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 neutral's market

Buyer's
Market

Difference Since February 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

$525,529

$318/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$56,504(+12.0%)

Key Takeaway

Homes in Kendale Lakes-Tamiami have sold for 12% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $195K$225K
+15.4%
2 $277.3K$310K
+11.8%
3 $452.4K$502.5K
+11.1%
4 $618K$669.1K
+8.3%
5+ $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
+12.0%
North Westside
+11.0%
South Westside
+8.7%
Kendall-Palmetto Bay
+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 2024Feb 2024CHANGE
9211,039+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

# BEDSJan 2024Feb 2024CHANGE
1 3737
0.0%
2 185195
+5.4%
3 329390
+18.5%
4 256276
+7.8%
5+ 114141
+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 2024Feb 2024CHANGE
123160+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

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. 54.4% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
50 Days44 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Kendale Lakes-Tamiami are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

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