The Margate market

Market report · Neighbourhood · Sep 2026

The Margate market, in numbers

Homes in Margate typically sell in about 86 days, close around 2.2% under ask, prices are down 19.3% on a year ago. With 46.9 months of inventory, it’s a buyer’s market.

Median sale price

$305k

↑ +58.4% MoM↓ −19.3% YoY

23 sales closed in Sep 2026

Median rent

$1,800/mo

↓ −5.3% MoM↓ −1.4% YoY

21 leases closed in Sep 2026

Time to sell

86 days

typical days on market

Days from listing to going under contract.

Negotiation room

2.2% under ask

typical closing vs asking price

How far below the asking price homes typically close.

Months of inventory

46.9 mo

buyer’s market

Active listings divided by the monthly sales pace. Under 4 months favors sellers; over 6 favors buyers.

Gross rental yield

7.1%

yearly rent ÷ sale price

A year of median rent as a share of the median sale price.

Your questions, answered

Straight answers from Margate’s closed transactions.

What does a home here cost?

The median sale closed at $305k in Sep 2026, down 19.3% on a year ago. Typical sales ranged $81k–$460k.

What income do you need to buy here?

At a 6.5% 30-year mortgage with 20% down, the median home runs about $2,439/mo including taxes and HOA — comfortable at a household income around $98k a year, using the 30% rule. Renting instead costs $1,800/mo.

Is now a good time to buy?

46.9 months of inventory points to a buyer’s market, and sellers are accepting about 2.2% under ask. Prices have eased over the past year, which favors patient buyers.

How fast do homes sell?

About 86 days from listing to contract in Sep 2026. The pace picks up toward September and slows around January.

How much room is there to negotiate?

Closings typically land 2.2% under asking price, and 54% of active listings have already reduced their price (median cut 6.7%).

When is the best time to list?

Closings peak in September and bottom out around January. Listing four to six weeks ahead of the peak historically gets the most eyes.

Is it a good rental investment?

A year of median rent ($1,800/mo) equals 7.1% of the median sale price, before fees and taxes.

Buying vs renting

Price-to-rent ratio is 14.1 — buying typically starts to beat renting after roughly 3–4 years here.

To buy — median sale price

Sale price, $

$305k↑ +58.4% MoM↓ −19.3% YoY

Sep 2026 — median $305k · 23 sales · 86 days on market

$200k

$400k

$600k

$800k

Oct ’25

Dec ’25

Feb ’26

Apr ’26

Jun ’26

Aug ’26

To rent — median monthly rent

Monthly rent, $

$1,800/mo↓ −5.3% MoM↓ −1.4% YoY

Sep 2026 — median $1,800/mo · 21 leases · 71 days on market

$1,000

$2,000

$3,000

$4,000

$5,000

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

—

$1,250/mo

1 closed Low sample

1 bed

$82k

$1,568/mo

83 closed

2 beds

$187k

$1,884/mo

257 closed

3 beds

$459k

$2,902/mo

120 closed

What sells here

Sales mix and median price by property type, last 12 months.

Condo

$128k

45% of sales · 113 closed

House

$462k

45% of sales · 113 closed

Townhouse

$311k

9% of sales · 23 closed

Market depth

Supply and demand

Listings per month

Sep 2026 — 23 closed · 50 new · 782 active

200

400

600

800

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 September

Average closings by calendar month, drawn from at least two years of history.

Price-cut pressure

% of active listings

Sep 2026 — 54% of active listings cut · median cut 6.7%

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

$0.52 per sqft · Sep 2026

$0.00

$0.20

$0.40

$0.60

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.

Homes for sale in Margate →Rentals in Margate →

Based on 900 closed transactions over the period shown · Updated Oct 4, 2026 · Medians drawn from fewer than 3 closings are flagged as low sample.