Is Doral Area, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Doral Area was a Seller's Market.
Key Takeaway
Doral Area is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Doral Area, FL
How much do homes in Doral Area, FL cost?
Median Sold Price
$520,000
$387/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Doral Area have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Doral Area was $520,000 in March 2024, up 10.6% from last year, and the median price per square foot was $387.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230.5K | $250K | +8.5% |
| 2 Bedrooms | $373.5K | $340K | -9.0% |
| 3 Bedrooms | $667.9K | $672.5K | +0.7% |
| 4 Bedrooms | $900K | $910K | +1.1% |
| 5+ Bedrooms | $1.8M | $1.6M | -10.1% |
Summary: Doral Area housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes decreased by 9%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 10.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Doral Area | $470K | $520K | +10.6% |
| Costa del Sol | $495K | $506.5K | +2.3% |
Housing Supply in Doral Area, FL
How many homes are available in Doral Area, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 167 | 187 | +12.0% |
Summary: The Doral Area real estate market had 187 homes for sale in March 2024, a 12.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 47 | 55 | +17.0% |
| 2 Bedrooms | 40 | 43 | +7.5% |
| 3 Bedrooms | 47 | 52 | +10.6% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 17 | 20 | +17.6% |
Summary: The Doral Area housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 8 | -42.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Doral Area, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Doral Area in March 2024, down by 42.9% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Doral Area, FL
How long does it take to sell a home in Doral Area, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 65 Days | 103 Days | +57.9% |
Summary: Homes in Doral Area had an average of 103 days on market in Mar 2024, up by 57.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Doral Area are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 8 homes were sold in Doral Area; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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