Coral Springs, Florida Housing Market

What stands out in Coral Springs?

• Asking price per square foot is down 6.9% on the year: among the fastest-falling asking prices per square foot of 765 tracked cities. Falling asking prices give you room to offer below list.
• Homes for sale are down 12% on last year: among the sharpest inventory declines of 765 tracked cities. Supply is shrinking, which shifts leverage to sellers.

How far have Coral Springs prices fallen?

Asking price per square foot in Coral Springs is 17.9% below its Jan 2024 high and down 6.9% over the last year. Prices were above the year before in 69% of months since the data starts, so drops here have not always reversed quickly. 17% of sellers have cut their price. Underwrite with no price growth for now and let the seller carry the next cut.

Is now a good time to buy in Coral Springs?

The median asking price is 51.2% below its Jun 2023 peak. Per square foot the gap is smaller: 17.9% below the Jan 2024 high. Part of the drop is smaller homes coming to market. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower. Coral Springs prices rose in only 77 of the last 111 months. This market goes up and down. Timing matters here. Growth will not rescue a bad price.

There is no rush. Prices are still coming down. Watch the homes you like. Come back after they cut. Let the seller move first.

How much can you negotiate in Coral Springs?

For every 100 homes still for sale, 27 are under contract. In 2017–2019 at this time of year it was 60. The rest are still waiting for a buyer. Few sellers are dropping their price. Your discount will come from one stale listing.

Coral Springs listings spend a median 78 days on the market. There are 430 homes for sale in Coral Springs. That is 6.4 times the tightest month on record, but below the peak of 554. Supply is shrinking against last year.

What to do about it

• Search Coral Springs homes listed 90+ days ago that have already cut their price.
• Offer below the reduced price.
• Keep your inspection and financing contingencies.
• Ask the seller to pay closing costs.
• You can lose a few offers here and still win.

How does Coral Springs compare with other Florida markets?

Ranked among the 52 Florida markets we track:

• Asking price: 4th cheapest of 52. Coral Springs is at $277,800. Closest: Daytona Beach and Jacksonville.
• Buyer competition: 14th least competitive of 43. Coral Springs is at 0.27 buyers per home. Closest: Delray Beach and Cape Coral.
• Time on market: 24th shortest time on market of 52. Coral Springs is at a median of 78 days on market. Closest: Largo and Boca Raton.
• Price cuts: 14th fewest price cuts of 52. Coral Springs is at 17% of sellers cutting. Closest: Delray Beach and Fort Myers.

What is the fair market rent in Coral Springs?

HUD sets one fair market rent for Broward County. For fiscal year 2026:

• 1 bedroom: $1,900 a month. Down 2% on last year, up 94% since FY2016.
• 2 bedrooms: $2,333 a month. Down 2% on last year, up 86% since FY2016.
• 3 bedrooms: $3,216 a month. Down 2% on last year, up 80% since FY2016.
• 4 bedrooms: $3,810 a month. Down 5% on last year, up 74% since FY2016.

The figures include tenant-paid utilities and apply to all of Broward County, so one home's rent can sit well above or below them. See fair market rent by city.

What numbers should you underwrite a Coral Springs deal with?

• Price growth to assume — +1.8%/yr. Coral Springs grew 4.7% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Coral Springs grows about 1.8% a year. That is the number to type in. Prices fell 6.9% over the last year. Use it for timing. The five-year rate is the better guide.
• Months of carrying cost — 3. Budget at least 78 days of holding costs, the current median time on market, when you exit or refinance.
• Odds you cut your price to sell — 1 in 6. 17% of Coral Springs listings have cut their asking price. Underwrite your exit below asking.
• Comp on price per square foot — $237/sqft. The typical Coral Springs listing shrank from 1,832 to 1,253 sqft since Jul 2016. So median price hides real growth: 61% per sqft versus -11% on the median. Comp on median price and you will overpay for small homes.
• Competition when you exit — -12%. Homes for sale in Coral Springs are down 12% on last year, so your resale faces less competition than today's comps did.

Read how price cuts signal a market turning and how we read these numbers, then run the numbers on a deal.

What is the median home price in Coral Springs?

The median asking price in Coral Springs is about $278,000 as of Sep 2026, down 33.1% from a year ago. The typical listing is 13% smaller than a year ago, and asking price per square foot is down 6.9%. So the size of homes on the market explains much of the drop. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Coral Springs figures cover the 3 ZIP codes with a Coral Springs mailing address, which can reach past city limits.

Is Coral Springs a buyer's or seller's market in 2026?

Buyers have more room in Coral Springs than usual. We compare Coral Springs with 2017–2019 at this time of year: there are 27 pending sales per 100 listings, against 60 then; listings spend 34% more days on the market; there are 25% more homes for sale.

Are Coral Springs home prices going up or down?

The median asking price is 51.2% below its Jun 2023 peak. Per square foot the gap is smaller: 17.9% below the Jan 2024 high. Part of the drop is smaller homes coming to market. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower.

What is the best month to buy a house in Coral Springs?

Across 9 full years, Coral Springs asking prices ran lowest in February, about 6.1% below the year's average. They peaked in August. The most homes for sale show up in November, about 5% above the yearly average.

What price growth should I assume for Coral Springs?

Assume +1.8% a year. Coral Springs grew 4.7% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Coral Springs grows about 1.8% a year. That is the number to type in. Prices fell 6.9% over the last year. Use it for timing. The five-year rate is the better guide.

What is the fair market rent in Coral Springs?

HUD's fiscal year 2026 fair market rent for Broward County is $2,333 a month for 2 bedrooms and $3,216 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.