Housing Market Activity Month of December 2023
Sales
The median sold price for single-family homes in Parkland is $1,187,500 with 38 closed sales.
A total of 38 listings were sold in December 2023 with a median price of $1,187,500. Sold prices ranged from $700,000 (5BR/3BA waterfront home in Lakes at Parkland) to $2,900,000 (6BR/5.5BA home with pool on more than 1 acre in Pine Tree Estates).
The median value is the midpoint where half the homes sold for more, the other half for less.
Pending
Twenty-six (26) homes were pending sale as of December 31 — down from last month's 34 homes.
"Pending" status means the property is under contract, the contingencies have been satisfied (or waived) and the parties are just waiting to close.
Inventory
ACTIVE INVENTORY
Parkland is at 2.5 months' supply of inventory with 97 active listings priced between $739,900 and $7,500,000. Month-end inventory is lower compared to last month's 106.
ACTIVE WITH CONTRACT
Sellers of 7 listings were open to back-up offers as of December 31, 2023.
"Active with Contract" status means the property is under contract with contingencies but the seller is keeping the property on the market for back-up offers. The back-up offer will be next in line if the first deal falls through i.e. its contingencies are not removed.
Sales Trend 6 Months vs. Year-Over-Year
Compared to the same time last year, the number of sales increased 16.53% to 282 and the median sold price increased 3.18% to $1,135,000.
July 2023-December 2023
Total Closed Sales: 282 |
+16.53% YoY vs. 242 |
Median Price: $1,135,000 |
+3.18% YoY vs. $1,100,000 |
Median Price/ft²: $360.34 |
+4.33% YoY vs. $345.38 |
Highest Sold Price: $5.5 million |
+40.13% YoY vs. $3,925,000 |
Lowest Sold Price: $598,500 |
+3.91% YoY vs. $576,000 |
Average Days on Market: 44 Days |
+18.92% YoY vs. 37 |
Data is from the Southeast Florida MLS as of January 16, 2024. Information is deemed accurate but not warranted.
Real Estate Market Parkland FL Month of December 2023 | We share how active the housing market is by presenting the local price trends, sales and inventory statistics based on our local MLS.
