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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Downtown Doral is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Downtown Doral has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Downtown Doral, FL

How much do homes in Downtown Doral, FL cost?

Median Sold Price

$564,000

$527/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$44,000(+8.5%)

Key Takeaway

Homes in Downtown Doral have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in Downtown Doral was $564,000 in November 2024, up 8.5% from last year, and the median price per square foot was $527.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $417.5K$420.2K
+0.6%
2 $520K$564.5K
+8.6%
3 $635K$720K
+13.4%
4 $852.5K-
N/A
5+ $865K$916.5K
+6.0%

Summary: Downtown Doral housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 13.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 6%.

Median Sold Price Compared To Nearby Neighborhoods

Doral Area
+15.4%
Downtown Doral
+8.5%

Housing Supply in Downtown Doral, FL

How many homes are available in Downtown Doral, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
56560.0%

Summary: The Downtown Doral real estate market had 56 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 910
+11.1%
2 2523
-8.0%
3 1921
+10.5%
4 22
0.0%
5+ 10
-100.0%

Summary: The Downtown Doral housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 10.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Downtown Doral, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Downtown Doral in November 2024, down by 66.7% month-over-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 Downtown Doral, FL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
30 Days35 Days+18.3%

Summary: Homes in Downtown Doral had an average of 35 days on market in Nov 2024, up by 18.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 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 Downtown Doral has remained consistent over time.

Summary: During November 2024, 2 homes were sold in Downtown Doral; 0% of homes were sold within 30 days, 100% 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 21 Days Ago

Newest Listings in Downtown Doral, FL

Nearby Markets to Downtown Doral, FL