Submarket Report

How Much Properties are selling for in this specific submarket?


Typical Sale Price

$651,250

Homes in this area typically sell for around $651,250, which puts it in a solid mid-to-upper price range for a 3/2 in South Florida. At this price point, you’re often paying for location and overall condition, so updated homes tend to feel “move-in ready,” while older ones can still be a good value if you’re open to improvements.

Price Per Square Foot

$414.32

At about $414 per square foot, space isn’t “cheap” here—buyers are paying a meaningful amount for each bit of living area. That means smart layouts and good finishes matter a lot, because wasted space feels expensive.

Price Range Per Square Foot

Between $298.04–$613.38

That’s a big spread, which usually means you’ll see everything from simpler, more dated homes to fully updated or more desirable properties that command a premium. If you’re hunting for a deal, the lower end is where you’ll likely find homes that need work; if you want turnkey, expect to pay closer to the high end.

what houses in this area typically look like


Typical Home Size

1,050–1,500 sqft

Homes in this submarket are typically around 1,050–1,500 sqft, so many will feel more compact than sprawling. This makes renovations and smart design choices (kitchens, baths, storage, and open-feel layouts) a big driver of comfort and resale value.

Typical Lot Size

6,063.5 sqft

Most homes sit on lots around 6,063.5 sqft, which is usually enough room for a usable backyard—think patio space, a small pool setup, play area, or garden—without being overwhelming to maintain. Bigger lots do exist, but they’re not the norm, so buyers who want major expansion space need to be picky and targeted.

Largest Lot

18,712 sqft

Lots as large as 18,712 sqft can create real options for major additions, privacy, or more ambitious outdoor upgrades.

Age of Homes

1955.5

Homes here are generally older, which often means classic Florida construction and established neighborhoods, but also more “systems” to think about like roofs, plumbing, electrical, and windows. For buyers and investors, that age can be a renovation opportunity—just budget for updates and expect a wider range of condition from property to property.

how fast houses are selling


Days on Market

35 days

Properties are moving at a reasonably steady pace—fast enough that good homes don’t linger forever, but not so fast that you have to waive all caution. Buyers usually have time to do proper inspections and negotiate, especially if a home isn’t perfectly updated.

Price Reductions

3.6%

Price cuts are happening, and the typical cut is noticeable enough to matter. For buyers, that’s a sign you can often negotiate—especially if a property has been sitting and needs updates.

MARKET SIGNALS


% of Properties selling close to Asking Price

96.7% Sale-to-List Ratio

Buyers are generally paying close to asking price, but not fully at it. That usually means there’s some room to negotiate, particularly on homes that aren’t in top condition or that were priced too aggressively.

% of Properties with price reduction

57.7%

More than half of properties saw a price cut, which tells you sellers often have to adjust to meet the market. If you’re patient and willing to shop carefully, you’re likely to find opportunities to buy below the original ask.

Renovation Activity

12.6% Renovation Rate

Only a small share of homes are being updated before resale, so many buyers will run into properties that aren’t fully modern. For someone comfortable renovating, that can be a way to add value—because you’re not competing only against perfectly remodeled homes.

Development Potential

Largest Lot Sizes Start Near 7,875 sqft

Lots around 7,875 sqft and up can give you more flexibility for expansions, larger outdoor projects, or possibly reworking the footprint. Combined with the older home age, this area can reward buyers who can spot homes with good bones and enough lot to improve.

What This Submarket Shows


Pompano Beach single-family homes in this range feel like a market where you can still negotiate, especially since price cuts are common and properties aren’t flying off the shelf overnight. Buyers who want turnkey should expect to pay up on a per-square-foot basis, while value hunters should focus on homes priced closer to the lower end per square foot and plan upgrades. Renovation isn’t happening everywhere, so improving an older home can still stand out when you go to resell. If you’re an investor or a long-term buyer, targeting properties on larger lots (starting around 7,875 sqft) can open up better expansion and value-add options.

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This report is for informational purposes only and should not be considered financial or investment advice. Investors should always conduct their own due diligence, inspections, and financial analysis before purchasing a property.