$10,000 Closing Credit*
$1,249,900
1,457 SqFt
3 Beds
•2 Full Baths
Victor Camero, Listing Office: Luxe Properties
Is South Miami City West, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, South Miami City West has remained a Buyer's Market.
Key Takeaway
South Miami City West is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Miami City West, FL
How much do homes in South Miami City West, FL cost?
Median Sold Price
$1,052,500
$535/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$2,472,500(-70.1%)
Key Takeaway
Homes in South Miami City West have sold for 70.1% less than they did a month ago.
Summary: The median home sold price in South Miami City West was $1,052,500 in October 2024, down 70.1% from last month, and the median price per square foot was $535.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $1.0M | N/A |
| 4 Bedrooms | $1.6M | - | N/A |
| 5+ Bedrooms | $4.8M | - | N/A |
Summary: South Miami City West housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in South Miami City West, FL
How many homes are available in South Miami City West, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 26 | -7.1% |
Summary: The South Miami City West real estate market had 26 homes for sale in October 2024, a 7.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The South Miami City West housing inventory by bedroom type for October 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 remained the same, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Miami City West, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in South Miami City West in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for South Miami City West, FL
How long does it take to sell a home in South Miami City West, FL?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 80 Days | 53 Days | -33.7% |
Summary: Homes in South Miami City West had an average of 53 days on market in Oct 2024, down by 33.7% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in South Miami City West has remained consistent over time.
Summary: During October 2024, 2 homes were sold in South Miami City West; 0% of homes were sold within 30 days, 100% 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.