$10,000 Closing Credit*
$1,150,000
3 Beds
•2 Full Baths, 1 Partial
Irene Navarro, Listing Office: Lifestyle International Realty
Is East South Miami, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, East South Miami was a Seller's Market.
Key Takeaway
East South Miami is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East South Miami, FL
How much do homes in East South Miami, FL cost?
Median Sold Price
$810,250
$560/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$85,250(+11.8%)
Key Takeaway
Homes in East South Miami have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in East South Miami was $810,250 in November 2024, up 11.8% from last year, and the median price per square foot was $560.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $309.5K | $325K | +5.0% |
| 2 Bedrooms | $540K | $590K | +9.3% |
| 3 Bedrooms | $767.5K | $740K | -3.6% |
| 4 Bedrooms | $797.5K | $1.1M | +39.5% |
| 5+ Bedrooms | $760K | $1.6M | +121.1% |
Summary: East South Miami housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 9.3%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 39.5%, and 5+ bedroom homes increased by 121.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Coral Gables Riviera | $1.5M | $1.8M | +17.4% |
| South Coral Terrace | $650K | $755K | +16.2% |
| East South Miami | $725K | $810.2K | +11.8% |
| Granada | $1.5M | $1.6M | +6.7% |
Housing Supply in East South Miami, FL
How many homes are available in East South Miami, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 30 | -14.3% |
Summary: The East South Miami real estate market had 30 homes for sale in November 2024, a 14.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 11 | 8 | -27.3% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The East South Miami housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 1 | -85.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East South Miami, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in East South Miami in November 2024, down by 85.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for East South Miami, FL
How long does it take to sell a home in East South Miami, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 133 Days | +873.2% |
Summary: Homes in East South Miami had an average of 133 days on market in Nov 2024, up by 873.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in East South Miami are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in East South Miami; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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.