Is Doral Area, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Doral Area is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Doral Area was a Seller's Market.

Key Takeaway

Doral Area is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Doral Area, FL

How much do homes in Doral Area, FL cost?

Median Sold Price

$595,000

$427/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$79,333(+15.4%)

Key Takeaway

Homes in Doral Area have sold for 15.4% more than they did a year ago.

Summary: The median home sold price in Doral Area was $595,000 in November 2024, up 15.4% from last year, and the median price per square foot was $427.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $245K$260K
+6.1%
2 $470K$391.5K
-16.7%
3 $685K$690K
+0.7%
4 $940K$930K
-1.1%
5+ $1.6M$1.6M
-0.9%

Summary: Doral Area housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 0.9%.

Median Sold Price Compared To Nearby Neighborhoods

Doral Area
+15.4%
Costa del Sol
+1.4%

Housing Supply in Doral Area, FL

How many homes are available in Doral Area, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2272280.4%

Summary: The Doral Area real estate market had 228 homes for sale in November 2024, a 0.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 8081
+1.3%
2 5348
-9.4%
3 5965
+10.2%
4 2627
+3.8%
5+ 97
-22.2%

Summary: The Doral Area housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.3%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2110-52.4%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Doral Area, you may be able to get a good deal. 90% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Doral Area in November 2024, down by 52.4% month-over-month. Of the 10 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% were sold over asking.

Days on Market for Doral Area, FL

How long does it take to sell a home in Doral Area, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
63 Days41 Days-34.4%

Summary: Homes in Doral Area had an average of 41 days on market in Nov 2024, down by 34.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Doral Area has remained consistent over time.

Summary: During November 2024, 10 homes were sold in Doral Area; 20% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Doral Area, FL

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