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The Galt Mile market
Market report · Neighbourhood · Sep 2026
The Galt Mile market, in numbers
Part of Fort Lauderdale — see the Fort Lauderdale report
Homes in Galt Mile typically sell in about 126.5 days, close around 3.2% under ask. With 68.7 months of inventory, it’s a buyer’s market.
Some comparisons are hidden until at least 3 transactions close in a month. Medians below are drawn from very small samples — treat them as indicative.
Median sale price
$535k
↓ −34.0% MoM
4 sales closed in Sep 2026
Median rent
$2,835/mo
↓ −37.0% MoM↓ −52.4% YoY
2 leases closed in Sep 2026
Low sampleTime to sell
126.5 days
typical days on market
Days from listing to going under contract.
Negotiation room
3.2% under ask
typical closing vs asking price
How far below the asking price homes typically close.
Months of inventory
68.7 mo
buyer’s market
Active listings divided by the monthly sales pace. Under 4 months favors sellers; over 6 favors buyers.
+29% vs Fort Lauderdale overallmedian sale price
Sells 45 days slower than Fort Lauderdaledays on market
HOA fees 3.31× the Fort Lauderdale averageper sqft, monthly
Your questions, answered
Straight answers from Galt Mile’s closed transactions.
What does a home here cost?
The median sale closed at $535k in Sep 2026. Typical sales ranged $293k–$828k.
What income do you need to buy here?
At a 6.5% 30-year mortgage with 20% down, the median home runs about $5,963/mo including taxes and HOA — comfortable at a household income around $239k a year, using the 30% rule. Renting instead costs $2,835/mo.
Is now a good time to buy?
68.7 months of inventory points to a buyer’s market, and sellers are accepting about 3.2% under ask.
How fast do homes sell?
About 126.5 days from listing to contract in Sep 2026. The pace picks up toward March and slows around December.
How much room is there to negotiate?
Closings typically land 3.2% under asking price, and 52% of active listings have already reduced their price (median cut 6.1%).
When is the best time to list?
Closings peak in March and bottom out around December. Listing four to six weeks ahead of the peak historically gets the most eyes.
Is it a good rental investment?
Yield needs at least 3 closed sales and 3 closed leases in a month — this area doesn’t clear that bar yet.
Buying vs renting
Price-to-rent ratio is 15.7 — buying typically starts to beat renting after roughly 5–7 years here.
To buy — median sale price
Sale price, $
$535k↓ −34.0% MoM
Sep 2026 — median $535k · 4 sales · 126.5 days on market
$0
$500k
$1.0M
$1.5M
Oct ’25
Dec ’25
Feb ’26
Apr ’26
Jun ’26
Aug ’26
To rent — median monthly rent
Monthly rent, $
$2,835/mo↓ −37.0% MoM↓ −52.4% YoY
Sep 2026 — median $2,835/mo · 2 leases · 56 days on market · low sample
$0
$5,000
$10k
$15k
Oct ’25
Dec ’25
Feb ’26
Apr ’26
Jun ’26
Aug ’26
MedianTypical range (5th–95th percentile)3+ closingsUnder 3 (low sample)No closings (activity only)Tap or hover any month for its numbers.
What each size costs
Medians over the last 12 months.
Beds
To buy
To rent
Volume
Studio
—
$2,175/mo
2 closed Low sample
1 bed
$366k
$2,745/mo
13 closed
2 beds
$537k
$5,443/mo
28 closed
3 beds
$1.33M
$6,083/mo
12 closed
What sells here
Sales mix and median price by property type, last 12 months.
Condo
$616k
100% of sales · 37 closed
Market depth
Supply and demand
Listings per month
Sep 2026 — 4 closed · 7 new · 206 active
0
100
200
300
Oct ’24
Jan ’25
Apr ’25
Jul ’25
Oct ’25
Jan ’26
Apr ’26
Jul ’26
ClosedActive (on market)New listings
Seasonality
Avg closings
Listings move fastest in March
0
1
2
3
J
F
M
A
M
J
J
A
S
O
N
D
Average closings by calendar month, drawn from at least two years of history.
Price-cut pressure
% of active listings
Sep 2026 — 52% of active listings cut · median cut 6.1%
0%
25%
50%
75%
Oct ’24
Jan ’25
Apr ’25
Jul ’25
Oct ’25
Jan ’26
Apr ’26
Jul ’26
3-month averageSingle month
HOA fees per sqft
$ per sqft, monthly
$1.78 per sqft · Sep 2026
$0.00
$1.00
$2.00
$3.00
Oct ’24
Jan ’25
Apr ’25
Jul ’25
Oct ’25
Jan ’26
Apr ’26
Jul ’26
Median monthly HOA fee per square foot among closed sales.
How neighbourhoods compare across Fort Lauderdale
Median sale price, last 12 months. Tap a row to open its report.
Based on 98 closed transactions over the period shown · Updated Oct 3, 2026 · Medians drawn from fewer than 3 closings are flagged as low sample.