$6,971 Closing Credit*
$587,000
1,539 SqFt
Kendra Concepcion, Listing Office: Miami New Realty
Is 33406, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 33406 was a Seller's Market.
Key Takeaway
33406 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 33406, FL
How much do homes in 33406, FL cost?
Median Sold Price
$402,500
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,500(+7.3%)
Key Takeaway
Homes in 33406 have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in 33406 was $402,500 in October 2024, up 7.3% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $139.5K | $133K | -4.7% |
| 2 Bedrooms | $280K | $297K | +6.1% |
| 3 Bedrooms | $430K | $460K | +7.0% |
| 4 Bedrooms | $622.5K | $585K | -6.0% |
| 5+ Bedrooms | $484K | $1.0M | +108.7% |
Summary: 33406 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 108.7%.
Housing Supply in 33406, FL
How many homes are available in 33406, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 130 | 130 | 0.0% |
Summary: The 33406 real estate market had 130 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 42 | 47 | +11.9% |
| 3 Bedrooms | 65 | 59 | -9.2% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 33406 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.9%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 15 | -34.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 33406, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 33406 in October 2024, down by 34.8% month-over-month. Of the 15 sold homes, 60% were sold under asking, 27% were sold at asking, and 13% were sold over asking.
Days on Market for 33406, FL
How long does it take to sell a home in 33406, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 49 Days | +61.5% |
Summary: Homes in 33406 had an average of 49 days on market in Oct 2024, up by 61.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 33406 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in 33406; 60% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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