Is Miami Springs, 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 Springs was a Seller's Market.
Housing Prices in Miami Springs, FL
How much do homes in Miami Springs, FL cost?
Median Sold Price
$695,055
$412/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Miami Springs was $695,055 in April 2024, up 6.9% from last year, and the median price per square foot was $412.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $182.5K | $178K | -2.5% |
2 Bedrooms | $490K | $552.5K | +12.8% |
3 Bedrooms | $650K | $677.5K | +4.2% |
4 Bedrooms | $752.2K | $840K | +11.7% |
5+ Bedrooms | $967.4K | $582K | -39.8% |
Summary: Miami Springs housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.5%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes decreased by 39.8%.
Median Sold Price Compared To Nearby Cities
Hialeah | $401.4K | $451.4K | +12.5% |
North Westside | $428K | $473.7K | +10.7% |
Miami Springs | $650K | $695K | +6.9% |
Housing Supply in Miami Springs, FL
How many homes are available in Miami Springs, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 37 | +8.8% |
Summary: The Miami Springs real estate market had 37 homes for sale in April 2024, a 8.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 14 | 17 | +21.4% |
4 Bedrooms | 14 | 13 | -7.1% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Miami Springs 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 increased by 25%, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Miami Springs in April 2024, down by 28.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 106 Days | +100.4% |
Summary: Homes in Miami Springs had an average of 106 days on market in Apr 2024, up by 100.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Miami Springs; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.