The Margate Gardens housing market is somewhat competitive. The median sale price of a home in Margate Gardens was $445K last month, up 1.0% since last year. The median sale price per square foot in Margate Gardens is $311, up 6.5% since last year.
What is the housing market like in Margate Gardens today?
In March 2024, Margate Gardens home prices were up 1.0% compared to last year, selling for a median price of $445K. On average, homes in Margate Gardens sell after 47 days on the market compared to 39 days last year. There were 12 homes sold in March this year, up from 12 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$444,500
+1.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Margate Gardens, FL
$444,500
+1.0%
United States
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How hot is the Margate Gardens housing market?
Margate Gardens is somewhat competitive. Homes sell in 44 days.
0
100
56
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 6 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 44 days.
Hot homes
can sell for around list price and go pending in around 18 days.
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 Gardens housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Margate Gardens.
Risk Factor
Flood Factor - Minor
10% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Margate Gardens has a minor risk of flooding. 0 properties in Margate Gardens are likely to be
severely affected
by flooding over the next 30 years. This represents 10% of all properties in Margate Gardens. Flood risk is increasing slower than the national average.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Margate Gardens has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Margate Gardens is most at risk from hurricanes. 1,182 properties in Margate Gardens 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 184 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 196 mph.
92% of properties are at extreme
risk of heat over the next 30 years
Heat Factor
Margate Gardens has an extreme risk from heat. This is due to
"feels like" temperatures
increasing, and because 92% of homes in Margate Gardens have an Extreme Heat Factor®.
Margate Gardens is expected to see a 285% increase in the number of days over 106ºF over the next 30 years. Margate Gardens is expected to experience 10