Is Miami Lakes West, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Miami Lakes West was a Seller's Market.
Key Takeaway
Miami Lakes West is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Miami Lakes West, FL
How much do homes in Miami Lakes West, FL cost?
Median Sold Price
$565,000
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Miami Lakes West have sold for 16.5% more than they did a year ago.
Summary: The median home sold price in Miami Lakes West was $565,000 in April 2024, up 16.5% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $413.5K | $444K | +7.4% |
| 3 Bedrooms | $480K | $540K | +12.5% |
| 4 Bedrooms | $615K | $652.5K | +6.1% |
| 5+ Bedrooms | $675K | $705K | +4.4% |
Summary: Miami Lakes West housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Bonterra | $487.5K | $640K | +31.3% |
| Miami Lakes West | $485K | $565K | +16.5% |
Housing Supply in Miami Lakes West, FL
How many homes are available in Miami Lakes West, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 74 | 74 | 0.0% |
Summary: The Miami Lakes West real estate market had 74 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 58 | 57 | -1.7% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Miami Lakes West housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 9 | -47.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Miami Lakes West, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Miami Lakes West in April 2024, down by 47.1% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Miami Lakes West, FL
How long does it take to sell a home in Miami Lakes West, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 36 Days | +30.9% |
Summary: Homes in Miami Lakes West had an average of 36 days on market in Apr 2024, up by 30.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Miami Lakes West has remained consistent over time.
Summary: During April 2024, 9 homes were sold in Miami Lakes West; 44% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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