Is Hialeah, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hialeah is a seller's market

Buyer's
Market

Difference Since August 2022

Since last year, Hialeah has remained a Seller's Market.

Key Takeaway

Hialeah is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices

How much do homes in Hialeah, FL cost?

Median Sold Price

$425,000

$296/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2022

+$55,418(+15.0%)

Key Takeaway

Homes in Hialeah have sold for 15% more than they did a year ago.

Summary: The median home sold price in Hialeah was $425,000 in August 2023, up 15% from last year, and the median price per square foot was $296.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $165K$187.5K
+13.6%
2 $227.7K$264.5K
+16.2%
3 $421.1K$470K
+11.6%
4 $499.9K$570K
+14.0%
5+ $545K$659.9K
+21.1%

Summary: Hialeah housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 13.6%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 21.1%.

Median Sold Price Compared To Nearby Cities

Hialeah Gardens
+30.3%
Hialeah
+15.0%
Miami Lakes
+13.6%
Opa-locka
+13.1%
Miami Springs
+8.2%

Housing Supply

How many homes are available in Hialeah, FL?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
431502+16.5%

Summary: The Hialeah real estate market had 502 homes for sale in August 2023, a 16.5% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 2740
+48.1%
2 116140
+20.7%
3 172190
+10.5%
4 7992
+16.5%
5+ 3740
+8.1%

Summary: The Hialeah housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 48.1%, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 8.1%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE
104102-1.9%

Asking Price vs. Sold Price

49 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

30 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hialeah, you may be able to get a good deal. 48% of homes here sold below asking price last month.

Summary: A total of 102 homes were sold or pending in Hialeah in August 2023, down by 1.9% month-over-month. Of the 102 sold homes, 48% were sold under asking, 23% were sold at asking, and 29% were sold over asking.

Days on Market

How long does it take to sell a home in Hialeah, FL?

Average Sale Time

Aug 2022Aug 2023CHANGE
32 Days25 Days-20.2%

Summary: Homes in Hialeah had an average of 25 days on market in Aug 2023, down by 20.2% compared to last year.

Breakdown of Home Sale Times

83 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2023, 102 homes were sold in Hialeah; 81% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

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

Report Updated 30 Days Ago

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Nearby Markets

What housing markets are near Hialeah, FL?