$8,657 Closing Credit*
$729,000
2,201 SqFt
4 Beds
•2 Full Baths
Aya Olmedillo PA, Listing Office: Luxe Properties
Is Kendale Lakes-Tamiami, 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, Kendale Lakes-Tamiami was a Seller's Market.
Key Takeaway
Kendale Lakes-Tamiami is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Kendale Lakes-Tamiami, FL
How much do homes in Kendale Lakes-Tamiami, FL cost?
Median Sold Price
$557,593
$339/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$47,593(+9.3%)
Key Takeaway
Homes in Kendale Lakes-Tamiami have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Kendale Lakes-Tamiami was $557,593 in September 2024, up 9.3% from last year, and the median price per square foot was $339.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $216.5K | $235K | +8.5% |
| 2 Bedrooms | $300K | $325K | +8.3% |
| 3 Bedrooms | $482.1K | $535K | +11.0% |
| 4 Bedrooms | $649.6K | $711.6K | +9.5% |
| 5+ Bedrooms | $797.5K | $877.5K | +10.0% |
Summary: Kendale Lakes-Tamiami housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Cities
| Kendale Lakes-Tamiami | $510K | $557.5K | +9.3% |
| South Westside | $623K | $678.7K | +8.9% |
| North Westside | $444.7K | $482.7K | +8.5% |
| Kendall-Palmetto Bay | $733.7K | $782.9K | +6.7% |
Housing Supply in Kendale Lakes-Tamiami, FL
How many homes are available in Kendale Lakes-Tamiami, FL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 1,163 | 1,217 | +4.6% |
Summary: The Kendale Lakes-Tamiami real estate market had 1,217 homes for sale in September 2024, a 4.6% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 42 | 41 | -2.4% |
| 2 Bedrooms | 244 | 265 | +8.6% |
| 3 Bedrooms | 441 | 459 | +4.1% |
| 4 Bedrooms | 312 | 322 | +3.2% |
| 5+ Bedrooms | 124 | 130 | +4.8% |
Summary: The Kendale Lakes-Tamiami housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.4%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 224 | 180 | -19.6% |
Asking Price vs. Sold Price
116 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kendale Lakes-Tamiami, you may be able to get a good deal. 64.4% of homes here sold below asking price last month.
Summary: A total of 180 homes were sold or pending in Kendale Lakes-Tamiami in September 2024, down by 19.6% month-over-month. Of the 180 sold homes, 64% were sold under asking, 23% were sold at asking, and 13% were sold over asking.
Days on Market for Kendale Lakes-Tamiami, FL
How long does it take to sell a home in Kendale Lakes-Tamiami, FL?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 32 Days | 45 Days | +41.3% |
Summary: Homes in Kendale Lakes-Tamiami had an average of 45 days on market in Sep 2024, up by 41.3% compared to last year.
Breakdown of Home Sale Times
89 Homes Were Sold
Under 30 Days
68 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kendale Lakes-Tamiami are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 180 homes were sold in Kendale Lakes-Tamiami; 49% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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