Is East Kendall, 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, East Kendall was a Seller's Market.
Key Takeaway
East Kendall is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Kendall, FL
How much do homes in East Kendall, FL cost?
Median Sold Price
$2,103,833
$725/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Kendall have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in East Kendall was $2,103,833 in April 2024, up 10.7% from last year, and the median price per square foot was $725.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $259.9K | $285K | +9.7% |
| 2 Bedrooms | $325K | $365K | +12.3% |
| 3 Bedrooms | $1.1M | $1.4M | +26.2% |
| 4 Bedrooms | $1.8M | $1.8M | +3.9% |
| 5+ Bedrooms | $3.6M | $3.7M | +3.2% |
Summary: East Kendall housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.7%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 26.2%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Neighborhoods
| West Cutler Area | $1.8M | $2.8M | +48.8% |
| East Kendall | $1.9M | $2.1M | +10.7% |
Housing Supply in East Kendall, FL
How many homes are available in East Kendall, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 162 | 185 | +14.2% |
Summary: The East Kendall real estate market had 185 homes for sale in April 2024, a 14.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 9 | +28.6% |
| 2 Bedrooms | 4 | 8 | +100.0% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 22 | 32 | +45.5% |
| 5+ Bedrooms | 109 | 114 | +4.6% |
Summary: The East Kendall housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes increased by 4.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 25 | +25.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Kendall, you may be able to get a good deal. 76% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in East Kendall in April 2024, up by 25.0% month-over-month. Of the 25 sold homes, 76% were sold under asking, 16% were sold at asking, and 8% were sold over asking.
Days on Market for East Kendall, FL
How long does it take to sell a home in East Kendall, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 62 Days | 69 Days | +11.2% |
Summary: Homes in East Kendall had an average of 69 days on market in Apr 2024, up by 11.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Kendall are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 25 homes were sold in East Kendall; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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