$10,000 Closing Credit*
$1,470,000
1,674 SqFt
4 Beds
•3 Full Baths
Adrian Barzola, Listing Office: London Foster Realty
Is Granada, 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, Granada was a Seller's Market.
Key Takeaway
Granada is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Granada, FL
How much do homes in Granada, FL cost?
Median Sold Price
$1,600,000
$776/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$135,000(+9.2%)
Key Takeaway
Homes in Granada have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Granada was $1,600,000 in October 2024, up 9.2% from last year, and the median price per square foot was $776.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $306.5K | $297.5K | -2.9% |
| 2 Bedrooms | $775K | $842.5K | +8.7% |
| 3 Bedrooms | $1.3M | $1.4M | +6.1% |
| 4 Bedrooms | $2.2M | $2.2M | +3.4% |
| 5+ Bedrooms | $3.4M | $3.7M | +8.8% |
Summary: Granada housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Coral Gables Riviera | $1.5M | $1.8M | +19.7% |
| South Gables | $1.6M | $1.8M | +12.5% |
| Coral Gables Granada | $1.2M | $1.3M | +11.5% |
| Granada | $1.4M | $1.6M | +9.2% |
| Biltmore | $1.8M | $1.9M | +6.4% |
Housing Supply in Granada, FL
How many homes are available in Granada, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 127 | 136 | +7.1% |
Summary: The Granada real estate market had 136 homes for sale in October 2024, a 7.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 45 | 44 | -2.2% |
| 4 Bedrooms | 36 | 39 | +8.3% |
| 5+ Bedrooms | 28 | 33 | +17.9% |
Summary: The Granada housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 17.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Granada, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Granada in October 2024, down by 21.4% month-over-month. Of the 11 sold homes, 82% were sold under asking, 0% were sold at asking, and 18% were sold over asking.
Days on Market for Granada, FL
How long does it take to sell a home in Granada, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 65 Days | +12.1% |
Summary: Homes in Granada had an average of 65 days on market in Oct 2024, up by 12.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Granada are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Granada; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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