Is Miami Springs, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Miami Springs has remained a Seller's Market.
Housing Prices in Miami Springs, FL
How much do homes in Miami Springs, FL cost?
Median Sold Price
$670,000
$396/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Summary: The median home sold price in Miami Springs was $670,000 in November 2023, up 5.9% from last year, and the median price per square foot was $396.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $181.2K | - | N/A |
2 Bedrooms | $460K | $530K | +15.2% |
3 Bedrooms | $637.5K | $662.5K | +3.9% |
4 Bedrooms | $692.5K | $763K | +10.2% |
5+ Bedrooms | $968.5K | $935K | -3.5% |
Summary: Miami Springs housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 3.5%.
Median Sold Price Compared To Nearby Cities
Hialeah | $384.5K | $438K | +13.9% |
North Westside | $407.5K | $449.9K | +10.4% |
Miami Springs | $632.5K | $670K | +5.9% |
Housing Supply in Miami Springs, FL
How many homes are available in Miami Springs, FL?
Number of Homes For Sale
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
30 | 30 | 0.0% |
Summary: The Miami Springs real estate market had 30 homes for sale in November 2023, the same as October 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 17 | 13 | -23.5% |
4 Bedrooms | 10 | 13 | +30.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Miami Springs housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
9 | 7 | -22.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Miami Springs in November 2023, down by 22.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Miami Springs, FL
How long does it take to sell a home in Miami Springs, FL?
Average Sale Time
Nov 2022 | Nov 2023 | CHANGE |
---|---|---|
43 Days | 22 Days | -47.6% |
Summary: Homes in Miami Springs had an average of 22 days on market in Nov 2023, down by 47.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During November 2023, 7 homes were sold in Miami Springs; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.