Is Hialeah, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
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
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $187.5K | +13.6% |
| 2 Bedrooms | $227.7K | $264.5K | +16.2% |
| 3 Bedrooms | $421.1K | $470K | +11.6% |
| 4 Bedrooms | $499.9K | $570K | +14.0% |
| 5+ Bedrooms | $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 | $330K | $430K | +30.3% |
| Hialeah | $369.5K | $425K | +15.0% |
| Miami Lakes | $550K | $625K | +13.6% |
| Opa-locka | $305K | $345K | +13.1% |
| Miami Springs | $605K | $654.5K | +8.2% |
Housing Supply
How many homes are available in Hialeah, FL?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 431 | 502 | +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
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 27 | 40 | +48.1% |
| 2 Bedrooms | 116 | 140 | +20.7% |
| 3 Bedrooms | 172 | 190 | +10.5% |
| 4 Bedrooms | 79 | 92 | +16.5% |
| 5+ Bedrooms | 37 | 40 | +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 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 104 | 102 | -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
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 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 32 Days | 25 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
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.
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