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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Miami Lakes is a neutral's market

Buyer's
Market

Difference Since November 2021

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.

How much do homes in Miami Lakes, FL cost?

Median Sold Price

$598,000

$306/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$141,500(+31.0%)

Key Takeaway

Homes in Miami Lakes have sold for 31% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $174K$255.5K
+46.8%
2 $269K$315K
+17.1%
3 $435K$525K
+20.7%
4 $583.5K$700K
+20.0%
5+ $822.2K$1.1M
+33.8%

Median Sold Price Compared To Nearby Cities

Miami Lakes
+31.0%
Miami Gardens
+20.0%
Hialeah
+18.1%

How many homes are available in Miami Lakes, FL?

Number of Homes For Sale

Oct 2022Nov 2022%
8284+2.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 01
+100.0%
2 1615
-6.3%
3 3031
+3.3%
4 2323
0.0%
5+ 1314
+7.7%

Number of Homes Sold

Oct 2022Nov 2022%
12120.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Miami Lakes, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
26 Days35 Days+35.4%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Miami Lakes 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 Lakes, FL

Number of homes for sale in Miami Lakes, FL real estate market have reached 84. The number of homes for sale in Miami Lakes, FL increased by 2.4% between October 2022 and November 2022. While the average time on the market in November 2022 was 35 days, the median list price was $598,000. This housing market listing prices have changed between October 2022 and November 2022: prices of 1 bedroom properties increased by 46.8%, 2 bedrooms properties prices increased by 17.1%, prices of 3 bedrooms properties went up by 20.7%, 4 bedrooms properties prices increased by 20%, prices of 5 bedrooms properties increased by 33.8%. Housing inventory have changed in this real estate market: 1 bedroom homes became 100% more available, 2 bedrooms homes became 6.3% less available, number of 3 bedrooms homes increased by 3.3%, 4 bedrooms homes did not move, 5 bedrooms homes became 7.7% more available. Miami Lakes, FL housing market in November 2022 saw over 2 listings sold above listed price, more than 3 sold at listed price and over 7 sold below.

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