Is Dadeland, 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, Dadeland has remained a Seller's Market.
Key Takeaway
Dadeland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dadeland, FL
How much do homes in Dadeland, FL cost?
Median Sold Price
$314,000
$359/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Dadeland have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Dadeland was $314,000 in April 2024, up 1.3% from last year, and the median price per square foot was $359.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $262K | +13.9% |
| 2 Bedrooms | $357.5K | $325K | -9.1% |
| 3 Bedrooms | $630K | $748K | +18.7% |
| 4 Bedrooms | $897.5K | $945K | +5.3% |
| 5+ Bedrooms | $1.3M | - | N/A |
Summary: Dadeland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.9%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 18.7%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| South Miami City West | $970K | $1.2M | +31.2% |
| Sunset East | $1.0M | $1.2M | +17.6% |
| Dadeland | $310K | $314K | +1.3% |
Housing Supply in Dadeland, FL
How many homes are available in Dadeland, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 54 | 64 | +18.5% |
Summary: The Dadeland real estate market had 64 homes for sale in April 2024, a 18.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 26 | +18.2% |
| 2 Bedrooms | 22 | 22 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Dadeland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dadeland, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Dadeland in April 2024, down by 7.1% month-over-month. Of the 13 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% were sold over asking.
Days on Market for Dadeland, FL
How long does it take to sell a home in Dadeland, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 40 Days | 25 Days | -36.0% |
Summary: Homes in Dadeland had an average of 25 days on market in Apr 2024, down by 36% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Dadeland are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in Dadeland; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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