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Sunday, March 16, 2025

Broward County home valuations rose in January compared to the same period in 2024

Real Estate

Webp brenda d forman

Brenda D. Forman, Clerk of Broward County | https://www.electbrendaforman.net/

Brenda D. Forman, Clerk of Broward County | https://www.electbrendaforman.net/

In January, the median sale price of a home in Broward County rose by $24,000 from the same period in the previous year, while total sales increased by 0.3%, according to BlockShopper.com.

There were 1,931 homes sold in January, with a median sale price of $400,000 — a 6.4% increase over the $376,000 median sale price during the same period of the previous year. In comparison, 1,925 homes were sold in Broward County in January 2024.

The U.S. housing market has soared in recent years, with its total value nearing $50 trillion in 2024. This is almost five times greater than the market's value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following histogram displays changes in median sales prices in Broward County from January 2024 to January 2025.

January 2024February 2024March 2024April 2024May 2024June 2024July 2024August 2024September 2024October 2024November 2024December 2024January 2025$376,000$376,000$376,500$376,500$405,000$405,000$400,000$400,000$415,000$415,000$420,000$420,000$414,000$414,000$407,250$407,250$410,000$410,000$418,000$418,000$408,950$408,950$410,000$410,000$400,000$400,000

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Broward County Florida Clerk

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