Is Doral, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Doral is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Doral has remained a Buyer'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

$563,791

$343/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$58,041(+11.5%)

Key Takeaway

Homes in Doral have sold for 11.5% more than they did a year ago.

Summary: The median home sold price in Doral was $563,791 in February 2024, up 11.5% from last year, and the median price per square foot was $343.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $261K$262.5K
+0.6%
2 $365K$410K
+12.3%
3 $525K$560K
+6.7%
4 $702.5K$750K
+6.8%
5+ $1.2M$1.2M
-1.2%

Summary: Doral housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 1.2%.

Median Sold Price Compared To Nearby Cities

Doral
+11.5%
North Westside
+11.0%

Housing Supply in Doral, FL

How many homes are available in Doral, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
383448+17.0%

Summary: The Doral real estate market had 448 homes for sale in February 2024, a 17.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 5664
+14.3%
2 86100
+16.3%
3 124151
+21.8%
4 7583
+10.7%
5+ 4250
+19.0%

Summary: The Doral housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 21.8%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 19%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
4147+14.6%

Asking Price vs. Sold Price

41 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Doral, you may be able to get a good deal. 87.2% of homes here sold below asking price last month.

Summary: A total of 47 homes were sold or pending in Doral in February 2024, up by 14.6% month-over-month. Of the 47 sold homes, 87% were sold under asking, 6% were sold at asking, and 6% 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

Feb 2023Feb 2024CHANGE
39 Days55 Days+40.4%

Summary: Homes in Doral had an average of 55 days on market in Feb 2024, up by 40.4% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Doral has remained consistent over time.

Summary: During February 2024, 47 homes were sold in Doral; 38% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Doral, FL

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