Is Downtown Doral, 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, Downtown Doral has remained a Buyer's Market.
Key Takeaway
Downtown Doral is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Downtown Doral, FL
How much do homes in Downtown Doral, FL cost?
Median Sold Price
$520,000
$526/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Downtown Doral have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Downtown Doral was $520,000 in April 2024, up 7.2% from last year, and the median price per square foot was $526.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $387.5K | $422.5K | +9.0% |
| 2 Bedrooms | $515K | $520K | +1.0% |
| 3 Bedrooms | $667K | $642.5K | -3.7% |
| 4 Bedrooms | - | $852.5K | N/A |
| 5+ Bedrooms | $865K | $884K | +2.2% |
Summary: Downtown Doral housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 1%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 2.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Downtown Doral | $485K | $520K | +7.2% |
| Doral Area | $486.6K | $520K | +6.8% |
Housing Supply in Downtown Doral, FL
How many homes are available in Downtown Doral, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 45 | +21.6% |
Summary: The Downtown Doral real estate market had 45 homes for sale in April 2024, a 21.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 7 | +75.0% |
| 2 Bedrooms | 17 | 22 | +29.4% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Downtown Doral housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 29.4%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Downtown Doral, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Downtown Doral in April 2024, up by 100.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Downtown Doral, FL
How long does it take to sell a home in Downtown Doral, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 65 Days | 52 Days | -20.0% |
Summary: Homes in Downtown Doral had an average of 52 days on market in Apr 2024, down by 20% 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 Downtown Doral has remained consistent over time.
Summary: During April 2024, 3 homes were sold in Downtown Doral; 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.
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