$4,988 Closing Credit*
$420,000
1,408 SqFt
3 Beds
•2 Full Baths, 1 Partial
Manuel Mendoza-Cardenal, Listing Office: Miami Family Real Estate
Is East Homestead, 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, East Homestead was a Seller's Market.
Key Takeaway
East Homestead is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Homestead, FL
How much do homes in East Homestead, FL cost?
Median Sold Price
$454,900
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,900(+7.0%)
Key Takeaway
Homes in East Homestead have sold for 7% more than they did a year ago.
Summary: The median home sold price in East Homestead was $454,900 in October 2024, up 7% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $283K | $295K | +4.2% |
| 3 Bedrooms | $380K | $415K | +9.2% |
| 4 Bedrooms | $460K | $502K | +9.1% |
| 5+ Bedrooms | $540K | $572K | +5.9% |
Summary: East Homestead housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Neighborhoods
| South Naranja | $420.5K | $475K | +13.0% |
| Waterstone | $409K | $447.5K | +9.4% |
| Malibu Bay | $328K | $355K | +8.2% |
| East Homestead | $425K | $454.9K | +7.0% |
Housing Supply in East Homestead, FL
How many homes are available in East Homestead, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 126 | 137 | +8.7% |
Summary: The East Homestead real estate market had 137 homes for sale in October 2024, a 8.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 58 | 64 | +10.3% |
| 4 Bedrooms | 39 | 43 | +10.3% |
| 5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The East Homestead 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 9.1%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 18 | -18.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Homestead, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in East Homestead in October 2024, down by 18.2% month-over-month. Of the 18 sold homes, 50% were sold under asking, 28% were sold at asking, and 22% were sold over asking.
Days on Market for East Homestead, FL
How long does it take to sell a home in East Homestead, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 48 Days | +64.1% |
Summary: Homes in East Homestead had an average of 48 days on market in Oct 2024, up by 64.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in East Homestead has remained consistent over time.
Summary: During October 2024, 18 homes were sold in East Homestead; 33% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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