Is Hialeah Gardens, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Hialeah Gardens was a Seller's Market.
Key Takeaway
Hialeah Gardens is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Hialeah Gardens, FL
How much do homes in Hialeah Gardens, FL cost?
Median Sold Price
$440,000
$336/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hialeah Gardens have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in Hialeah Gardens was $440,000 in April 2024, up 14.3% from last year, and the median price per square foot was $336.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $169K | $240K | +42.0% |
| 2 Bedrooms | $249K | $265K | +6.4% |
| 3 Bedrooms | $450K | $480K | +6.7% |
| 4 Bedrooms | $512.5K | $582K | +13.6% |
| 5+ Bedrooms | $1.3M | $1.7M | +28.3% |
Summary: Hialeah Gardens housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 28.3%.
Median Sold Price Compared To Nearby Cities
| Hialeah Gardens | $385K | $440K | +14.3% |
| Hialeah | $401.4K | $451.4K | +12.5% |
| North Westside | $428K | $473.7K | +10.7% |
Housing Supply in Hialeah Gardens, FL
How many homes are available in Hialeah Gardens, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 37 | -2.6% |
Summary: The Hialeah Gardens real estate market had 37 homes for sale in April 2024, a 2.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 17 | 16 | -5.9% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Hialeah Gardens housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hialeah Gardens, expect to pay close to the asking price. 83.3% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Hialeah Gardens in April 2024, down by 33.3% month-over-month. Of the 6 sold homes, 17% were sold under asking, 83% were sold at asking, and 0% were sold over asking.
Days on Market for Hialeah Gardens, FL
How long does it take to sell a home in Hialeah Gardens, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 45 Days | +18.5% |
Summary: Homes in Hialeah Gardens had an average of 45 days on market in Apr 2024, up by 18.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hialeah Gardens are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Hialeah Gardens; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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