How did home prices perform in Margate during January 2021?

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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

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:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
Pembroke Pines20816426.8%$299,499.50$256,00017%
Fort Lauderdale (unincorporated)1215-20%$254,500$206,90023%
Pompano Beach2242211.4%$250,000$232,5007.5%
West Park2122-4.5%$240,000$176,80035.7%
Oakland Park917128.2%$206,816.83$215,000-3.8%
North Lauderdale675034%$200,000$182,5009.6%
Dania Beach574721.3%$198,000$188,4755.1%
Coconut Creek95923.3%$185,000$173,7506.5%

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