$5,344 Closing Credit*
$450,000
1,283 SqFt
3 Beds
•2 Full Baths
Alexei Basanta Perez, Listing Office: Keller Williams Realty Premier Properties
Is South Naranja, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, South Naranja was a Seller's Market.
Key Takeaway
South Naranja is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Naranja, FL
How much do homes in South Naranja, FL cost?
Median Sold Price
$479,000
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$54,000(+12.7%)
Key Takeaway
Homes in South Naranja have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in South Naranja was $479,000 in November 2024, up 12.7% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230.5K | $322.5K | +39.9% |
| 2 Bedrooms | $254K | $300K | +18.1% |
| 3 Bedrooms | $420K | $469K | +11.7% |
| 4 Bedrooms | $450K | $510K | +13.3% |
| 5+ Bedrooms | $543K | $640K | +17.9% |
Summary: South Naranja housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.9%, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 17.9%.
Median Sold Price Compared To Nearby Neighborhoods
| South Naranja | $425K | $479K | +12.7% |
| East Homestead | $430K | $450K | +4.7% |
Housing Supply in South Naranja, FL
How many homes are available in South Naranja, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 78 | 73 | -6.4% |
Summary: The South Naranja real estate market had 73 homes for sale in November 2024, a 6.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 40 | 30 | -25.0% |
| 4 Bedrooms | 21 | 24 | +14.3% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The South Naranja 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 increased by 42.9%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 9 | -40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Naranja, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in South Naranja in November 2024, down by 40.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for South Naranja, FL
How long does it take to sell a home in South Naranja, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 27 Days | -17.1% |
Summary: Homes in South Naranja had an average of 27 days on market in Nov 2024, down by 17.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were 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 Naranja are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in South Naranja; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% 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.