$10,000 Closing Credit*
$890,000
3 Beds
•3 Full Baths, 1 Partial
Ramon Valls, Listing Office: Miami Partner Realty, LLC
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 October 2023
Since last year, East South Miami has remained a Seller's Market.
Key Takeaway
East South Miami is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East South Miami, FL
How much do homes in East South Miami, FL cost?
Median Sold Price
$817,500
$574/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$80,000(+10.8%)
Key Takeaway
Homes in East South Miami have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in East South Miami was $817,500 in October 2024, up 10.8% from last year, and the median price per square foot was $574.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $309.5K | $325K | +5.0% |
| 2 Bedrooms | $540K | $590K | +9.3% |
| 3 Bedrooms | $767.5K | $777.5K | +1.3% |
| 4 Bedrooms | $948K | $1.1M | +17.4% |
| 5+ Bedrooms | $760K | $1.6M | +121.1% |
Summary: East South Miami housing prices by bedroom type for October 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 increased by 1.3%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 121.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Coral Gables Riviera | $1.5M | $1.8M | +19.7% |
| South Coral Terrace | $645K | $737K | +14.3% |
| East South Miami | $737.5K | $817.5K | +10.8% |
| Granada | $1.4M | $1.6M | +9.2% |
| Biltmore | $1.8M | $1.9M | +6.4% |
Housing Supply in East South Miami, FL
How many homes are available in East South Miami, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 32 | +23.1% |
Summary: The East South Miami real estate market had 32 homes for sale in October 2024, a 23.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The East South Miami 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 10%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
7 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 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 7 homes were sold or pending in East South Miami in October 2024, up by 250.0% month-over-month. Of the 7 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 63 Days | +129.1% |
Summary: Homes in East South Miami had an average of 63 days on market in Oct 2024, up by 129.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in East South Miami has remained consistent over time.
Summary: During October 2024, 7 homes were sold in East South Miami; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% 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.