$10,000 Closing Credit*
$879,000
1,583 SqFt
3 Beds
•2 Full Baths
Carlos Rivero, Listing Office: RE/MAX Advance Realty II
Is West Miami, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, West Miami was a Neutral Market.
Key Takeaway
West Miami is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Miami, FL
How much do homes in West Miami, FL cost?
Median Sold Price
$615,000
$679/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$165,000(-21.2%)
Key Takeaway
Homes in West Miami have sold for 21.2% less than they did a month ago.
Summary: The median home sold price in West Miami was $615,000 in November 2024, down 21.2% from last month, and the median price per square foot was $679.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $615K | N/A |
| 3 Bedrooms | $725K | - | N/A |
| 4 Bedrooms | $975K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: West Miami housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in West Miami, FL
How many homes are available in West Miami, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Summary: The West Miami real estate market had 17 homes for sale in November 2024, a 15.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The West Miami 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 remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
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 Miami, 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 Miami in November 2024, down by 66.7% 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 Miami, FL
How long does it take to sell a home in West Miami, FL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 9 Days | -62.0% |
Summary: Homes in West Miami had an average of 9 days on market in Nov 2024, down by 62% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Miami are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in West Miami; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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