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Saturday, November 23, 2024

Weston median home prices rose by 29.6% in May

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The median sale price of a home sold in May in Weston rose by $165,500 while total sales decreased by 22.7 percent, according to BlockShopper.com.

In May, there were 119 homes sold, with a median sale price of $725,000 - a 29.6 percent increase over the $559,500 median sale price for the same period of the previous year. There were 154 homes sold in Weston in May 2021.

The median sales tax in Weston for the most recent year with available data, 2017, was $5,854, approximately 0.8 percent of the median home sale price for May.

The following table compares Weston to other Broward County cities with similar median sale prices in May:

CityMay 2022 Home SalesMay 2021 Home Sales% change (Total Home Sales)May 2022 Median Sales PriceMay 2021 Median Sales Price% change (Median Sales Price)
Southwest Ranches1317-23.5$1,550,000$1,440,0007.6
Pompano Beach (unincorporated)10-$1,430,000$0-
Parkland48456.7$1,100,000$710,00054.9
Weston119154-22.7$725,000$559,50029.6
Cooper City4053-24.5$612,500$455,00034.6
Sea Ranch Lakes72250$595,000$1,110,000-46.4
Wilton Manors4053-24.5$585,500$475,00023.3
Hillsboro Beach1323-43.5$580,000$421,00037.8
Lauderdale-by-the-Sea4262-32.3$560,000$510,0009.8
Coral Springs203219-7.3$519,900$412,50026
Fort Lauderdale564647-12.8$469,500$395,00018.9

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