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

Housing Market Conditions



Gauge showing Miami Springs is a seller's market


Difference Since November 2022

Since last year, Miami Springs has remained a Seller's Market.

Key Takeaway

Miami Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Miami Springs, FL

How much do homes in Miami Springs, FL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Miami Springs have sold for 5.9% more than they did a year ago.

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

# BEDSNov 2022Nov 2023CHANGE
1 $181.2K-
2 $460K$530K
3 $637.5K$662.5K
4 $692.5K$763K
5+ $968.5K$935K

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

North Westside
Miami Springs

Housing Supply in Miami Springs, FL

How many homes are available in Miami Springs, FL?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

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

# BEDSOct 2023Nov 2023CHANGE
1 10
2 13
3 1713
4 1013
5+ 11

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 2023Nov 2023CHANGE

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 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 Springs, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

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 2022Nov 2023CHANGE
43 Days22 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Miami Springs are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 6 Days Ago

Newest Listings in Miami Springs, FL

Nearby Markets to Miami Springs, FL

What housing markets are near Miami Springs, FL?