Is South Westside, 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, South Westside has remained a Seller's Market.
Housing Prices in South Westside, FL
How much do homes in South Westside, FL cost?
Median Sold Price
$650,000
$379/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Westside was $650,000 in April 2024, up 8.5% from last year, and the median price per square foot was $379.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $217.5K | +24.3% |
2 Bedrooms | $365K | $315K | -13.7% |
3 Bedrooms | $550K | $630K | +14.5% |
4 Bedrooms | $660K | $701.5K | +6.3% |
5+ Bedrooms | $735K | $792K | +7.8% |
Summary: South Westside housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.3%, 2 bedroom homes decreased by 13.7%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 7.8%.
Median Sold Price Compared To Nearby Cities
North Westside | $428K | $473.7K | +10.7% |
Kendall-Palmetto Bay | $703.6K | $773.9K | +10.0% |
South Westside | $599K | $650K | +8.5% |
Housing Supply in South Westside, FL
How many homes are available in South Westside, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
194 | 195 | +0.5% |
Summary: The South Westside real estate market had 195 homes for sale in April 2024, a 0.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 11 | -15.4% |
2 Bedrooms | 16 | 15 | -6.3% |
3 Bedrooms | 69 | 76 | +10.1% |
4 Bedrooms | 61 | 60 | -1.6% |
5+ Bedrooms | 35 | 33 | -5.7% |
Summary: The South Westside housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15.4%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 10.1%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 5.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 33 | -31.3% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in South Westside in April 2024, down by 31.3% month-over-month. Of the 33 sold homes, 67% were sold under asking, 15% were sold at asking, and 18% were sold over asking.
Days on Market for South Westside, FL
How long does it take to sell a home in South Westside, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 39 Days | -7.7% |
Summary: Homes in South Westside had an average of 39 days on market in Apr 2024, down by 7.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 33 homes were sold in South Westside; 58% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.