In September 2026, the median sale price of a Florida townhouse or condo was $293,500, and the average was $470,475. In Fort Lauderdale during the second quarter of 2026, the median was $483,263, and the average was $740,388, so a typical Fort Lauderdale condo sells for well above the state figure.
The numbers differ because a median and an average measure different things, and the gap says a lot about how Florida’s condo market is split between everyday units and luxury ones.
What is the average price of a condo in Florida?
According to the Florida REALTORS September 2026 market summary, which covers townhouses and condos statewide, the median sale price was $293,500, down 1.8% from $299,000 a year earlier.
The average sale price was $470,475, up 8.6%. About 52% of the 7,179 closed sales were paid in cash, and the market held 7.7 months of supply, down from 9.1 a year earlier.
Homes sold for a median of 93.3% of their original list price and took a median of 65 days to go under contract.
What is the average price of a condo in Fort Lauderdale?
The Florida REALTORS Broward County report for the second quarter of 2026, which covers townhouses and condos, shows Fort Lauderdale well above the county average. About 57% of the city’s 473 closed sales were paid in cash.
| Metric (Q2 2026) | Fort Lauderdale | Broward County |
|---|---|---|
| Closed sales | 473 | 3,153 |
| Median sale price | $483,263 | $262,600 |
| Average sale price | $740,388 | $378,778 |
| Median price, change from a year earlier | up 5.9% | down 4.5% |
| Sale price as a share of original list price | 91.4% | 92.4% |
| Median time to contract | 85 days | 74 days |
| Months of supply | 10.4 | 10.1 |
Why is the average so much higher than the median?
The median is the middle sale: half of the condos sold for less and half for more. The average adds every sale and divides by the count, so a small number of very expensive sales pulls it up.
In Fort Lauderdale the average is about 53% higher than the median, a sign that oceanfront and luxury sales sit well above the typical unit.
For a buyer, the median is the better guide to a typical price, but neither number describes a specific building, so compare recent sales in the building you are considering.
Our breakdown of what an oceanfront condo costs in Fort Lauderdale looks at that top end.
How do nearby cities compare?
Prices vary widely across Broward County. These are second-quarter 2026 figures for townhouses and condos from the same report.
| City | Median sale price | Average sale price |
|---|---|---|
| Fort Lauderdale | $483,263 | $740,388 |
| Lauderdale-by-the-Sea | $425,000 | $537,930 |
| Wilton Manors | $362,500 | $380,974 |
| Hollywood | $318,500 | $434,258 |
| Pompano Beach | $274,000 | $482,817 |
| Hallandale Beach | $240,000 | $348,648 |
What affects condo prices in Florida right now?
Supply and sales pace
Statewide, active listings fell 9.0% from a year earlier and months of supply dropped to 7.7, while homes went under contract faster.
In Fort Lauderdale, months of supply was 10.4 in the second quarter, above the five to six months commonly treated as a balanced market, which generally gives buyers more room to negotiate.
Our guide to Fort Lauderdale condo market trends explains how to read these measures.
Building rules and association costs
After the 2021 Surfside collapse, Florida added milestone inspection and structural reserve requirements for condo buildings.
In many buildings that has raised association costs, so buyers now compare fees, reserves, and special assessment history as closely as price.
Our guide to South Florida condo fees explains what the fees cover.
Insurance
Insurance costs have risen in Florida in recent years and are a significant part of the monthly cost of owning a condo.
Ask any building for its current insurance details and what the association covers before you make an offer.
Is now a good time to buy a condo in Fort Lauderdale?
It depends on your timeline and the building. With cash buyers accounting for more than half of Fort Lauderdale sales, financing documents matter, and our guide on whether you need tax returns to buy a house covers what lenders ask for.
If you are weighing buying against renting, our comparison of renting vs owning a condo in Fort Lauderdale can help.
What do these numbers mean for Paramount Fort Lauderdale buyers?
Paramount sits on Fort Lauderdale Beach, where prices are set building by building and rarely match a citywide figure. The best comparison is recent sales in the building itself and the layout you want.
Ask the Paramount team about recent sales, review the current floor plans and schedule a private tour.