Is Miami Lakes, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Miami Lakes has remained a Seller's Market.
Housing Prices in Miami Lakes, FL
How much do homes in Miami Lakes, FL cost?
Median Sold Price
$652,500
$339/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Miami Lakes was $652,500 in April 2024, up 8.9% from last year, and the median price per square foot was $339.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $216.5K | -1.6% |
2 Bedrooms | $317.5K | $400K | +26.0% |
3 Bedrooms | $540K | $586.1K | +8.5% |
4 Bedrooms | $700K | $888K | +26.9% |
5+ Bedrooms | $1.1M | $1.0M | -2.3% |
Summary: Miami Lakes housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes increased by 26%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Cities
Hialeah | $401.4K | $451.4K | +12.5% |
Miami Gardens | $412K | $455K | +10.4% |
Miami Lakes | $599.3K | $652.5K | +8.9% |
Housing Supply in Miami Lakes, FL
How many homes are available in Miami Lakes, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
93 | 100 | +7.5% |
Summary: The Miami Lakes real estate market had 100 homes for sale in April 2024, a 7.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 13 | 14 | +7.7% |
3 Bedrooms | 31 | 33 | +6.5% |
4 Bedrooms | 30 | 30 | 0.0% |
5+ Bedrooms | 15 | 18 | +20.0% |
Summary: The Miami Lakes housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 6.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 17 | -10.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Miami Lakes in April 2024, down by 10.5% month-over-month. Of the 17 sold homes, 76% were sold under asking, 18% were sold at asking, and 6% were sold over asking.
Days on Market for Miami Lakes, FL
How long does it take to sell a home in Miami Lakes, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 54 Days | +99.8% |
Summary: Homes in Miami Lakes had an average of 54 days on market in Apr 2024, up by 99.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Miami Lakes; 35% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.