$1,841 Closing Credit*
$155,000
775 SqFt
1 Bed
•1 Full Bath
Bertha Guadamuz, Listing Office: MLM 550 Realty, Inc.
Is Miami Gardens, 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, Miami Gardens was a Seller's Market.
Key Takeaway
Miami Gardens is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Miami Gardens, FL
How much do homes in Miami Gardens, FL cost?
Median Sold Price
$475,000
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,075(+8.0%)
Key Takeaway
Homes in Miami Gardens have sold for 8% more than they did a year ago.
Summary: The median home sold price in Miami Gardens was $475,000 in October 2024, up 8% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $111K | $111K | 0.0% |
| 2 Bedrooms | $302.5K | $288.7K | -4.5% |
| 3 Bedrooms | $435K | $460K | +5.7% |
| 4 Bedrooms | $480K | $515K | +7.3% |
| 5+ Bedrooms | $530K | $577.2K | +8.9% |
Summary: Miami Gardens 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 decreased by 4.5%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Cities
| Opa-locka | $351K | $400K | +14.0% |
| West Park | $393K | $443K | +12.7% |
| Miramar-Pembroke Pines | $460.3K | $513.2K | +11.5% |
| Miami Gardens | $439.9K | $475K | +8.0% |
| Miramar | $500K | $540K | +8.0% |
Housing Supply in Miami Gardens, FL
How many homes are available in Miami Gardens, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 305 | 324 | +6.2% |
Summary: The Miami Gardens real estate market had 324 homes for sale in October 2024, a 6.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 24 | +14.3% |
| 2 Bedrooms | 38 | 39 | +2.6% |
| 3 Bedrooms | 131 | 153 | +16.8% |
| 4 Bedrooms | 89 | 81 | -9.0% |
| 5+ Bedrooms | 26 | 27 | +3.8% |
Summary: The Miami Gardens housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 16.8%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes increased by 3.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 52 | 36 | -30.8% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Miami Gardens, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Miami Gardens in October 2024, down by 30.8% month-over-month. Of the 36 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Miami Gardens, FL
How long does it take to sell a home in Miami Gardens, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 45 Days | +62.4% |
Summary: Homes in Miami Gardens had an average of 45 days on market in Oct 2024, up by 62.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Miami Gardens are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 36 homes were sold in Miami Gardens; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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