Is Little Havana, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Little Havana has remained a Buyer's Market.
Key Takeaway
Little Havana is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Little Havana, FL
How much do homes in Little Havana, FL cost?
Median Sold Price
$400,000
$338/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Little Havana have sold for 13.5% more than they did a month ago.
Summary: The median home sold price in Little Havana was $400,000 in March 2024, up 13.5% from last month, and the median price per square foot was $338.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $210K | +31.3% |
| 2 Bedrooms | $368.7K | $410K | +11.2% |
| 3 Bedrooms | $760K | $390K | -48.7% |
| 4 Bedrooms | - | $575K | N/A |
| 5+ Bedrooms | $950K | - | N/A |
Summary: Little Havana housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes increased by 31.3%, 2 bedroom homes increased by 11.2%, 3 bedroom homes decreased by 48.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Little Havana, FL
How many homes are available in Little Havana, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 91 | 108 | +18.7% |
Summary: The Little Havana real estate market had 108 homes for sale in March 2024, a 18.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 31 | +34.8% |
| 2 Bedrooms | 53 | 61 | +15.1% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Little Havana housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 34.8%, 2 bedroom homes increased by 15.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Little Havana, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Little Havana in March 2024, down by 27.3% month-over-month. Of the 8 sold homes, 88% were sold under asking, 0% were sold at asking, and 13% were sold over asking.
Days on Market for Little Havana, FL
How long does it take to sell a home in Little Havana, FL?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 62 Days | 82 Days | +32.1% |
Summary: Homes in Little Havana had an average of 82 days on market in Mar 2024, up by 32.1% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Little Havana has remained consistent over time.
Summary: During March 2024, 8 homes were sold in Little Havana; 25% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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