Is Miami Lakes, 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 Lakes was a Seller's Market.
Key Takeaway
Miami Lakes 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 Miami Lakes, FL
How much do homes in Miami Lakes, FL cost?
Median Sold Price
$635,000
$346/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Miami Lakes have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Miami Lakes was $635,000 in June 2024, up 1.8% from last year, and the median price per square foot was $346.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219.5K | $218K | -0.7% |
| 2 Bedrooms | $340K | $400K | +17.6% |
| 3 Bedrooms | $545K | $586.1K | +7.5% |
| 4 Bedrooms | $750K | $899K | +19.9% |
| 5+ Bedrooms | $1.0M | $1.1M | +4.8% |
Summary: Miami Lakes housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Hialeah | $410.5K | $458.4K | +11.7% |
| Miami Gardens | $420K | $460.2K | +9.6% |
| Miami Lakes | $624K | $635K | +1.8% |
Housing Supply in Miami Lakes, FL
How many homes are available in Miami Lakes, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 105 | 109 | +3.8% |
Summary: The Miami Lakes real estate market had 109 homes for sale in June 2024, a 3.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 36 | 40 | +11.1% |
| 4 Bedrooms | 29 | 27 | -6.9% |
| 5+ Bedrooms | 19 | 19 | 0.0% |
Summary: The Miami Lakes housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 21 | 16 | -23.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Miami Lakes, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Miami Lakes in June 2024, down by 23.8% month-over-month. Of the 16 sold homes, 75% were sold under asking, 19% were sold at asking, and 6% were sold over asking.
Days on Market for Miami Lakes, FL
How long does it take to sell a home in Miami Lakes, FL?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 56 Days | 47 Days | -16.4% |
Summary: Homes in Miami Lakes had an average of 47 days on market in Jun 2024, down by 16.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Miami Lakes are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 16 homes were sold in Miami Lakes; 56% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc. 
The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.