The median sale price of a home sold in January 2021 in Margate rose by $75,000 while total sales increased by 6.5%, according to BlockShopper.com.
In January 2021, there were 99 homes sold, with a median sale price of $227,000 - a 49.3% increase over the $152,000 median sale price for the same period of the previous year. There were 93 homes sold in Margate in January 2020.
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 January 2021.
The following table compares Margate to other Broward County cities with similar median sale prices in January 2021:
| City | Jan. 2021 Home Sales | Jan. 2020 Home Sales | % change (Total Home Sales) | Jan. 2021 Median Sales Price | Jan. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Pembroke Pines | 208 | 164 | 26.8% | $299,499.50 | $256,000 | 17% |
| Fort Lauderdale (unincorporated) | 12 | 15 | -20% | $254,500 | $206,900 | 23% |
| Pompano Beach | 224 | 221 | 1.4% | $250,000 | $232,500 | 7.5% |
| Sunrise | 173 | 140 | 23.6% | $248,000 | $139,100 | 78.3% |
| West Park | 21 | 22 | -4.5% | $240,000 | $176,800 | 35.7% |
| Margate | 99 | 93 | 6.5% | $227,000 | $152,000 | 49.3% |
| Tamarac | 150 | 150 | 0% | $218,500 | $175,500 | 24.5% |
| Oakland Park | 91 | 71 | 28.2% | $206,816.83 | $215,000 | -3.8% |
| North Lauderdale | 67 | 50 | 34% | $200,000 | $182,500 | 9.6% |
| Dania Beach | 57 | 47 | 21.3% | $198,000 | $188,475 | 5.1% |
| Coconut Creek | 95 | 92 | 3.3% | $185,000 | $173,750 | 6.5% |
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