Is East South Miami, 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 South Miami was a Seller's Market.
Housing Prices in East South Miami, FL
How much do homes in East South Miami, FL cost?
Median Sold Price
$805,250
$512/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East South Miami was $805,250 in April 2024, up 29.9% from last year, and the median price per square foot was $512.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | $309.5K | +19.0% |
2 Bedrooms | $489.9K | $547.5K | +11.7% |
3 Bedrooms | $754.5K | $865K | +14.6% |
4 Bedrooms | $891.5K | $967.5K | +8.5% |
5+ Bedrooms | $1.1M | $1.5M | +35.1% |
Summary: East South Miami housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 35.1%.
Median Sold Price Compared To Nearby Neighborhoods
East South Miami | $619.9K | $805.2K | +29.9% |
South Coral Terrace | $620K | $700K | +12.9% |
Coral Gables Riviera | $1.4M | $1.5M | +9.5% |
Granada | $1.4M | $1.5M | +5.8% |
Biltmore | $2.1M | $1.7M | -16.7% |
Housing Supply in East South Miami, FL
How many homes are available in East South Miami, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 20 | -4.8% |
Summary: The East South Miami real estate market had 20 homes for sale in April 2024, a 4.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 11 | 9 | -18.2% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The East South Miami housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in East South Miami in April 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for East South Miami, FL
How long does it take to sell a home in East South Miami, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
48 Days | 25 Days | -47.5% |
Summary: Homes in East South Miami had an average of 25 days on market in Apr 2024, down by 47.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in East South Miami; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.