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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Homestead is a seller's market

Buyer's
Market

Difference Since June 2021

Since last year, Homestead has remained a Seller's Market.

Key Takeaway

Homestead is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Homestead, FL cost?

Median Sold Price

$324,858

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2021

+$61,468(+23.3%)

Key Takeaway

Homes in Homestead have sold for 23.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJun 2021Jun 2022%
1 $113K$140K
+23.9%
2 $151K$195K
+29.1%
3 $255K$305.9K
+20.0%
4 $329K$405K
+23.1%
5+ $385K$475K
+23.4%

Median Sold Price Compared To Nearby Cities

Everglades
+26.7%
Homestead
+23.3%
Princeton-Goulds
+21.9%
Florida City
+19.7%

How many homes are available in Homestead, FL?

Number of Homes For Sale

May 2022Jun 2022%
365360-1.4%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 22
0.0%
2 6069
+15.0%
3 183176
-3.8%
4 9588
-7.4%
5+ 2525
0.0%

Number of Homes Sold

May 2022Jun 2022%
8986-3.4%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

47 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Homestead, you could pay more than the asking price. 54.7% of homes here sold above asking price last month.

Average Sale Time

Jun 2021Jun 2022%
23 Days26 Days+16.3%

Breakdown of Home Sale Times

68 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Homestead are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Homestead, FL

Homestead, FL has 360 homes for sale to choose from. The number of homes for sale in Homestead, FL decreased by 1.4% between May 2022 and June 2022. The median list price of listings available in June 2022 was $324,858, while the average time on the real estate market was 26 days. This housing market listing prices have changed between May 2022 and June 2022: prices of 1 bedroom properties increased by 23.9%, prices of 2 bedrooms properties increased by 29.1%, 3 bedrooms properties became 20% more expensive, 4 bedrooms properties prices increased by 23.1%, 5 bedrooms properties became 23.4% more expensive. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes went up by 15%, 3 bedrooms homes became 3.8% less available, volume of 4 bedrooms homes went down by 7.4%, 5 bedrooms homes did not move. In June 2022 more than 47 listings in Homestead, FL were sold above the asking price. During the same period more than 13 listings were sold at asking price, while more than 26 were sold below.

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