New data shows Coral Springs home prices dip as the number of homes sold increases significantly in July
Coral Springs, Florida – The Coral Springs housing market showed a surprising trend in July, as home prices declined even as the number of properties sold increased, according to recently released data presented to city commissioners during a planning retreat last month.
The median sale price for homes in the city fell to $620,000, representing a 4.6% drop compared to the same period last year, Redfin reported. Despite the price dip, home sales surged, with 147 properties changing hands—nearly 15% more than in July 2024.
“While some buyers may be cautious due to rising interest rates, others are seeing opportunity in the current market conditions,” said a local real estate analyst who reviewed the data.
The figures highlight that Coral Springs continues to remain more expensive than much of Broward County. In the second quarter of 2025, the median sales price of a single-family home in the city reached $680,000, notably higher than the countywide median of $627,500, according to Miami Realtors.
Rental trends in the city also reflect this dynamic. The average rent for a two-bedroom apartment in Coral Springs is $2,417, slightly below the county average of $2,566. Median renter household income in the city stands at $65,188, compared with $55,803 for the county overall, suggesting residents are better positioned to absorb higher housing costs.
Several factors are influencing the current market, the report notes. Interest rates remain elevated at 6.4% to 6.7%, and homeowners are facing rising property insurance premiums. Inventory constraints, coupled with new state condo laws and stricter inspection requirements, are also contributing to fluctuations in pricing and sales activity. Additionally, broader economic pressures such as inflation, tariffs, and higher construction costs are playing a role in shaping the local housing market.
Despite these recent shifts, Coral Springs has seen strong growth over the past several years. From 2019 to 2023, home prices in the city rose steadily, reflecting robust demand and a competitive market. However, the trend appears to have plateaued in 2024 and into 2025, as higher borrowing costs and other challenges temper price growth.
Market observers say the combination of a small price drop and rising sales could signal a transitional phase for Coral Springs real estate. Buyers may be seizing opportunities as sellers adjust expectations, creating a market environment that is slightly more favorable for those looking to enter the housing market.
As the city moves through the latter half of 2025, analysts will be watching closely to see whether this pattern continues or if prices resume upward momentum. For now, Coral Springs remains a city with higher-than-average housing costs, yet a market that continues to attract buyers despite recent headwinds.
