Is Hialeah Gardens, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Hialeah Gardens has remained a Seller's Market.
Key Takeaway
Hialeah Gardens is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hialeah Gardens, FL
How much do homes in Hialeah Gardens, FL cost?
Median Sold Price
$397,500
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hialeah Gardens have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Hialeah Gardens was $397,500 in March 2024, up 10.7% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $169K | $240K | +42.0% |
| 2 Bedrooms | $240.5K | $265K | +10.2% |
| 3 Bedrooms | $449.5K | $480K | +6.8% |
| 4 Bedrooms | $500K | $593.5K | +18.7% |
| 5+ Bedrooms | $1.3M | $1.7M | +28.3% |
Summary: Hialeah Gardens housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 28.3%.
Median Sold Price Compared To Nearby Cities
| Hialeah | $399.4K | $449.9K | +12.7% |
| Hialeah Gardens | $359K | $397.5K | +10.7% |
| North Westside | $424.2K | $466.7K | +10.0% |
Housing Supply in Hialeah Gardens, FL
How many homes are available in Hialeah Gardens, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 40 | +29.0% |
Summary: The Hialeah Gardens real estate market had 40 homes for sale in March 2024, a 29.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 8 | 17 | +112.5% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Hialeah Gardens housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 112.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hialeah Gardens, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Hialeah Gardens in March 2024, up by 60.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 50% were sold at asking, and 13% were sold over asking.
Days on Market for Hialeah Gardens, FL
How long does it take to sell a home in Hialeah Gardens, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 58 Days | +24.8% |
Summary: Homes in Hialeah Gardens had an average of 58 days on market in Mar 2024, up by 24.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hialeah Gardens are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Hialeah Gardens; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.