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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hialeah is a buyer's market

Buyer's
Market

Difference Since February 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

$441,090

$314/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$48,545(+12.4%)

Key Takeaway

Homes in Hialeah have sold for 12.4% more than they did a year ago.

Summary: The median home sold price in Hialeah was $441,090 in February 2024, up 12.4% from last year, and the median price per square foot was $314.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $176K$198K
+12.5%
2 $245K$280K
+14.3%
3 $450K$490K
+8.9%
4 $527.5K$613.2K
+16.3%
5+ $599.9K$690K
+15.0%

Summary: Hialeah housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 15%.

Median Sold Price Compared To Nearby Cities

Miami Lakes
+12.7%
Hialeah
+12.4%
Miami Springs
+6.2%

Housing Supply in Hialeah, FL

How many homes are available in Hialeah, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
597682+14.2%

Summary: The Hialeah real estate market had 682 homes for sale in February 2024, a 14.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 3635
-2.8%
2 181212
+17.1%
3 237277
+16.9%
4 105118
+12.4%
5+ 3840
+5.3%

Summary: The Hialeah housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.8%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 5.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
82820.0%

Asking Price vs. Sold Price

52 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

12 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. 63.4% of homes here sold below asking price last month.

Summary: A total of 82 homes were sold or pending in Hialeah in February 2024, the same as the previous month. Of the 82 sold homes, 63% were sold under asking, 22% were sold at asking, and 15% 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

Feb 2023Feb 2024CHANGE
42 Days40 Days-3.2%

Summary: Homes in Hialeah had an average of 40 days on market in Feb 2024, down by 3.2% compared to last year.

Breakdown of Home Sale Times

48 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

8 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 February 2024, 82 homes were sold in Hialeah; 59% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 10% 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 28 Days Ago

Newest Listings in Hialeah, FL

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