Is Homestead, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS | Jun 2021 | Jun 2022 | % |
|---|---|---|---|
| 1 Bedroom | $113K | $140K | +23.9% |
| 2 Bedrooms | $151K | $195K | +29.1% |
| 3 Bedrooms | $255K | $305.9K | +20.0% |
| 4 Bedrooms | $329K | $405K | +23.1% |
| 5+ Bedrooms | $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 2022 | Jun 2022 | % |
|---|---|---|
| 365 | 360 | -1.4% |
Homes For Sale By Bedroom Count
| # BEDS | May 2022 | Jun 2022 | % |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 60 | 69 | +15.0%  |
| 3 Bedrooms | 183 | 176 | -3.8% |
| 4 Bedrooms | 95 | 88 | -7.4% |
| 5+ Bedrooms | 25 | 25 | 0.0% |
Number of Homes Sold
| May 2022 | Jun 2022 | % |
|---|---|---|
| 89 | 86 | -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
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 2021 | Jun 2022 | % |
|---|---|---|
| 23 Days | 26 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
Key Takeaway
Many homes in Homestead are selling fast, if you're buying plan to act quickly.
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