$6,401 Closing Credit*
$539,000
936 SqFt
3 Beds
•2 Full Baths
Jose Arrazcaeta, Listing Office: Active Community Realty
Is Hialeah, 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, Hialeah was a Seller's Market.
Key Takeaway
Hialeah is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hialeah, FL
How much do homes in Hialeah, FL cost?
Median Sold Price
$463,609
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$33,438(+7.8%)
Key Takeaway
Homes in Hialeah have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Hialeah was $463,609 in October 2024, up 7.8% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $200K | +2.6% |
| 2 Bedrooms | $270.3K | $280K | +3.6% |
| 3 Bedrooms | $479.7K | $518.9K | +8.2% |
| 4 Bedrooms | $590K | $630K | +6.8% |
| 5+ Bedrooms | $675K | $750K | +11.1% |
Summary: Hialeah housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Cities
| Opa-locka | $351K | $400K | +14.0% |
| Hialeah | $430.1K | $463.6K | +7.8% |
| Miami Springs | $662.5K | $705K | +6.4% |
| Miami Lakes | $625K | $640K | +2.4% |
| Hialeah Gardens | $430K | $330K | -23.3% |
Housing Supply in Hialeah, FL
How many homes are available in Hialeah, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 792 | 868 | +9.6% |
Summary: The Hialeah real estate market had 868 homes for sale in October 2024, a 9.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 59 | 70 | +18.6% |
| 2 Bedrooms | 240 | 275 | +14.6% |
| 3 Bedrooms | 298 | 317 | +6.4% |
| 4 Bedrooms | 147 | 146 | -0.7% |
| 5+ Bedrooms | 48 | 60 | +25.0% |
Summary: The Hialeah housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.6%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 92 | 90 | -2.2% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hialeah, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 90 homes were sold or pending in Hialeah in October 2024, down by 2.2% month-over-month. Of the 90 sold homes, 70% were sold under asking, 19% were sold at asking, and 11% were sold over asking.
Days on Market for Hialeah, FL
How long does it take to sell a home in Hialeah, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 52 Days | +65.0% |
Summary: Homes in Hialeah had an average of 52 days on market in Oct 2024, up by 65% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
34 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hialeah are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 90 homes were sold in Hialeah; 46% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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