Is 34104, 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, 34104 has remained a Seller's Market.
Key Takeaway
34104 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 34104, FL
How much do homes in 34104, FL cost?
Median Sold Price
$447,962
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 34104 have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in 34104 was $447,962 in April 2024, up 13.4% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $234K | +4.0% |
| 2 Bedrooms | $345K | $355K | +2.9% |
| 3 Bedrooms | $505K | $530K | +5.0% |
| 4 Bedrooms | $875K | $815K | -6.9% |
| 5+ Bedrooms | $599K | $1.0M | +75.3% |
Summary: 34104 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 75.3%.
Median Sold Price Compared To Nearby Zip Codes
| 34102 | $1.4M | $1.7M | +21.2% |
| 34104 | $395K | $447.9K | +13.4% |
| 34105 | $523K | $550K | +5.2% |
| 34112 | $420K | $429.6K | +2.3% |
Housing Supply in 34104, FL
How many homes are available in 34104, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 328 | 356 | +8.5% |
Summary: The 34104 real estate market had 356 homes for sale in April 2024, a 8.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 5 | -37.5% |
| 2 Bedrooms | 148 | 165 | +11.5% |
| 3 Bedrooms | 138 | 149 | +8.0% |
| 4 Bedrooms | 26 | 28 | +7.7% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The 34104 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 37.5%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 | 60 | +25.0% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 34104, you may be able to get a good deal. 86.7% of homes here sold below asking price last month.
Summary: A total of 60 homes were sold or pending in 34104 in April 2024, up by 25.0% month-over-month. Of the 60 sold homes, 87% were sold under asking, 8% were sold at asking, and 5% were sold over asking.
Days on Market for 34104, FL
How long does it take to sell a home in 34104, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 55 Days | +88.0% |
Summary: Homes in 34104 had an average of 55 days on market in Apr 2024, up by 88% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 34104 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 60 homes were sold in 34104; 55% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.