Last updated September 4, 2026
Sell My House in Margate, Florida: What It Takes
Short answer: Margate has the tightest house market we have measured — 3.3 months of supply, 40 days to go under contract, a median cut of only 3.2%. Two things make selling here specific: 41% of house buyers use an FHA or VA loan, the highest share in our coverage area, and the condominium market is really two markets, one age-restricted at $100,000 and one not at $275,000.
For sellers
Pricing a home is a skill. Start with the current competition and recent closed sales.
39.6% of active single-family houses listings in Margate have a recorded asking price below their original list price.
The data comes from the segment and recorded fields available in PBP Real Estate's BeachesMLS feed, as of the date shown. Gia Freer, Broker of Record, turns comparable sales and current competition into one written pricing opinion for your home, with the reasoning, before it goes live.
No website estimate, no automated number: a comparative market analysis done by hand, within one business day.
Request a pricing opinion for your property
Selling? Pricing correctly is a skill. Gia Freer prices your home from this data before it goes live.
Ask Ava about this dataPrice my home correctlyThe two markets, side by side
| Margate | Single-family homes | Condos and townhouses |
|---|---|---|
| On the market today | 95 | 334 |
| Median asking price | $520,000 | $135,000 |
| Listed more than 180 days | 9 | 84 |
| Closed in the last twelve months | 342 | 335 |
| Median closing price | $480,000 | $125,000 |
| Median price per square foot | $298 | $132 |
| Median days to go under contract | 40 | 68 |
| Closed below original asking price | 79.2% | 84.5% |
| Median cut from original asking price | 3.2% | 9.1% |
| Months of supply at the current pace | 3.3 | 12.0 |
Based on information from BeachesMLS, retrieved September 4, 2026. Information deemed reliable but not guaranteed. Listings are provided 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.
Nine listings past 180 days out of 95 is the healthiest house market in our coverage area. If you own a house in Margate and price it properly, it sells.
Your buyer is probably using an FHA loan
| How buyers paid, last twelve months | Single-family homes | Condos and townhouses |
|---|---|---|
| Conventional mortgage | 43% | 43% |
| FHA | 35% | 9% |
| Cash | 14% | 45% |
| VA | 6% | 1% |
Based on information from BeachesMLS, retrieved September 4, 2026. Information deemed reliable but not guaranteed. Listings are provided 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.
35% FHA on the house side is the highest share of any city we cover, and it is the single most useful thing an owner here can know. FHA is not only a price test; the loan carries minimum property requirements. Remaining roof life, peeling paint, handrails on open stairs, exposed wiring, and whether the electrical, plumbing and heating actually work are all in scope. The median Margate house was built in 1974 and 92 of the 95 on the market today date from 1996 or earlier, so this is not a theoretical list.
The practical consequence: accepting the highest offer without checking the loan type can cost you six weeks. We ask for your roof age, water heater age, permit history and the four-point and wind mitigation reports before we price, then we clear the obvious FHA items in advance rather than discovering them once the lender inspects.
As-is: cheap on price, expensive on leverage
| Closed in the last twelve months | Houses sold as-is | Houses, standard | Condos sold as-is | Condos, standard |
|---|---|---|---|---|
| Closed sales | 174 | 60 | 208 | 45 |
| Median price per square foot | $302 | $308 | $130 | $110 |
| Median days to go under contract | 43 | 12 | 67 | 39 |
| Median cut from the original asking price | 3.1% | 2.3% | 9.6% | 7.2% |
Based on information from BeachesMLS, retrieved September 4, 2026. Information deemed reliable but not guaranteed. Listings are provided 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.
Two percent per square foot is not a reason to renovate a house. Thirty-one extra days and an extra point of negotiating room might be a reason to fix the specific things an FHA lender will flag, which is a much shorter and cheaper list than a renovation.
The 55-plus divide runs through the whole city
| Closed in the last twelve months | Condos, age-restricted | Condos, not restricted | Houses, age-restricted | Houses, not restricted |
|---|---|---|---|---|
| Closed sales | 217 | 118 | 57 | 285 |
| Median closing price | $100,000 | $275,000 | $319,000 | $500,000 |
| Median price per square foot | $108 | $223 | $236 | $309 |
| Median days to go under contract | 95 | 38 | 85 | 34 |
| Buyers paying cash | 58% | 21% | 23% | 12% |
Based on information from BeachesMLS, retrieved September 4, 2026. Information deemed reliable but not guaranteed. Listings are provided 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.
65% of Margate condominium sales are in age-restricted communities. That one fact explains the citywide condominium median of $125,000, and it means an owner in an unrestricted building who prices off the city average is underselling by a wide margin. It also means an owner in a 55-plus community should expect a cash buyer and roughly three months, and should not read that as failure.
What waiting costs
| Time to go under contract | Houses: share, and cut from original ask | Condos: share, and cut from original ask |
|---|---|---|
| Within 30 days | 44%, cut 1.9% | 25%, cut 3.1% |
| 31 to 90 days | 30%, cut 4.0% | 33%, cut 8.8% |
| 91 to 180 days | 16%, cut 7.9% | 25%, cut 14.8% |
| More than 180 days | 10%, cut 7.4% | 17%, cut 23.9% |
Based on information from BeachesMLS, retrieved September 4, 2026. Information deemed reliable but not guaranteed. Listings are provided 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.
