The Margate housing market is somewhat competitive. The median sale price of a home in Margate was $355K last month, up 8.6% since last year. The median sale price per square foot in Margate is $265, up 10.0% since last year.
In March 2024, Margate home prices were up 8.6% compared to last year, selling for a median price of $355K. On average, homes in Margate sell after 62 days on the market compared to 56 days last year. There were 70 homes sold in March this year, down from 102 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$355,000
+8.6% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Margate, FL
$355,000
+8.6%
United States
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How hot is the Margate housing market?
Margate is somewhat competitive. Homes sell in 61 days.
0
100
44
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 61 days.
Hot homes
can sell for around list price and go pending in around 35 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Margate
Explore recent offers and recently sold homes in Margate
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
6/10
Margate Elementary School
Public • PreK-5
1023
Students
12 reviews
6/10
James S. Hunt Elementary School
Public • PreK-5
627
Students
8 reviews
5/10
Morrow Elementary School
Public • PreK-5
530
Students
9 reviews
5/10
Liberty Elementary School
Public • PreK-5
989
Students
9 reviews
5/10
North Lauderdale Elementary School
Public • PreK-8
785
Students
4 reviews
Only showing 5 of
6 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Margate housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Margate.
Risk Factor
Flood Factor - Minor
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Margate has a minor risk of flooding. 16 properties in Margate are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in Margate. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Margate has a moderate risk of wildfire. There are 82 properties in Margate that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Margate.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Margate has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Margate is most at risk from hurricanes. 16,669 properties in Margate have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 202 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 214 mph.