$6,500,000
6 Beds
•7 Full Baths, 1 Partial
Guillermo Vento, Listing Office: Luxe International Realty Inc
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
$1,100,000
$566/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$47,500(+4.5%)
Key Takeaway
Homes in South Miami City West have sold for 4.5% more than they did a month ago.
Summary: The median home sold price in South Miami City West was $1,100,000 in November 2024, up 4.5% from last month, and the median price per square foot was $566.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $1.0M | $964.3K | -8.4% |
| 4 Bedrooms | - | $1.3M | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: South Miami City West housing prices by bedroom type for November 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 decreased by 8.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| South Miami City West | $1.0M | $1.1M | +4.5% |
| Catalina Lakes | $1.1M | $700K | -37.5% |
Housing Supply in South Miami City West, FL
How many homes are available in South Miami City West, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Summary: The South Miami City West real estate market had 25 homes for sale in November 2024, a 3.8% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The South Miami City West 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 decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 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 3 homes were sold or pending in South Miami City West in November 2024, up by 50.0% month-over-month. Of the 3 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 72 Days | +35.8% |
Summary: Homes in South Miami City West had an average of 72 days on market in Nov 2024, up by 35.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South Miami City West are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in South Miami City West; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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.