23.9% is the steepest six-month penalty we have measured anywhere. A Margate condominium that starts too high does not simply sit; it resets to roughly three-quarters of the original asking price.
How we work, and in what order
We walk the property before we say a number. We prepare a written comparative market analysis from our own BeachesMLS feed, not an automated estimate, and a written net sheet so you know what reaches you. We ask for your mortgage payoff, permit history and any association dues and assessment balances in writing before pricing. Then we list.
If your previous listing expired unsold, start with expired listings in Margate. If the property came to you through an estate, see probate and inherited property in Margate. If you owe more than it is worth, see short sales in Margate.
Gia Freer, our Broker of Record, has been licensed in Florida since 2000 and prepares every opinion of value personally.
Start with the number
A written comparative market analysis from our own BeachesMLS data, prepared by our Broker of Record. No automated estimate is published on this site and no price here is produced by software.
Price my home correctly or read how we price a home first. or call (561) 395-8418.
Before any of this, the price question: what is my home worth in Margate sets out the closed-sale figures by size, water, pool and age, houses and condominiums kept separate.
Selling in a specific situation in Broward County, each with its own measured page: behind on the mortgage; liens or code violations; selling during a divorce; a vacant house; storm damage; delinquent property taxes; a rental with tenants.
Selling in Margate: questions
How long does it take to sell a house in Margate, Florida?
The median single-family home that closed in the last twelve months went under contract in 40 days, and 44% of the 342 closed sales did it inside 30. There is 3.3 months of house supply and only 9 of the 95 listings on the market have sat past 180 days. This is the tightest house market of any city we have measured this year. Figures from our own BeachesMLS feed, retrieved September 4, 2026.
What will my Margate house sell for?
The median single-family home closed at $480,000 over the last twelve months, at $298 per square foot, with a median cut of 3.2% from the original asking price. Age-restricted houses are a separate market at a median $319,000. Your number depends on the property, which is what a written comparative market analysis is for.
Why does FHA matter so much when selling in Margate?
Because 35% of house buyers here used an FHA loan, the highest share in any city we cover, and another 6% used VA. Over 40% of your likely buyers are on a government-backed loan. Those loans carry minimum property requirements, and the lender checks them: roof remaining life, peeling paint, missing handrails, exposed wiring and whether every system works. On a housing stock whose median year built is 1974, that list decides whether your best offer can actually close.
What should I fix before listing, then?
Not a renovation. The FHA list, and nothing beyond it. As-is houses closed at $302 per square foot against $308 standard, which is close to nothing, so a full renovation does not pay here. What it does cost is speed and leverage: as-is went under contract in 43 days against 12, with a 3.1% cut against 2.3%. We ask for your roof age, permit history and four-point and wind mitigation reports before we price, because those documents tell us which of your buyers can finance.
Why is the condominium market so different from the house market?
Two reasons. Supply: 334 units on the market against 335 sales in a year, which is 12.0 months, against 3.3 for houses. And composition: 217 of the 335 condominium sales were in age-restricted communities at a median $100,000, while the 118 unrestricted sales closed at a median $275,000. Nearly two-thirds of this market is a low-priced, slow-moving, mostly cash segment, and the citywide median of $125,000 mostly describes it.
What does a 55-plus restriction do to the price and the timeline?
A great deal. Age-restricted condominiums closed at a median $100,000 and $108 per square foot in 95 days, with 58% of buyers paying cash. Unrestricted condominiums closed at $275,000 and $223 per square foot in 38 days, with 75% of buyers financing. The restriction shrinks the buyer pool to people over 55 who mostly do not borrow, and price follows. Margate has age-restricted houses too, 57 of 342 sales, at $319,000 against $500,000.
What does mispricing cost here?
On houses it is survivable: 1.9% below original asking price within 30 days, 7.9% at 91 to 180 days. On condominiums it is brutal: 3.1%, then 14.8%, then 23.9% past 180 days. That last figure is the steepest we have measured in any city. 17% of Margate condominium sales end up in that band.
Is now a good time to list in Margate?
For a house, this is as good as it gets in our coverage area: 3.3 months of supply, 40 days, 79.2% closing below asking with a cut of only 3.2%. For a condominium, only with a price that respects a 12-month market and, if the community is age-restricted, a mostly cash buyer pool.
What clients say
PBP Real Estate holds 96 Google reviews at an average of 5.0 out of 5. Every quote below is a verbatim excerpt from a public review on that profile, shortened only where marked.
After more than a year trying to sell my condo to no avail, here comes Gia and with her sincere persona and professionalism, she sold my condo within 3 weeks.
★★★★★ Rosa S. · Google review, February 2020
Gia and John from PBP Real Estate exceeded expectations in selling my mother's Delray Beach condo, which had previously failed to sell with another firm. Despite being in New York, I experienced excellent communication and responsiveness via phone, text, and email, making the remote process, including the closing, stress-free.
★★★★★ Robert S. · Google review, December 2024
I needed to sell my mothers home from out of state and Gia made the whole process very easy. She helped me getting the right people to get the house emptied and cleaned.
★★★★★ Roger D. · Google review, December 2024
Read all 96 reviews on Google or see more on our about page.