Is Miami Gardens, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Miami Gardens is a seller's market

Buyer's
Market

Difference Since June 2021

Since last year, Miami Gardens has remained a Seller's Market.

Key Takeaway

Miami Gardens is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Miami Gardens, FL cost?

Median Sold Price

$365,066

$253/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2021

+$64,122(+21.3%)

Key Takeaway

Homes in Miami Gardens have sold for 21.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJun 2021Jun 2022%
1 $68.9K$85.4K
+23.9%
2 $194K$227K
+17.0%
3 $299.6K$365K
+21.8%
4 $330K$400K
+21.2%
5+ $398K$475K
+19.3%

Median Sold Price Compared To Nearby Cities

West Park
+22.0%
Miami Gardens
+21.3%
Miramar
+18.6%
Opa-locka
+18.5%
Miramar-Pembroke Pines
+15.6%

How many homes are available in Miami Gardens, FL?

Number of Homes For Sale

May 2022Jun 2022%
2232230.0%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 129
-25.0%
2 3326
-21.2%
3 117120
+2.6%
4 4753
+12.8%
5+ 1415
+7.1%

Number of Homes Sold

May 2022Jun 2022%
5949-16.9%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Miami Gardens, you could pay more than the asking price. 46.9% of homes here sold above asking price last month.

Average Sale Time

Jun 2021Jun 2022%
30 Days30 Days0.5%

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Miami Gardens 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 Miami Gardens, FL

Miami Gardens, FL has 223 homes on the market. Listings spent 30 days on the market in June 2022, and had a median list price of $365,066 during the same period. From May 2022 through June 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 23.9%, 2 bedrooms properties became 17% more expensive, prices of 3 bedrooms properties went up by 21.8%, 4 bedrooms properties became 21.2% more expensive, prices of 5 bedrooms properties went up by 19.3%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes went down by 25%, number of 2 bedrooms homes decreased by 21.2%, volume of 3 bedrooms homes went up by 2.6%, 4 bedrooms homes inventory increased by 12.8%, volume of 5 bedrooms homes went up by 7.1%. In June 2022 more than 23 listings in Miami Gardens, FL were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 17 were sold below.

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