Is El Portal, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, El Portal has remained a Buyer's Market.
Housing Prices in El Portal, FL
How much do homes in El Portal, FL cost?
Median Sold Price
$960,000
$586/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in El Portal was $960,000 in May 2024, up 1.1% from last year, and the median price per square foot was $586.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $775K | $826K | +6.6% |
3 Bedrooms | $950K | $954.5K | 0.5% |
4 Bedrooms | $1.0M | $1.5M | +43.4% |
5+ Bedrooms | - | $1.6M | N/A |
Summary: El Portal housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 43.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Miami | $501K | $549.9K | +9.8% |
Miami Shores | $1.0M | $1.0M | +7.9% |
El Portal | $950K | $960K | +1.1% |
Housing Supply in El Portal, FL
How many homes are available in El Portal, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 25 | +25.0% |
Summary: The El Portal real estate market had 25 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 8 | 13 | +62.5% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The El Portal housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 62.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in El Portal in May 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for El Portal, FL
How long does it take to sell a home in El Portal, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
188 Days | 36 Days | -80.6% |
Summary: Homes in El Portal had an average of 36 days on market in May 2024, down by 80.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in El Portal; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.