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The Margate market
Market report · Neighbourhood · Oct 2026
The Margate market, in numbers
Homes in Margate typically sell in about 156 days, close around 3.7% under ask, prices are up 0.0% on a year ago. With 42.8 months of inventory, it’s a buyer’s market.
Median sale price
$170k
↓ −44.3% MoM↑ +0.0% YoY
16 sales closed in Oct 2026
Median rent
$1,900/mo
↑ +5.6% MoM↓ −5.0% YoY
15 leases closed in Oct 2026
Time to sell
156 days
typical days on market
Days from listing to going under contract.
Negotiation room
3.7% under ask
typical closing vs asking price
How far below the asking price homes typically close.
Months of inventory
42.8 mo
buyer’s market
Active listings divided by the monthly sales pace. Under 4 months favors sellers; over 6 favors buyers.
Gross rental yield
13.4%
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 $170k in Oct 2026, up 0.0% on a year ago. Typical sales ranged $66k–$489k.
What income do you need to buy here?
At a 6.5% 30-year mortgage with 20% down, the median home runs about $1,689/mo including taxes and HOA — comfortable at a household income around $68k a year, using the 30% rule. Renting instead costs $1,900/mo.
Is now a good time to buy?
42.8 months of inventory points to a buyer’s market, and sellers are accepting about 3.7% under ask. Prices are roughly flat on a year ago.
How fast do homes sell?
About 156 days from listing to contract in Oct 2026. The pace picks up toward September and slows around January.
How much room is there to negotiate?
Closings typically land 3.7% 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 ($1,900/mo) equals 13.4% of the median sale price, before fees and taxes.
Buying vs renting
Price-to-rent ratio is 7.5 — buying typically starts to beat renting after roughly 3–4 years here.
To buy — median sale price
Sale price, $
$170k↓ −44.3% MoM↑ +0.0% YoY
Oct 2026 — median $170k · 16 sales · 156 days on market
$0
$200k
$400k
$600k
$800k
Nov ’25
Jan ’26
Mar ’26
May ’26
Jul ’26
Sep ’26
To rent — median monthly rent
Monthly rent, $
$1,900/mo↑ +5.6% MoM↓ −5.0% YoY
Oct 2026 — median $1,900/mo · 15 leases · 57 days on market
$1,000
$2,000
$3,000
$4,000
$5,000
Nov ’25
Jan ’26
Mar ’26
May ’26
Jul ’26
Sep ’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
—
$1,100/mo
1 closed Low sample
1 bed
$83k
$1,552/mo
78 closed
2 beds
$188k
$1,874/mo
258 closed
3 beds
$456k
$2,968/mo
120 closed
What sells here
Sales mix and median price by property type, last 12 months.
Condo
$130k
45% of sales · 110 closed
House
$458k
45% of sales · 109 closed
Townhouse
$306k
10% of sales · 23 closed
Market depth
Supply and demand
Listings per month
Oct 2026 — 16 closed · 30 new · 770 active
0
200
400
600
800
Nov ’24
Feb ’25
May ’25
Aug ’25
Nov ’25
Feb ’26
May ’26
Aug ’26
ClosedActive (on market)New listings
Seasonality
Avg closings
Listings move fastest in September
0
5
10
15
20
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
Oct 2026 — 54% of active listings cut · median cut 6.7%
0%
25%
50%
75%
Nov ’24
Feb ’25
May ’25
Aug ’25
Nov ’25
Feb ’26
May ’26
Aug ’26
3-month averageSingle month
HOA fees per sqft
$ per sqft, monthly
$0.58 per sqft · Oct 2026
$0.00
$0.20
$0.40
$0.60
Nov ’24
Feb ’25
May ’25
Aug ’25
Nov ’25
Feb ’26
May ’26
Aug ’26
Median monthly HOA fee per square foot among closed sales.
Based on 893 closed transactions over the period shown · Updated Nov 1, 2026 · Medians drawn from fewer than 3 closings are flagged as low sample.