There were 119 homes sold in Margate in September 2019.

The median sales tax in Margate for the most recent year with available data, 2017, was $1,320, approximately 0.6% of the median home sale price for September 2020.

The following table compares Margate to other Broward County cities with similar median sales prices in September 2020:

CitySept. 2020 Home SalesSept. 2019 Home Sales% change (Total Home Sales)Sept. 2020 Median Sales PriceSept. 2019 Median Sales Price% change (Median Sales Price)
Oakland Park11610213.7%$264,000$217,25021.5%
Dania Beach4456-21.4%$261,239.50$239,5009.1%
Fort Lauderdale (unincorporated)1824-25%$260,550$177,00047.2%
Pompano Beach25921719.4%$235,000$199,00018.1%
West Park2027-25.9%$206,245$230,000-10.3%
Hallandale Beach1339441.5%$205,000$180,00013.9%
Deerfield Beach168169-0.6%$202,750$150,00035.2%
North Lauderdale705722.8%$201,000$197,0002%

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