Is Tamiami, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Tamiami was a Seller's Market.
Housing Prices in Tamiami, FL
How much do homes in Tamiami, FL cost?
Median Sold Price
$478,500
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Tamiami was $478,500 in March 2024, up 9.2% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $194.5K | $222.5K | +14.4% |
2 Bedrooms | $256K | $285K | +11.3% |
3 Bedrooms | $485K | $500.8K | +3.3% |
4 Bedrooms | $650K | $660K | +1.5% |
5+ Bedrooms | $799K | $1.2M | +50.2% |
Summary: Tamiami housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.4%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 50.2%.
Housing Supply in Tamiami, FL
How many homes are available in Tamiami, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
90 | 94 | +4.4% |
Summary: The Tamiami real estate market had 94 homes for sale in March 2024, a 4.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 31 | 29 | -6.5% |
3 Bedrooms | 32 | 29 | -9.4% |
4 Bedrooms | 12 | 16 | +33.3% |
5+ Bedrooms | 12 | 17 | +41.7% |
Summary: The Tamiami housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 41.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 12 | -45.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Tamiami in March 2024, down by 45.5% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Tamiami, FL
How long does it take to sell a home in Tamiami, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 34 Days | -23.1% |
Summary: Homes in Tamiami had an average of 34 days on market in Mar 2024, down by 23.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Tamiami; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.