Is South Westside, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, South Westside has remained a Seller's Market.
Housing Prices in South Westside, FL
How much do homes in South Westside, FL cost?
Median Sold Price
$655,000
$388/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in South Westside was $655,000 in June 2024, up 9.2% from last year, and the median price per square foot was $388.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $230K | +31.4% |
2 Bedrooms | $350K | $320K | -8.6% |
3 Bedrooms | $562.7K | $635K | +12.8% |
4 Bedrooms | $657.5K | $730K | +11.0% |
5+ Bedrooms | $725K | $800K | +10.3% |
Summary: South Westside housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.4%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 10.3%.
Median Sold Price Compared To Nearby Cities
North Westside | $432.4K | $475.9K | +10.0% |
Kendall-Palmetto Bay | $710.8K | $779.8K | +9.7% |
South Westside | $600K | $655K | +9.2% |
Housing Supply in South Westside, FL
How many homes are available in South Westside, FL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
198 | 183 | -7.6% |
Summary: The South Westside real estate market had 183 homes for sale in June 2024, a 7.6% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 13 | +8.3% |
2 Bedrooms | 19 | 17 | -10.5% |
3 Bedrooms | 77 | 64 | -16.9% |
4 Bedrooms | 58 | 60 | +3.4% |
5+ Bedrooms | 32 | 29 | -9.4% |
Summary: The South Westside housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes decreased by 16.9%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 9.4%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
48 | 37 | -22.9% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in South Westside in June 2024, down by 22.9% month-over-month. Of the 37 sold homes, 62% were sold under asking, 16% were sold at asking, and 22% were sold over asking.
Days on Market for South Westside, FL
How long does it take to sell a home in South Westside, FL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
24 Days | 41 Days | +66.0% |
Summary: Homes in South Westside had an average of 41 days on market in Jun 2024, up by 66% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During June 2024, 37 homes were sold in South Westside; 54% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.