$10,000 Closing Credit*
$1,500,000
2,000 SqFt
4 Beds
•2 Full Baths
Gina Velasquez, Listing Office: Net Realty Services
Is El Portal, 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, El Portal was a Seller's Market.
Key Takeaway
El Portal is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in El Portal, FL
How much do homes in El Portal, FL cost?
Median Sold Price
$949,750
$614/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$15,250(-1.6%)
Key Takeaway
Homes in El Portal have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in El Portal was $949,750 in October 2024, down 1.6% from last year, and the median price per square foot was $614.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $775K | $877.5K | +13.2% |
| 3 Bedrooms | $881K | $926.7K | +5.2% |
| 4 Bedrooms | $1.2M | $1.6M | +28.0% |
| 5+ Bedrooms | $1.5M | $1.7M | +11.1% |
Summary: El Portal 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 13.2%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 28%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Cities
| Miami Shores | $990K | $1.2M | +24.7% |
| Miami | $522.8K | $560.4K | +7.2% |
| El Portal | $965K | $949.7K | -1.6% |
Housing Supply in El Portal, FL
How many homes are available in El Portal, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 24 | -7.7% |
Summary: The El Portal real estate market had 24 homes for sale in October 2024, a 7.7% decrease 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The El Portal 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 decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
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 El Portal, 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 El Portal in October 2024, down by 80.0% 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 El Portal, FL
How long does it take to sell a home in El Portal, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 109 Days | 183 Days | +67.9% |
Summary: Homes in El Portal had an average of 183 days on market in Oct 2024, up by 67.9% 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 El Portal are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in El Portal; 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.