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Thursday, November 21, 2024

What happened to the median home price in Hallandale Beach during the first half of 2022?

Re 10

The median sale price of a home sold in the first half of 2022 in Hallandale Beach rose by $49,500 while total sales increased by 0.9 percent, according to BlockShopper.com.

From January through June, there were 1,152 homes sold, with a median sale price of $279,500 - a 21.5 percent increase over the $230,000 median sale price for the same period of the previous year. There were 1,142 homes sold in Hallandale Beach in the first half of 2021.

The median sales tax in Hallandale Beach for the most recent year with available data, 2017, was $2,715, approximately one percent of the median home sale price for the first half of 2022.

The following table compares Hallandale Beach to other Broward County cities with similar median sale prices in the first half of 2022:

CityJanuary - June 2022 Home SalesJanuary - June 2021 Home Sales% change (Total Home Sales)January - June 2022 Median Sales PriceJanuary - June 2021 Median Sales Price% change (Median Sales Price)
Pembroke Pines1,6801,702-1.3$343,000$300,00014.3
Oakland Park7036931.4$308,500$250,00023.4
West Park14412812.5$306,350$273,50012
Fort Lauderdale (unincorporated)1361258.8$306,000$238,00028.6
Pompano Beach1,8091,931-6.3$301,000$250,00020.4
Hallandale Beach1,1521,1420.9$279,500$230,00021.5
Dania Beach4854556.6$275,000$242,00013.6
North Lauderdale3893821.8$255,000$210,00021.4
Sunrise1,2151,2150$255,000$245,0004.1
Tamarac1,2881,1938$251,950$220,00014.5
Margate8247569$249,250$195,00027.8

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