$5,807 Closing Credit*
$489,000
1,604 SqFt
4 Beds
•2 Full Baths
Andre McBeth, Listing Office: Preferred Realty Associates of Broward, LLC
Is West Park, 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, West Park was a Neutral Market.
Key Takeaway
West Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Park, FL
How much do homes in West Park, FL cost?
Median Sold Price
$448,500
$361/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$38,500(+9.4%)
Key Takeaway
Homes in West Park have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in West Park was $448,500 in November 2024, up 9.4% from last year, and the median price per square foot was $361.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $345K | $370K | +7.2% |
| 3 Bedrooms | $390K | $440K | +12.8% |
| 4 Bedrooms | $450K | $507.5K | +12.8% |
| 5+ Bedrooms | $486.7K | $577.5K | +18.6% |
Summary: West Park 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 increased by 7.2%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 18.6%.
Median Sold Price Compared To Nearby Cities
| Pembroke Park | $139K | $294K | +111.5% |
| West Park | $410K | $448.5K | +9.4% |
| Miami Gardens | $445.2K | $479.7K | +7.7% |
| Hollywood | $460.7K | $483.1K | +4.9% |
| Hallandale | $329K | $303.6K | -7.7% |
Housing Supply in West Park, FL
How many homes are available in West Park, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 40 | +5.3% |
Summary: The West Park real estate market had 40 homes for sale in November 2024, a 5.3% increase 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 22 | 23 | +4.5% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The West Park 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 25%, 3 bedroom homes increased by 4.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Park, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in West Park in November 2024, up by 40.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for West Park, FL
How long does it take to sell a home in West Park, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 27 Days | +151.9% |
Summary: Homes in West Park had an average of 27 days on market in Nov 2024, up by 151.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in West Park has remained consistent over time.
Summary: During November 2024, 7 homes were sold in West Park; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% 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.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.