Is North Westside, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Westside is a seller's market

Buyer's
Market

Difference Since June 2021

Since last year, North Westside has remained a Seller's Market.

Key Takeaway

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

How much do homes in North Westside, FL cost?

Median Sold Price

$376,396

$260/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2021

+$66,643(+21.5%)

Key Takeaway

Homes in North Westside have sold for 21.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJun 2021Jun 2022%
1 $169.5K$200K
+18.0%
2 $225K$256K
+13.8%
3 $339.2K$425.5K
+25.4%
4 $500K$620K
+24.0%
5+ $727.5K$1.0M
+40.2%

Median Sold Price Compared To Nearby Cities

Miami Springs
+27.9%
North Westside
+21.5%
Doral
+20.2%

How many homes are available in North Westside, FL?

Number of Homes For Sale

May 2022Jun 2022%
617607-1.6%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 7368
-6.8%
2 160143
-10.6%
3 205198
-3.4%
4 122131
+7.4%
5+ 5767
+17.5%

Number of Homes Sold

May 2022Jun 2022%
161113-29.8%

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

28 Homes Were Sold
At Asking

43 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Westside, you could pay more than the asking price. 38.1% of homes here sold above asking price last month.

Average Sale Time

Jun 2021Jun 2022%
49 Days41 Days-16.4%

Breakdown of Home Sale Times

82 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Westside 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 North Westside, FL

North Westside, FL has 607 homes on the market. The number of homes for sale in North Westside, FL decreased by 1.6% between May 2022 and June 2022. The median list price of listings available in June 2022 was $376,396, while the average time on the real estate market was 41 days. Between May 2022 and June 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 18%, 2 bedrooms properties became 13.8% more expensive, 3 bedrooms properties became 25.4% more expensive, 4 bedrooms properties became 24% more expensive, 5 bedrooms properties prices increased by 40.2%. This housing market inventory have changed: 1 bedroom homes inventory decreased by 6.8%, the quantity of 2 bedrooms homes went down by 10.6%, 3 bedrooms homes became 3.4% less available, the quantity of 4 bedrooms homes went up by 7.4%, number of 5 bedrooms homes increased by 17.5%. In June 2022, from all listings sold in North Westside, FL there were more than 43 sold above asking price, over 42 sold below and more than 28 were sold right at the asked price.

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