Is Granada, 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, Granada was a Seller's Market.
Housing Prices in Granada, FL
How much do homes in Granada, FL cost?
Median Sold Price
$1,550,000
$760/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Granada was $1,550,000 in April 2024, up 5.8% from last year, and the median price per square foot was $760.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $315K | $294K | -6.7% |
2 Bedrooms | $777.5K | $787.5K | +1.3% |
3 Bedrooms | $1.3M | $1.4M | +5.6% |
4 Bedrooms | $2.2M | $2.2M | 0.0% |
5+ Bedrooms | $3.5M | $3.5M | -0.7% |
Summary: Granada housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 5.6%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Neighborhoods
Coral Gables Riviera | $1.4M | $1.5M | +9.5% |
South Gables | $1.4M | $1.5M | +7.5% |
Granada | $1.4M | $1.5M | +5.8% |
Coral Gables Granada | $1.2M | $1.2M | -1.4% |
Biltmore | $2.1M | $1.7M | -16.7% |
Housing Supply in Granada, FL
How many homes are available in Granada, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
123 | 128 | +4.1% |
Summary: The Granada real estate market had 128 homes for sale in April 2024, a 4.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 10 | +25.0% |
2 Bedrooms | 15 | 21 | +40.0% |
3 Bedrooms | 40 | 36 | -10.0% |
4 Bedrooms | 36 | 38 | +5.6% |
5+ Bedrooms | 24 | 23 | -4.2% |
Summary: The Granada housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 4.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 14 | -41.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Granada in April 2024, down by 41.7% month-over-month. Of the 14 sold homes, 79% were sold under asking, 7% were sold at asking, and 14% were sold over asking.
Days on Market for Granada, FL
How long does it take to sell a home in Granada, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 61 Days | -1.8% |
Summary: Homes in Granada had an average of 61 days on market in Apr 2024, down by 1.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Granada; 50% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.