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 November 2022
Since last year, Kendale Lakes-Tamiami has remained a Seller's Market.
Key Takeaway
Kendale Lakes-Tamiami is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kendale Lakes-Tamiami, FL
How much do homes in Kendale Lakes-Tamiami, FL cost?
Median Sold Price
$518,286
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Kendale Lakes-Tamiami have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in Kendale Lakes-Tamiami was $518,286 in November 2023, up 12.8% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $181K | $220K | +21.5% |
| 2 Bedrooms | $265K | $305.3K | +15.2% |
| 3 Bedrooms | $445.1K | $495K | +11.2% |
| 4 Bedrooms | $600K | $653K | +8.8% |
| 5+ Bedrooms | $755K | $800K | +6.0% |
Summary: Kendale Lakes-Tamiami housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 21.5%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Cities
| Kendale Lakes-Tamiami | $459.2K | $518.2K | +12.8% |
| South Westside | $569.7K | $635K | +11.5% |
| Kendall-Palmetto Bay | $671.4K | $744.3K | +10.9% |
| North Westside | $407.5K | $449.9K | +10.4% |
Housing Supply in Kendale Lakes-Tamiami, FL
How many homes are available in Kendale Lakes-Tamiami, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 871 | 874 | 0.3% |
Summary: The Kendale Lakes-Tamiami real estate market had 874 homes for sale in November 2023, a 0.3% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 22 | 0.0% |
| 2 Bedrooms | 183 | 185 | +1.1% |
| 3 Bedrooms | 322 | 316 | -1.9% |
| 4 Bedrooms | 235 | 230 | -2.1% |
| 5+ Bedrooms | 109 | 121 | +11.0% |
Summary: The Kendale Lakes-Tamiami housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 1.1%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 11%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 198 | 149 | -24.7% |
Asking Price vs. Sold Price
88 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
29 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. 59.1% of homes here sold below asking price last month.
Summary: A total of 149 homes were sold or pending in Kendale Lakes-Tamiami in November 2023, down by 24.7% month-over-month. Of the 149 sold homes, 59% were sold under asking, 21% were sold at asking, and 19% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 33 Days | 28 Days | -14.6% |
Summary: Homes in Kendale Lakes-Tamiami had an average of 28 days on market in Nov 2023, down by 14.6% compared to last year.
Breakdown of Home Sale Times
105 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
8 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 November 2023, 149 homes were sold in Kendale Lakes-Tamiami; 70% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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