Margate Market Report
$2,087,308
AVERAGE PRICE OF 87 HOMES$2,844,665
AVERAGE PRICE OF 57 MULTI-MILLION DOLLAR HOMES$3,131,492
AVERAGE PRICE OF 12 NEWLY BUILT HOMES$2,470,000
AVERAGE PRICE OF 2 REDUCED PRICE HOMESAverage Home
| Average Price | $2,087,308 |
| Avg Bedrooms | 3.72 beds |
| Avg Bathrooms | 3.53 baths |
Average Price by Bedrooms
| 1 bedroom | $396,008 |
| 2 bedrooms | $798,571 |
| 3 bedrooms | $1,046,127 |
| 4 bedrooms | $2,313,700 |
| 5 bedrooms | $3,044,765 |
Margate Home Price Trends
| 11/2024 | 10/2024 | 9/2024 | 8/2024 | 7/2024 | |
|---|---|---|---|---|---|
| Total Listings | 99 | 108 | 115 | 103 | 89 |
| Average Price | $2,075,633 | $2,112,483 | $2,219,846 | $2,407,116 | $2,523,303 |
| Avg Price Change | -1.78% | -5.08% | -8.44% | -4.83% | +1.68% |
| Median Price | $1,689,052 | $1,700,129 | $1,746,833 | $1,927,983 | $2,056,821 |
| Med Price Change | -0.66% | -2.75% | -10.37% | -6.68% | -0.75% |
| Avg Bedrooms | 3.82 beds | 3.88 beds | 3.92 beds | 4.09 beds | 4.25 beds |
| Avg Bathrooms | 3.58 baths | 3.61 baths | 3.67 baths | 3.88 baths | 4.1 baths |
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 87 | $2,087,308 | 111 days |
| Multi-Million Dollar Homes | 57 | $2,844,665 | 136 days |
| Newly Built Homes | 12 | $3,131,492 | 235 days |
| Reduced Price Homes | 2 | $2,470,000 | 98 days |
