$3,858 Closing Credit*
$324,900
890 SqFt
2 Beds
•1 Full Bath
Erin Marvasti, Listing Office: Reaction Realty Group, Inc.
Is West Park, 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, West Park was a Seller's Market.
Key Takeaway
West Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Park, FL
How much do homes in West Park, FL cost?
Median Sold Price
$443,000
$361/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,000(+12.7%)
Key Takeaway
Homes in West Park have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in West Park was $443,000 in October 2024, up 12.7% from last year, and the median price per square foot was $361.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $335K | $337.5K | +0.7% |
| 3 Bedrooms | $385K | $430K | +11.7% |
| 4 Bedrooms | $450K | $500K | +11.1% |
| 5+ Bedrooms | $449.2K | $577.5K | +28.5% |
Summary: West Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 28.5%.
Median Sold Price Compared To Nearby Cities
| Pembroke Park | $128.3K | $259K | +101.7% |
| West Park | $393K | $443K | +12.7% |
| Miami Gardens | $439.9K | $475K | +8.0% |
| Hollywood | $459.9K | $485K | +5.4% |
| Hallandale | $324.8K | $310K | -4.6% |
Housing Supply in West Park, FL
How many homes are available in West Park, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 36 | +2.9% |
Summary: The West Park real estate market had 36 homes for sale in October 2024, a 2.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 18 | 19 | +5.6% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The West Park 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 decreased by 28.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Park, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in West Park in October 2024, down by 50.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 69 Days | +108.2% |
Summary: Homes in West Park had an average of 69 days on market in Oct 2024, up by 108.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in West Park; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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.
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The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information 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. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.