Is Doral, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Doral was a Seller's Market.
Key Takeaway
Doral is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Doral, FL
How much do homes in Doral, FL cost?
Median Sold Price
$585,250
$353/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Doral have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Doral was $585,250 in May 2024, up 11.1% from last year, and the median price per square foot was $353.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $261K | $272.5K | +4.4% |
| 2 Bedrooms | $385K | $420K | +9.1% |
| 3 Bedrooms | $540K | $585K | +8.3% |
| 4 Bedrooms | $715K | $757.5K | +5.9% |
| 5+ Bedrooms | $1.1M | $1.2M | +8.0% |
Summary: Doral housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Cities
| North Westside | $431.5K | $485.4K | +12.5% |
| Doral | $526.8K | $585.2K | +11.1% |
Housing Supply in Doral, FL
How many homes are available in Doral, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 497 | 524 | +5.4% |
Summary: The Doral real estate market had 524 homes for sale in May 2024, a 5.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 70 | 75 | +7.1% |
| 2 Bedrooms | 124 | 131 | +5.6% |
| 3 Bedrooms | 170 | 192 | +12.9% |
| 4 Bedrooms | 88 | 85 | -3.4% |
| 5+ Bedrooms | 45 | 41 | -8.9% |
Summary: The Doral housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 12.9%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 8.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 79 | 69 | -12.7% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Doral, you may be able to get a good deal. 81.2% of homes here sold below asking price last month.
Summary: A total of 69 homes were sold or pending in Doral in May 2024, down by 12.7% month-over-month. Of the 69 sold homes, 81% were sold under asking, 12% were sold at asking, and 7% were sold over asking.
Days on Market for Doral, FL
How long does it take to sell a home in Doral, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 59 Days | 50 Days | -15.5% |
Summary: Homes in Doral had an average of 50 days on market in May 2024, down by 15.5% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Doral are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 69 homes were sold in Doral; 46% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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