$7,303 Closing Credit*
$615,000
990 SqFt
2 Beds
•2 Full Baths
Fayruz Escaf, Listing Office: Lifestyle International Realty
Is Douglas Park, 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, Douglas Park was a Seller's Market.
Key Takeaway
Douglas Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Douglas Park, FL
How much do homes in Douglas Park, FL cost?
Median Sold Price
$749,500
$537/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$164,500(+28.1%)
Key Takeaway
Homes in Douglas Park have sold for 28.1% more than they did a year ago.
Summary: The median home sold price in Douglas Park was $749,500 in October 2024, up 28.1% from last year, and the median price per square foot was $537.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $369K | +5.4% |
| 2 Bedrooms | $525K | $537.5K | +2.4% |
| 3 Bedrooms | $800K | $986K | +23.3% |
| 4 Bedrooms | $1.3M | $1.2M | -4.6% |
| 5+ Bedrooms | $450K | $1.1M | +158.3% |
Summary: Douglas Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 23.3%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 158.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Douglas Park | $585K | $749.5K | +28.1% |
| Coconut Grove | $1.4M | $1.6M | +12.1% |
| Shenandoah | $665K | $740K | +11.3% |
Housing Supply in Douglas Park, FL
How many homes are available in Douglas Park, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 139 | 158 | +13.7% |
Summary: The Douglas Park real estate market had 158 homes for sale in October 2024, a 13.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 26 | 28 | +7.7% |
| 2 Bedrooms | 53 | 65 | +22.6% |
| 3 Bedrooms | 30 | 36 | +20.0% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Douglas Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Douglas Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Douglas Park in October 2024, up by 8.3% month-over-month. Of the 13 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Douglas Park, FL
How long does it take to sell a home in Douglas Park, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 45 Days | -1.9% |
Summary: Homes in Douglas Park had an average of 45 days on market in Oct 2024, down by 1.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Douglas Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in Douglas Park; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.