Is Miami Gardens, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Miami Gardens was a Seller's Market.
Housing Prices in Miami Gardens, FL
How much do homes in Miami Gardens, FL cost?
Median Sold Price
$460,218
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Miami Gardens was $460,218 in June 2024, up 9.6% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $125K | +13.6% |
2 Bedrooms | $262.5K | $326K | +24.2% |
3 Bedrooms | $420K | $450K | +7.1% |
4 Bedrooms | $470K | $500K | +6.4% |
5+ Bedrooms | $510K | $575K | +12.7% |
Summary: Miami Gardens housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.6%, 2 bedroom homes increased by 24.2%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 12.7%.
Median Sold Price Compared To Nearby Cities
West Park | $386.5K | $440K | +13.8% |
Opa-locka | $338.5K | $375K | +10.8% |
Miami Gardens | $420K | $460.2K | +9.6% |
Miramar | $489.7K | $529.7K | +8.2% |
Miramar-Pembroke Pines | $459.5K | $496.5K | +8.1% |
Housing Supply in Miami Gardens, FL
How many homes are available in Miami Gardens, FL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
293 | 286 | -2.4% |
Summary: The Miami Gardens real estate market had 286 homes for sale in June 2024, a 2.4% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 22 | 20 | -9.1% |
2 Bedrooms | 30 | 31 | +3.3% |
3 Bedrooms | 146 | 133 | -8.9% |
4 Bedrooms | 76 | 82 | +7.9% |
5+ Bedrooms | 19 | 20 | +5.3% |
Summary: The Miami Gardens housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
68 | 32 | -52.9% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Miami Gardens in June 2024, down by 52.9% month-over-month. Of the 32 sold homes, 53% were sold under asking, 31% were sold at asking, and 16% were sold over asking.
Days on Market for Miami Gardens, FL
How long does it take to sell a home in Miami Gardens, FL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
20 Days | 23 Days | +15.1% |
Summary: Homes in Miami Gardens had an average of 23 days on market in Jun 2024, up by 15.1% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During June 2024, 32 homes were sold in Miami Gardens; 78% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.