$6,531 Closing Credit*
$550,000
1,882 SqFt
5 Beds
•3 Full Baths
Sherrie Lee, Listing Office: LoKation
Is South Naranja, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, South Naranja was a Seller's Market.
Key Takeaway
South Naranja is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in South Naranja, FL
How much do homes in South Naranja, FL cost?
Median Sold Price
$475,000
$329/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$54,500(+13.0%)
Key Takeaway
Homes in South Naranja have sold for 13% more than they did a year ago.
Summary: The median home sold price in South Naranja was $475,000 in October 2024, up 13% from last year, and the median price per square foot was $329.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230.5K | $322.5K | +39.9% |
| 2 Bedrooms | $246.5K | $320K | +29.8% |
| 3 Bedrooms | $415K | $466K | +12.3% |
| 4 Bedrooms | $450K | $515K | +14.4% |
| 5+ Bedrooms | $536K | $657.5K | +22.7% |
Summary: South Naranja housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.9%, 2 bedroom homes increased by 29.8%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 22.7%.
Median Sold Price Compared To Nearby Neighborhoods
| South Naranja | $420.5K | $475K | +13.0% |
| East Homestead | $425K | $454.9K | +7.0% |
Housing Supply in South Naranja, FL
How many homes are available in South Naranja, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 74 | 79 | +6.8% |
Summary: The South Naranja real estate market had 79 homes for sale in October 2024, a 6.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 39 | 42 | +7.7% |
| 4 Bedrooms | 21 | 21 | 0.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The South Naranja 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 increased by 14.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in South Naranja, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in South Naranja in October 2024, the same as the previous month. Of the 12 sold homes, 42% were sold under asking, 50% were sold at asking, and 8% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 97 Days | 60 Days | -38.6% |
Summary: Homes in South Naranja had an average of 60 days on market in Oct 2024, down by 38.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in South Naranja has remained consistent over time.
Summary: During October 2024, 12 homes were sold in South Naranja; 25% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 8% 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.