$7,588 Closing Credit*
$639,000
918 SqFt
3 Beds
•2 Full Baths
Laura Rodriguez Ramos, Listing Office: Luxe Properties
Is Olympia Heights, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Olympia Heights has remained a Seller's Market.
Key Takeaway
Olympia Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Olympia Heights, FL
How much do homes in Olympia Heights, FL cost?
Median Sold Price
$687,500
$417/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$102,500(+17.5%)
Key Takeaway
Homes in Olympia Heights have sold for 17.5% more than they did a year ago.
Summary: The median home sold price in Olympia Heights was $687,500 in November 2024, up 17.5% from last year, and the median price per square foot was $417.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $459.5K | - | N/A |
| 3 Bedrooms | $533.7K | $615K | +15.2% |
| 4 Bedrooms | $628.5K | $695K | +10.6% |
| 5+ Bedrooms | $750K | $760K | +1.3% |
Summary: Olympia Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Heftler Homes | $597K | $705K | +18.1% |
| Olympia Heights | $585K | $687.5K | +17.5% |
| Westwood Lake | $585K | $677.5K | +15.8% |
| Tropical Estates | $610K | $640K | +4.9% |
Housing Supply in Olympia Heights, FL
How many homes are available in Olympia Heights, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Summary: The Olympia Heights real estate market had 27 homes for sale in November 2024, a 8.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Olympia Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Olympia Heights, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Olympia Heights in November 2024, up by 133.3% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Olympia Heights, FL
How long does it take to sell a home in Olympia Heights, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 30 Days | +167.2% |
Summary: Homes in Olympia Heights had an average of 30 days on market in Nov 2024, up by 167.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Olympia Heights are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Olympia Heights; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% 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.