Is El Portal, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing El Portal is a buyer's market

Buyer's
Market

Difference Since August 2021

Since last year, El Portal has remained a Buyer's Market.

Key Takeaway

El Portal is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in El Portal, FL cost?

Median Sold Price

$761,000

$502/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$154,000(+25.4%)

Key Takeaway

Homes in El Portal have sold for 25.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 --
N/A
2 $515K$675K
+31.1%
3 $608.5K$749K
+23.1%
4 $657.5K$945K
+43.7%
5+ $702.5K$1.1M
+62.3%

Median Sold Price Compared To Nearby Cities

Miami Shores
+25.9%
El Portal
+25.4%
Miami
+24.7%

How many homes are available in El Portal, FL?

Number of Homes For Sale

Jul 2022Aug 2022%
2022+10.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 21
-50.0%
3 1113
+18.2%
4 66
0.0%
5+ 12
+100.0%

Number of Homes Sold

Jul 2022Aug 2022%
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in El Portal, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
5 Days11 Days+120.0%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in El Portal are selling fast, if you're buying plan to act quickly.

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

About El Portal, FL

Number of homes for sale in El Portal, FL real estate market have reached 22. The number of listings in El Portal, FL increased by 10% between July 2022 and August 2022. In August 2022, listings were on the market for 11 days. During the same period, the median list price in this real estate market was $761,000. Between July 2022 and August 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties increased by 31.1%, 3 bedrooms properties prices increased by 23.1%, prices of 4 bedrooms properties increased by 43.7%, prices of 5 bedrooms properties went up by 62.3%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes decreased by 50%, number of 3 bedrooms homes increased by 18.2%, number of 4 bedrooms homes remained the same, 5 bedrooms homes inventory increased by 100%. While more than 1 listings in El Portal, FL in August 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 0 were sold below.

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