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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Westside is a seller's market

Buyer's
Market

Difference Since June 2021

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

Key Takeaway

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

How much do homes in South Westside, FL cost?

Median Sold Price

$530,000

$311/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2021

+$80,000(+17.8%)

Key Takeaway

Homes in South Westside have sold for 17.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJun 2021Jun 2022%
1 $147K$160K
+8.8%
2 $225.5K$325K
+44.1%
3 $426.2K$495K
+16.1%
4 $499K$604.4K
+21.1%
5+ $545K$697.5K
+28.0%

Median Sold Price Compared To Nearby Cities

Miami
+23.9%
North Westside
+21.5%
South Westside
+17.8%
Kendale Lakes-Tamiami
+14.5%
Kendall-Palmetto Bay
+6.8%

How many homes are available in South Westside, FL?

Number of Homes For Sale

May 2022Jun 2022%
172190+10.5%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 35
+66.7%
2 1310
-23.1%
3 5667
+19.6%
4 6670
+6.1%
5+ 3438
+11.8%

Number of Homes Sold

May 2022Jun 2022%
4333-23.3%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Westside, you may be able to get a good deal. 60.6% of homes here sold below asking price last month.

Average Sale Time

Jun 2021Jun 2022%
25 Days28 Days+8.3%

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in South 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 South Westside, FL

Homes for sale in South Westside, FL have reached 190. The number of homes for sale in South Westside, FL increased by 10.5% between May 2022 and June 2022. The median list price of listings available in June 2022 was $530,000, while the average time on the real estate market was 28 days. Between May 2022 and June 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 8.8%, prices of 2 bedrooms properties went up by 44.1%, prices of 3 bedrooms properties went up by 16.1%, the cost of 4 bedrooms properties went up by 21.1%, 5 bedrooms properties prices increased by 28%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes went up by 66.7%, number of 2 bedrooms homes decreased by 23.1%, volume of 3 bedrooms homes went up by 19.6%, volume of 4 bedrooms homes went up by 6.1%, the quantity of 5 bedrooms homes went up by 11.8%. Over 11 listings were sold over their listed price in June 2022 in South Westside, FL. In the same period over 20 listings were sold below the listed price and 2 listings were sold for the listed price.

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