Is Catalina Lakes, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Catalina Lakes was a Neutral Market.
Key Takeaway
Catalina Lakes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Catalina Lakes, FL
How much do homes in Catalina Lakes, FL cost?
Median Sold Price
$982,500
$507/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Catalina Lakes have sold for 34.2% more than they did a year ago.
Summary: The median home sold price in Catalina Lakes was $982,500 in April 2024, up 34.2% from last year, and the median price per square foot was $507.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $592K | $625K | +5.6% |
| 3 Bedrooms | $830K | $785K | -5.4% |
| 4 Bedrooms | $739.9K | $1.5M | +110.8% |
| 5+ Bedrooms | $1.7M | $3.0M | +79.3% |
Summary: Catalina Lakes housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 110.8%, and 5+ bedroom homes increased by 79.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Catalina Lakes | $732K | $982.5K | +34.2% |
| Sunset East | $1.0M | $1.2M | +17.6% |
| South Coral Terrace | $620K | $700K | +12.9% |
| Westchester | $586.8K | $638.6K | +8.8% |
| West South Miami | $789.5K | $837.5K | +6.1% |
Housing Supply in Catalina Lakes, FL
How many homes are available in Catalina Lakes, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Summary: The Catalina Lakes real estate market had 13 homes for sale in April 2024, a 7.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Catalina Lakes housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Catalina Lakes, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Catalina Lakes in April 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Catalina Lakes, FL
How long does it take to sell a home in Catalina Lakes, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 53 Days | +27.7% |
Summary: Homes in Catalina Lakes had an average of 53 days on market in Apr 2024, up by 27.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Catalina Lakes has remained consistent over time.
Summary: During April 2024, 3 homes were sold in Catalina Lakes; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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.