Banyan Oakridge Plat
Homes for Sale in Hollywood, FL

Banyan Oakridge Plat market snapshot (as of July 15, 2026): the median sale price is about $830K ($433 per sq ft over the trailing 12 months of closed sales), and a median 55 days on market for closed sales. The trailing-12-month median is down 22% from the prior 12 months and up 213% since 2012, computed from record-level Beaches MLS closed sales (11 closings in the current window).

A small Hollywood plat in Broward County where pricing has corrected meaningfully over the past year, leaving a market defined by condition variance and patient inventory turnover.

The 21.9 percent year-over-year decline is the headline, but context matters: this community has still appreciated 213 percent since the baseline period, so recent sellers who bought years ago remain in strong equity positions. What's changed is the pace and the buyer's leverage. Fifty-five days on market is neither distressed nor brisk—it's a market where homes move when they're priced correctly and show well, and stall when they don't.

Eleven closings in the analysis window confirm this is not a high-volume subdivision. Inventory is episodic, and when a well-kept home hits the market, it still attracts multiple showings. The median price per square foot of $433 is helpful as a benchmark, but the real story is the range: updated homes command premiums, while originals that need work can sit and ultimately sell below the median. Buyers should budget for renovation or be very specific about move-in condition in their search criteria.

The market heat score of 21 reflects a cooled environment—no bidding wars, no waived contingencies. Appraisals matter again, and financing has to pencil cleanly. For sellers, this means staging, pricing just under recent comps, and being responsive on repairs. For buyers, it means you can negotiate, but you're still competing in a supply-constrained pocket where good listings don't linger indefinitely.

In a repriced, condition-driven market like Banyan Oakridge Plat, you need a broker who knows how to price to the current buyer—not to last year's comps—and who can walk a property with an honest eye toward what updates will cost and what they'll return. We pull permit history, flag deferred maintenance before you're under contract, and write offers that reflect real value, not wishful thinking. When inventory is thin and every listing is different, local intel and a straightforward read of the market are what get deals done.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.