$9,441 Closing Credit*
$795,000
1,896 SqFt
4 Beds
•2 Full Baths
Eugenio Lopez, Listing Office: MDZ Realty, LLC.
Is South Westside, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, South Westside has remained a Seller's Market.
Key Takeaway
South Westside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Westside, FL
How much do homes in South Westside, FL cost?
Median Sold Price
$684,809
$401/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$54,809(+8.7%)
Key Takeaway
Homes in South Westside have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in South Westside was $684,809 in October 2024, up 8.7% from last year, and the median price per square foot was $401.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $204.5K | $230K | +12.5% |
| 2 Bedrooms | $300K | $335K | +11.7% |
| 3 Bedrooms | $606K | $651K | +7.4% |
| 4 Bedrooms | $670K | $750K | +11.9% |
| 5+ Bedrooms | $785.5K | $799K | +1.7% |
Summary: South Westside housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
| North Westside | $448K | $490K | +9.4% |
| South Westside | $630K | $684.8K | +8.7% |
| Kendall-Palmetto Bay | $744.6K | $779.6K | +4.7% |
Housing Supply in South Westside, FL
How many homes are available in South Westside, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 220 | 222 | +0.9% |
Summary: The South Westside real estate market had 222 homes for sale in October 2024, a 0.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 14 | +16.7% |
| 2 Bedrooms | 20 | 19 | -5.0% |
| 3 Bedrooms | 80 | 86 | +7.5% |
| 4 Bedrooms | 76 | 69 | -9.2% |
| 5+ Bedrooms | 32 | 34 | +6.3% |
Summary: The South Westside housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 40 | +5.3% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Westside, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in South Westside in October 2024, up by 5.3% month-over-month. Of the 40 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for South Westside, FL
How long does it take to sell a home in South Westside, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 40 Days | -8.1% |
Summary: Homes in South Westside had an average of 40 days on market in Oct 2024, down by 8.1% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Westside are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 40 homes were sold in South Westside; 63% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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