Is North Westside, 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, North Westside was a Seller's Market.
Key Takeaway
North Westside is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Westside, FL
How much do homes in North Westside, FL cost?
Median Sold Price
$485,481
$336/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Westside have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in North Westside was $485,481 in May 2024, up 12.5% from last year, and the median price per square foot was $336.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $260K | +13.0% |
| 2 Bedrooms | $308.8K | $340K | +10.1% |
| 3 Bedrooms | $500K | $549.5K | +9.9% |
| 4 Bedrooms | $696.5K | $750K | +7.7% |
| 5+ Bedrooms | $1.1M | $1.1M | +7.3% |
Summary: North Westside housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Cities
| North Westside | $431.5K | $485.4K | +12.5% |
| Miami Springs | $640K | $715K | +11.7% |
| Doral | $526.8K | $585.2K | +11.1% |
Housing Supply in North Westside, FL
How many homes are available in North Westside, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 724 | 749 | +3.5% |
Summary: The North Westside real estate market had 749 homes for sale in May 2024, a 3.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 98 | 100 | +2.0% |
| 2 Bedrooms | 236 | 250 | +5.9% |
| 3 Bedrooms | 229 | 243 | +6.1% |
| 4 Bedrooms | 110 | 109 | -0.9% |
| 5+ Bedrooms | 51 | 47 | -7.8% |
Summary: The North Westside housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 7.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 127 | 99 | -22.0% |
Asking Price vs. Sold Price
72 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Westside, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 99 homes were sold or pending in North Westside in May 2024, down by 22.0% month-over-month. Of the 99 sold homes, 73% were sold under asking, 20% were sold at asking, and 7% were sold over asking.
Days on Market for North Westside, FL
How long does it take to sell a home in North Westside, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 47 Days | +1.0% |
Summary: Homes in North Westside had an average of 47 days on market in May 2024, up by 1% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Westside are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 99 homes were sold in North Westside; 47% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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