$5,938 Closing Credit*
$500,000
2,007 SqFt
4 Beds
•2 Full Baths, 1 Partial
Pablo Gomez PA, Listing Office: Lifestyle International Realty
Is Homestead, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Homestead was a Seller's Market.
Key Takeaway
Homestead is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Homestead, FL
How much do homes in Homestead, FL cost?
Median Sold Price
$462,188
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$33,689(+7.9%)
Key Takeaway
Homes in Homestead have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Homestead was $462,188 in September 2024, up 7.9% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205.2K | $210K | +2.3% |
| 2 Bedrooms | $245K | $280K | +14.3% |
| 3 Bedrooms | $400K | $430K | +7.5% |
| 4 Bedrooms | $495.7K | $540K | +8.9% |
| 5+ Bedrooms | $579K | $601.7K | +3.9% |
Summary: Homestead housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 3.9%.
Median Sold Price Compared To Nearby Cities
| Florida City | $370K | $413.9K | +11.9% |
| Everglades | $800K | $885K | +10.6% |
| Princeton-Goulds | $480K | $527.8K | +9.9% |
| Homestead | $428.4K | $462.1K | +7.9% |
Housing Supply in Homestead, FL
How many homes are available in Homestead, FL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 1,323 | 1,296 | -2.0% |
Summary: The Homestead real estate market had 1,296 homes for sale in September 2024, a 2.0% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 111 | 109 | -1.8% |
| 3 Bedrooms | 609 | 587 | -3.6% |
| 4 Bedrooms | 457 | 455 | -0.4% |
| 5+ Bedrooms | 139 | 138 | -0.7% |
Summary: The Homestead housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 1.8%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 0.7%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 252 | 163 | -35.3% |
Asking Price vs. Sold Price
84 Homes Were Sold
Under Asking
54 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Homestead, you may be able to get a good deal. 51.5% of homes here sold below asking price last month.
Summary: A total of 163 homes were sold or pending in Homestead in September 2024, down by 35.3% month-over-month. Of the 163 sold homes, 52% were sold under asking, 33% were sold at asking, and 15% were sold over asking.
Days on Market for Homestead, FL
How long does it take to sell a home in Homestead, FL?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 30 Days | 44 Days | +44.9% |
Summary: Homes in Homestead had an average of 44 days on market in Sep 2024, up by 44.9% compared to last year.
Breakdown of Home Sale Times
89 Homes Were Sold
Under 30 Days
51 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Homestead are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 163 homes were sold in Homestead; 55% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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