Is Hialeah, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Hialeah was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $176K | $198K | +12.5% |
2 Bedrooms | $245K | $280K | +14.3% |
3 Bedrooms | $450K | $490K | +8.9% |
4 Bedrooms | $527.5K | $613.2K | +16.3% |
5+ Bedrooms | $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 | $595K | $670.5K | +12.7% |
Hialeah | $392.5K | $441K | +12.4% |
Miami Springs | $650K | $690.1K | +6.2% |
Housing Supply in Hialeah, FL
How many homes are available in Hialeah, FL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
597 | 682 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 36 | 35 | -2.8% |
2 Bedrooms | 181 | 212 | +17.1% |
3 Bedrooms | 237 | 277 | +16.9% |
4 Bedrooms | 105 | 118 | +12.4% |
5+ Bedrooms | 38 | 40 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
82 | 82 | 0.0% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
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 2023 | Feb 2024 | CHANGE |
---|---|---|
42 Days | 40 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
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.