Is Hialeah, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Hialeah was a Seller's Market.
Key Takeaway
Hialeah is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hialeah, FL
How much do homes in Hialeah, FL cost?
Median Sold Price
$449,988
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hialeah have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in Hialeah was $449,988 in March 2024, up 12.7% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $199.7K | +10.9% |
| 2 Bedrooms | $249.8K | $280K | +12.1% |
| 3 Bedrooms | $450.5K | $495K | +9.9% |
| 4 Bedrooms | $530K | $620K | +17.0% |
| 5+ Bedrooms | $600K | $705K | +17.5% |
Summary: Hialeah housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 17.5%.
Median Sold Price Compared To Nearby Cities
| Opa-locka | $325K | $375K | +15.4% |
| Hialeah | $399.4K | $449.9K | +12.7% |
| Hialeah Gardens | $359K | $397.5K | +10.7% |
| Miami Lakes | $599.6K | $657.4K | +9.6% |
| Miami Springs | $661.2K | $677.5K | +2.5% |
Housing Supply in Hialeah, FL
How many homes are available in Hialeah, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 664 | 738 | +11.1% |
Summary: The Hialeah real estate market had 738 homes for sale in March 2024, a 11.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 33 | 48 | +45.5% |
| 2 Bedrooms | 205 | 243 | +18.5% |
| 3 Bedrooms | 276 | 292 | +5.8% |
| 4 Bedrooms | 109 | 115 | +5.5% |
| 5+ Bedrooms | 41 | 40 | -2.4% |
Summary: The Hialeah housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 45.5%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 2.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 98 | 105 | +7.1% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hialeah, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 105 homes were sold or pending in Hialeah in March 2024, up by 7.1% month-over-month. Of the 105 sold homes, 60% were sold under asking, 24% were sold at asking, and 16% were sold over asking.
Days on Market for Hialeah, FL
How long does it take to sell a home in Hialeah, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 51 Days | +37.7% |
Summary: Homes in Hialeah had an average of 51 days on market in Mar 2024, up by 37.7% compared to last year.
Breakdown of Home Sale Times
57 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
24 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 March 2024, 105 homes were sold in Hialeah; 54% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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