Is Kendale Lakes-Tamiami, 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, Kendale Lakes-Tamiami has remained a Seller's Market.
Key Takeaway
Kendale Lakes-Tamiami is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kendale Lakes-Tamiami, FL
How much do homes in Kendale Lakes-Tamiami, FL cost?
Median Sold Price
$546,059
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Kendale Lakes-Tamiami have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in Kendale Lakes-Tamiami was $546,059 in May 2024, up 12.9% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $237.5K | +18.8% |
| 2 Bedrooms | $288.4K | $320K | +10.9% |
| 3 Bedrooms | $459.9K | $524K | +13.9% |
| 4 Bedrooms | $630K | $691.8K | +9.8% |
| 5+ Bedrooms | $775K | $850K | +9.7% |
Summary: Kendale Lakes-Tamiami housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.8%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Cities
| Kendall-Palmetto Bay | $697.9K | $791.2K | +13.4% |
| Kendale Lakes-Tamiami | $483.8K | $546K | +12.9% |
| North Westside | $431.5K | $485.4K | +12.5% |
| South Westside | $599.9K | $654.7K | +9.1% |
Housing Supply in Kendale Lakes-Tamiami, FL
How many homes are available in Kendale Lakes-Tamiami, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,014 | 1,021 | +0.7% |
Summary: The Kendale Lakes-Tamiami real estate market had 1,021 homes for sale in May 2024, a 0.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 36 | 34 | -5.6% |
| 2 Bedrooms | 203 | 200 | -1.5% |
| 3 Bedrooms | 385 | 371 | -3.6% |
| 4 Bedrooms | 264 | 285 | +8.0% |
| 5+ Bedrooms | 126 | 131 | +4.0% |
Summary: The Kendale Lakes-Tamiami housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.6%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 229 | 195 | -14.8% |
Asking Price vs. Sold Price
119 Homes Were Sold
Under Asking
43 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kendale Lakes-Tamiami, you may be able to get a good deal. 61% of homes here sold below asking price last month.
Summary: A total of 195 homes were sold or pending in Kendale Lakes-Tamiami in May 2024, down by 14.8% month-over-month. Of the 195 sold homes, 61% were sold under asking, 22% were sold at asking, and 17% were sold over asking.
Days on Market for Kendale Lakes-Tamiami, FL
How long does it take to sell a home in Kendale Lakes-Tamiami, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 46 Days | +30.6% |
Summary: Homes in Kendale Lakes-Tamiami had an average of 46 days on market in May 2024, up by 30.6% compared to last year.
Breakdown of Home Sale Times
112 Homes Were Sold
Under 30 Days
54 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kendale Lakes-Tamiami are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 195 homes were sold in Kendale Lakes-Tamiami; 57% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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