$280,500
0.40 Acres
Land
Sherri Denning, Listing Office: Southern Heritage Real Estate
Is West Homestead, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, West Homestead has remained a Buyer's Market.
Key Takeaway
West Homestead is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Homestead, FL
How much do homes in West Homestead, FL cost?
Median Sold Price
$760,000
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$92,500(+13.9%)
Key Takeaway
Homes in West Homestead have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in West Homestead was $760,000 in November 2024, up 13.9% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.3M | - | N/A |
| 2 Bedrooms | $562.5K | - | N/A |
| 3 Bedrooms | $550K | $747.5K | +35.9% |
| 4 Bedrooms | $679.9K | $735K | +8.1% |
| 5+ Bedrooms | $1.3M | $1.5M | +11.1% |
Summary: West Homestead housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 35.9%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 11.1%.
Housing Supply in West Homestead, FL
How many homes are available in West Homestead, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 39 | +8.3% |
Summary: The West Homestead real estate market had 39 homes for sale in November 2024, a 8.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The West Homestead housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Homestead, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in West Homestead in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for West Homestead, FL
How long does it take to sell a home in West Homestead, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 36 Days | -36.3% |
Summary: Homes in West Homestead had an average of 36 days on market in Nov 2024, down by 36.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in West Homestead has remained consistent over time.
Summary: During November 2024, 1 homes were sold in West Homestead; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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