Is Miami Gardens, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Miami Gardens has remained a Seller's Market.
Housing Prices in Miami Gardens, FL
How much do homes in Miami Gardens, FL cost?
Median Sold Price
$454,750
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Miami Gardens was $454,750 in March 2024, up 11.8% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $105K | $115K | +9.5% |
2 Bedrooms | $262.2K | $326K | +24.3% |
3 Bedrooms | $406.3K | $447.6K | +10.2% |
4 Bedrooms | $455K | $491.5K | +8.0% |
5+ Bedrooms | $506K | $579K | +14.4% |
Summary: Miami Gardens housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 24.3%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 14.4%.
Median Sold Price Compared To Nearby Cities
Opa-locka | $325K | $375K | +15.4% |
West Park | $375K | $422.5K | +12.7% |
Miami Gardens | $406.6K | $454.7K | +11.8% |
Miramar | $475.8K | $512.9K | +7.8% |
Miramar-Pembroke Pines | $449.9K | $474.6K | +5.5% |
Housing Supply in Miami Gardens, FL
How many homes are available in Miami Gardens, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
303 | 316 | +4.3% |
Summary: The Miami Gardens real estate market had 316 homes for sale in March 2024, a 4.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 28 | 29 | +3.6% |
2 Bedrooms | 29 | 34 | +17.2% |
3 Bedrooms | 136 | 142 | +4.4% |
4 Bedrooms | 82 | 86 | +4.9% |
5+ Bedrooms | 28 | 25 | -10.7% |
Summary: The Miami Gardens housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 10.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 57 | +26.7% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 57 homes were sold or pending in Miami Gardens in March 2024, up by 26.7% month-over-month. Of the 57 sold homes, 44% were sold under asking, 33% were sold at asking, and 23% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 37 Days | -3.6% |
Summary: Homes in Miami Gardens had an average of 37 days on market in Mar 2024, down by 3.6% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 57 homes were sold in Miami Gardens; 51% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.