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 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
| # BEDS | Jun 2021 | Jun 2022 | % |
|---|---|---|---|
| 1 Bedroom | $147K | $160K | +8.8% |
| 2 Bedrooms | $225.5K | $325K | +44.1% |
| 3 Bedrooms | $426.2K | $495K | +16.1% |
| 4 Bedrooms | $499K | $604.4K | +21.1% |
| 5+ Bedrooms | $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 2022 | Jun 2022 | % |
|---|---|---|
| 172 | 190 | +10.5% |
Homes For Sale By Bedroom Count
| # BEDS | May 2022 | Jun 2022 | % |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 13 | 10 | -23.1%  |
| 3 Bedrooms | 56 | 67 | +19.6% |
| 4 Bedrooms | 66 | 70 | +6.1% |
| 5+ Bedrooms | 34 | 38 | +11.8% |
Number of Homes Sold
| May 2022 | Jun 2022 | % |
|---|---|---|
| 43 | 33 | -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
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 2021 | Jun 2022 | % |
|---|---|---|
| 25 Days | 28 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
Key Takeaway
Many homes in South Westside are selling fast, if you're buying plan to act quickly.
© 2022 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.