The median sale price of a home sold in April 2021 in Margate fell by $2,500 while total sales increased by 36.5%, according to BlockShopper.com.
In April 2021, there were 131 homes sold, with a median sale price of $200,000 - a 1.2% decrease over the $202,500 median sale price for the same period of the previous year. There were 96 homes sold in Margate in April 2020.
The median sales tax in Margate for the most recent year with available data, 2017, was $1,320, approximately 0.7% of the median home sale price for April 2021.
The following table compares Margate to other Broward County cities with similar median sale prices in April 2021:
| City | Apr. 2021 Home Sales | Apr. 2020 Home Sales | % change (Total Home Sales) | Apr. 2021 Median Sales Price | Apr. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Oakland Park | 126 | 66 | 90.9% | $245,500 | $197,500 | 24.3% |
| Tamarac | 215 | 132 | 62.9% | $239,900 | $215,500 | 11.3% |
| Uninc-33317/Broadview Park | 1 | 0 | - | $235,000 | $0 | - |
| Hallandale Beach | 208 | 80 | 160% | $232,500 | $158,500 | 46.7% |
| North Lauderdale | 67 | 44 | 52.3% | $223,000 | $199,500 | 11.8% |
| Margate | 131 | 96 | 36.5% | $200,000 | $202,500 | -1.2% |
| Dania Beach | 84 | 55 | 52.7% | $195,000 | $160,000 | 21.9% |
| Coconut Creek | 143 | 85 | 68.2% | $188,000 | $175,000 | 7.4% |
| Deerfield Beach | 280 | 143 | 95.8% | $186,250 | $145,000 | 28.4% |
| Pembroke Park | 11 | 2 | 450% | $137,000 | $187,000 | -26.7% |
| Lauderhill | 165 | 78 | 111.5% | $104,900 | $123,000 | -14.7% |
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