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 February 2023
At the same time last year, Kendale Lakes-Tamiami was a Seller's Market.
Housing Prices in Kendale Lakes-Tamiami, FL
How much do homes in Kendale Lakes-Tamiami, FL cost?
Median Sold Price
$525,529
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Kendale Lakes-Tamiami was $525,529 in February 2024, up 12% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | $225K | +15.4% |
2 Bedrooms | $277.3K | $310K | +11.8% |
3 Bedrooms | $452.4K | $502.5K | +11.1% |
4 Bedrooms | $618K | $669.1K | +8.3% |
5+ Bedrooms | $756.5K | $840K | +11.0% |
Summary: Kendale Lakes-Tamiami housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 11%.
Median Sold Price Compared To Nearby Cities
Kendale Lakes-Tamiami | $469K | $525.5K | +12.0% |
North Westside | $414.9K | $460.6K | +11.0% |
South Westside | $585.8K | $636.5K | +8.7% |
Kendall-Palmetto Bay | $698.6K | $759K | +8.7% |
Housing Supply in Kendale Lakes-Tamiami, FL
How many homes are available in Kendale Lakes-Tamiami, FL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
921 | 1,039 | +12.8% |
Summary: The Kendale Lakes-Tamiami real estate market had 1,039 homes for sale in February 2024, a 12.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 37 | 37 | 0.0% |
2 Bedrooms | 185 | 195 | +5.4% |
3 Bedrooms | 329 | 390 | +18.5% |
4 Bedrooms | 256 | 276 | +7.8% |
5+ Bedrooms | 114 | 141 | +23.7% |
Summary: The Kendale Lakes-Tamiami housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 23.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
123 | 160 | +30.1% |
Asking Price vs. Sold Price
87 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Summary: A total of 160 homes were sold or pending in Kendale Lakes-Tamiami in February 2024, up by 30.1% month-over-month. Of the 160 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
50 Days | 44 Days | -10.7% |
Summary: Homes in Kendale Lakes-Tamiami had an average of 44 days on market in Feb 2024, down by 10.7% compared to last year.
Breakdown of Home Sale Times
80 Homes Were Sold
Under 30 Days
62 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During February 2024, 160 homes were sold in Kendale Lakes-Tamiami; 50% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.