Is Kendale Lakes-Tamiami, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kendale Lakes-Tamiami is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Kendale Lakes-Tamiami was a Seller's Market.

Key Takeaway

Kendale Lakes-Tamiami is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Kendale Lakes-Tamiami, FL cost?

Median Sold Price

$458,499

$280/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$68,546(+17.6%)

Key Takeaway

Homes in Kendale Lakes-Tamiami have sold for 17.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $162K$180K
+11.1%
2 $230.2K$265K
+15.1%
3 $378K$445K
+17.7%
4 $500K$600K
+20.0%
5+ $620K$757K
+22.1%

Median Sold Price Compared To Nearby Cities

North Westside
+23.0%
South Westside
+19.9%
Kendale Lakes-Tamiami
+17.6%
Kendall-Palmetto Bay
+3.5%

How many homes are available in Kendale Lakes-Tamiami, FL?

Number of Homes For Sale

Oct 2022Nov 2022%
964908-5.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 3021
-30.0%
2 153133
-13.1%
3 388353
-9.0%
4 289289
0.0%
5+ 104112
+7.7%

Number of Homes Sold

Oct 2022Nov 2022%
239128-46.4%

Asking Price vs. Sold Price

75 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

26 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kendale Lakes-Tamiami, you may be able to get a good deal. 58.6% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
30 Days33 Days+10.4%

Breakdown of Home Sale Times

81 Homes Were Sold
Under 30 Days

37 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Kendale Lakes-Tamiami 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 Kendale Lakes-Tamiami, FL

There are 908 homes are for sale in Kendale Lakes-Tamiami, FL real estate market. The number of homes for sale in Kendale Lakes-Tamiami, FL decreased by 5.8% between October 2022 and November 2022. In November 2022, listings were on the market for 33 days. During the same period, the median list price in this real estate market was $458,499. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 11.1%, prices of 2 bedrooms properties went up by 15.1%, prices of 3 bedrooms properties went up by 17.7%, prices of 4 bedrooms properties went up by 20%, 5 bedrooms properties became 22.1% more expensive. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes went down by 30%, volume of 2 bedrooms homes went down by 13.1%, the quantity of 3 bedrooms homes went down by 9%, the quantity of 4 bedrooms homes have not changed, 5 bedrooms homes became 7.7% more available. Kendale Lakes-Tamiami, FL housing market in November 2022 saw over 26 listings sold above listed price, more than 27 sold at listed price and over 75 sold below.

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