$7,658 Closing Credit*
$644,900
1,460 SqFt
3 Beds
•2 Full Baths
Niuris Nunez PA, Listing Office: Related ISG Realty, LLC.
Is South Miami Heights, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, South Miami Heights has remained a Seller's Market.
Key Takeaway
South Miami Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Miami Heights, FL
How much do homes in South Miami Heights, FL cost?
Median Sold Price
$548,500
$358/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$49,500(+9.9%)
Key Takeaway
Homes in South Miami Heights have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in South Miami Heights was $548,500 in December 2024, up 9.9% from last year, and the median price per square foot was $358.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | - | N/A |
| 2 Bedrooms | $165.5K | $192K | +16.0% |
| 3 Bedrooms | $489.9K | $525K | +7.2% |
| 4 Bedrooms | $548K | $575K | +4.9% |
| 5+ Bedrooms | $760K | $670K | -11.8% |
Summary: South Miami Heights housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 11.8%.
Housing Supply in South Miami Heights, FL
How many homes are available in South Miami Heights, FL?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 103 | 108 | +4.9% |
Summary: The South Miami Heights real estate market had 108 homes for sale in December 2024, a 4.9% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 49 | 47 | -4.1% |
| 4 Bedrooms | 26 | 31 | +19.2% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The South Miami Heights housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 12 | 19 | +58.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Miami Heights, you may be able to get a good deal. 68.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in South Miami Heights in December 2024, up by 58.3% month-over-month. Of the 19 sold homes, 68% were sold under asking, 21% were sold at asking, and 11% were sold over asking.
Days on Market for South Miami Heights, FL
How long does it take to sell a home in South Miami Heights, FL?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 19 Days | 45 Days | +139.5% |
Summary: Homes in South Miami Heights had an average of 45 days on market in Dec 2024, up by 139.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in South Miami Heights has remained consistent over time.
Summary: During December 2024, 19 homes were sold in South Miami Heights; 32% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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