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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Miami Springs is a seller's market

Buyer's
Market

Difference Since June 2021

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.

How much do homes in Miami Springs, FL cost?

Median Sold Price

$587,000

$372/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2021

+$128,000(+27.9%)

Key Takeaway

Homes in Miami Springs have sold for 27.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJun 2021Jun 2022%
1 -$177.5K
N/A
2 $405K$439.5K
+8.5%
3 $475K$550K
+15.8%
4 $545K$645K
+18.3%
5+ $744K$821K
+10.3%

Median Sold Price Compared To Nearby Cities

Miami Springs
+27.9%
Miami
+23.9%
North Westside
+21.5%
Hialeah
+17.7%

How many homes are available in Miami Springs, FL?

Number of Homes For Sale

May 2022Jun 2022%
3334+3.0%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 01
+100.0%
2 43
-25.0%
3 1717
0.0%
4 89
+12.5%
5+ 44
0.0%

Number of Homes Sold

May 2022Jun 2022%
98-11.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 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. 50% of homes here sold below asking price last month.

Average Sale Time

Jun 2021Jun 2022%
41 Days17 Days-59.0%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was 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.

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

About Miami Springs, FL

Homes for sale in Miami Springs, FL have reached 34. Between May 2022 and June 2022, Miami Springs, FL real estate market has seen increase in the number of listings by 3%. Listings spent 17 days on the market in June 2022, and had a median list price of $587,000 during the same period. Listing prices have changed in this real estate market between May 2022 and June 2022: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went up by 8.5%, prices of 3 bedrooms properties increased by 15.8%, prices of 4 bedrooms properties increased by 18.3%, the cost of 5 bedrooms properties went up by 10.3%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes went up by 100%, 2 bedrooms homes inventory decreased by 25%, volume of 3 bedrooms homes stayed the same, number of 4 bedrooms homes increased by 12.5%, 5 bedrooms homes did not move. While more than 3 listings in Miami Springs, FL in June 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 4 were sold below.

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