Is West Tamiami, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Tamiami is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, West Tamiami was a Seller's Market.

Key Takeaway

West 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 West Tamiami, FL

How much do homes in West Tamiami, FL cost?

Median Sold Price

$700,000

$357/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$52,500(+8.1%)

Key Takeaway

Homes in West Tamiami have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in West Tamiami was $700,000 in November 2024, up 8.1% from last year, and the median price per square foot was $357.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $610K$605K
-0.8%
4 $650K$720K
+10.8%
5+ $835K$845K
+1.2%

Summary: West Tamiami 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 decreased by 0.8%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 1.2%.

Median Sold Price Compared To Nearby Neighborhoods

Corsica Place
+14.9%
West Tamiami
+8.1%

Housing Supply in West Tamiami, FL

How many homes are available in West Tamiami, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4348+11.6%

Summary: The West Tamiami real estate market had 48 homes for sale in November 2024, a 11.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 810
+25.0%
4 2427
+12.5%
5+ 1010
0.0%

Summary: The West Tamiami 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 increased by 25%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Tamiami, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in West Tamiami in November 2024, up by 100.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.

Days on Market for West Tamiami, FL

How long does it take to sell a home in West Tamiami, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
10 Days57 Days+434.4%

Summary: Homes in West Tamiami had an average of 57 days on market in Nov 2024, up by 434.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Tamiami are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 8 homes were sold in West Tamiami; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

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