$2,889,900
4,609 SqFt
6 Beds
•5 Full Baths
Damian Zapata, Listing Office: Broker 305
Is Tamiami, 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, Tamiami was a Seller's Market.
Key Takeaway
Tamiami 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 Tamiami, FL
How much do homes in Tamiami, FL cost?
Median Sold Price
$510,000
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,000(+2.6%)
Key Takeaway
Homes in Tamiami have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Tamiami was $510,000 in October 2024, up 2.6% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $222.5K | $200K | -10.1% |
| 2 Bedrooms | $270K | $292.5K | +8.3% |
| 3 Bedrooms | $500K | $526.2K | +5.3% |
| 4 Bedrooms | $630K | $772K | +22.5% |
| 5+ Bedrooms | $1.0M | $1.5M | +47.0% |
Summary: Tamiami housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.1%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 22.5%, and 5+ bedroom homes increased by 47%.
Housing Supply in Tamiami, FL
How many homes are available in Tamiami, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 105 | 119 | +13.3% |
Summary: The Tamiami real estate market had 119 homes for sale in October 2024, a 13.3% 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 | 39 | 43 | +10.3% |
| 3 Bedrooms | 34 | 39 | +14.7% |
| 4 Bedrooms | 19 | 23 | +21.1% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Tamiami 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 10.3%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 19 | +35.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Tamiami, you may be able to get a good deal. 84.2% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Tamiami in October 2024, up by 35.7% month-over-month. Of the 19 sold homes, 84% were sold under asking, 11% were sold at asking, and 5% were sold over asking.
Days on Market for Tamiami, FL
How long does it take to sell a home in Tamiami, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 57 Days | +117.5% |
Summary: Homes in Tamiami had an average of 57 days on market in Oct 2024, up by 117.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tamiami are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in Tamiami; 47% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 32% 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.