$2,909 Closing Credit*
$245,000
629 SqFt
1 Bed
•1 Full Bath
Sonia Diaz, Listing Office: The Keyes Company
Is South Westside, 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 Westside was a Seller's Market.
Key Takeaway
South Westside is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Westside, FL
How much do homes in South Westside, FL cost?
Median Sold Price
$695,000
$402/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$62,500(+9.9%)
Key Takeaway
Homes in South Westside have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in South Westside was $695,000 in November 2024, up 9.9% from last year, and the median price per square foot was $402.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $239.5K | +16.8% |
| 2 Bedrooms | $300K | $342.5K | +14.2% |
| 3 Bedrooms | $612.5K | $660K | +7.8% |
| 4 Bedrooms | $680K | $750K | +10.3% |
| 5+ Bedrooms | $785.5K | $810K | +3.1% |
Summary: South Westside housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.8%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Cities
| South Westside | $632.5K | $695K | +9.9% |
| North Westside | $449.9K | $484.8K | +7.8% |
| Kendall-Palmetto Bay | $748.4K | $772.2K | +3.2% |
Housing Supply in South Westside, FL
How many homes are available in South Westside, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 219 | 216 | -1.4% |
Summary: The South Westside real estate market had 216 homes for sale in November 2024, a 1.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 12 | 0.0% |
| 2 Bedrooms | 18 | 19 | +5.6% |
| 3 Bedrooms | 89 | 78 | -12.4% |
| 4 Bedrooms | 69 | 73 | +5.8% |
| 5+ Bedrooms | 31 | 34 | +9.7% |
Summary: The South Westside 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 5.6%, 3 bedroom homes decreased by 12.4%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 9.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 30 | -34.8% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 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. 63.3% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in South Westside in November 2024, down by 34.8% month-over-month. Of the 30 sold homes, 63% were sold under asking, 30% were sold at asking, and 7% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 41 Days | +32.8% |
Summary: Homes in South Westside had an average of 41 days on market in Nov 2024, up by 32.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 30 homes were sold in South Westside; 60% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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