Central Business District Housing Market Report February 2025•Broward County, Florida

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Housing Prices in Central Business District, FL

How much do homes in Central Business District, FL cost?

Housing Market Conditions

Is Central Business District, FL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Central Business District is a Buyer's Market

Difference Since February 2024

At the same time last year, Central Business District was a Seller's Market.

Insight

Central Business District is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$527,500$337/SqFt
-$137,000
-20.6%

Based on all homes sold in the last 12 months

Insight

Homes in Central Business District have sold for 20.6% less than they did a year ago.

Summary: The median home sold price in Central Business District was $527,500 in February 2025, down 20.6% from last year, and the median price per square foot was $337.

Median Sold Price By Neighborhoods

Median Sold Price By Neighborhoods
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Park Side
-2.0%
Hollywood Lakes
-5.6%
Central Business District
-20.6%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$252.5K$265K
+5.0%
2$545K$475K
-12.8%
3$775K$719K
-7.2%
4$780K$974.7K
+25.0%
5$2.5M$960K
-61.6%

Summary: Central Business District housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +5.0%. The home price for 2 bedroom homes decreased by -12.8%. The home price for 3 bedroom homes decreased by -7.2%. The home price for 4 bedroom homes increased by +25.0%. The home price for 5 bedroom homes decreased by -61.6%.

How does Central Business District, FL compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Central Business District, FL

Housing supply in Central Business District, FL

How many homes are available in Central Business District, FL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
32Last MonthFeb 2025
282 months agoJan 2025
+14.3 %
Change MoMJan – Feb

Summary: The Central Business District real estate market had 32 homes for sale in Feb 2025, a 14.3 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
3Last MonthFeb 2025
02 months agoJan 2025
+100.0 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
1610
+66.7%
266
0.0%
31212
0.0%
422
0.0%
522
0.0%

Summary: Central Business District housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +66.7%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Central Business District, FL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price2 Homes

Under Asking Price1 Home

Insight

If you're buying a home in Central Business District, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Central Business District in February 2025, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and and 0% were sold over asking.

Days on Market for Central Business District, FL

How long does it take to sell a home in Central Business District, FL?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Many homes in Central Business District are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 3 homes were sold in Central Business District; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
20 DaysThis YearFeb 2025
54 Days1 year agoFeb 2024
-63.0 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Central Business District had an average listing age of 20 days in Feb 2025, down by 63.0% compared to the previous year.

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Newest Listings in Central Business District, FL

What homes are available in Central Business District, FL?

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MLS Disclaimers and Copyright

Based on information from Miami MLS, and Beaches MLS for the period 03/01/2023 - 03/01/2025

IDX © 2025 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 7:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXAll listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2025 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 7:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.