$10,000 Closing Credit*
$875,000
1,833 SqFt
3 Beds
•2 Full Baths
Litza Yanez, Listing Office: Lifestyle International Realty
Is Miami Lakes, 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 Lakes was a Seller's Market.
Key Takeaway
Miami Lakes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Miami Lakes, FL
How much do homes in Miami Lakes, FL cost?
Median Sold Price
$640,000
$357/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+2.4%)
Key Takeaway
Homes in Miami Lakes have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Miami Lakes was $640,000 in October 2024, up 2.4% from last year, and the median price per square foot was $357.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $211K | $221K | +4.7% |
| 2 Bedrooms | $415K | $380K | -8.4% |
| 3 Bedrooms | $585K | $610K | +4.3% |
| 4 Bedrooms | $810K | $927.5K | +14.5% |
| 5+ Bedrooms | $1.0M | $1.1M | +12.5% |
Summary: Miami Lakes housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes decreased by 8.4%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Cities
| Miami Gardens | $439.9K | $475K | +8.0% |
| Hialeah | $430.1K | $463.6K | +7.8% |
| Miami Lakes | $625K | $640K | +2.4% |
Housing Supply in Miami Lakes, FL
How many homes are available in Miami Lakes, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 99 | 111 | +12.1% |
Summary: The Miami Lakes real estate market had 111 homes for sale in October 2024, a 12.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 17 | 21 | +23.5% |
| 3 Bedrooms | 39 | 38 | -2.6% |
| 4 Bedrooms | 30 | 35 | +16.7% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Miami Lakes housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 23.5%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Miami Lakes, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Miami Lakes in October 2024, up by 7.7% month-over-month. Of the 14 sold homes, 86% were sold under asking, 7% were sold at asking, and 7% were sold over asking.
Days on Market for Miami Lakes, FL
How long does it take to sell a home in Miami Lakes, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 53 Days | +69.4% |
Summary: Homes in Miami Lakes had an average of 53 days on market in Oct 2024, up by 69.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Miami Lakes has remained consistent over time.
Summary: During October 2024, 14 homes were sold in Miami Lakes; 36% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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