Is West Park, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Park is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, West Park has remained a Seller's Market.

Key Takeaway

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

How much do homes in West Park, FL cost?

Median Sold Price

$370,000

$285/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$70,000(+23.3%)

Key Takeaway

Homes in West Park have sold for 23.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $185K-
N/A
2 $227.7K$287.5K
+26.2%
3 $300.5K$370K
+23.1%
4 $325K$410K
+26.2%
5+ $377K$480K
+27.3%

Median Sold Price Compared To Nearby Cities

West Park
+23.3%
Hollywood
+21.9%
Hallandale
+19.9%
Miami Gardens
+19.5%

How many homes are available in West Park, FL?

Number of Homes For Sale

Aug 2022Sep 2022%
3734-8.1%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 55
0.0%
3 2522
-12.0%
4 66
0.0%
5+ 11
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
710+42.9%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Park, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
22 Days17 Days-23.7%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Park 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 West Park, FL

West Park, FL has 34 homes for sale to choose from. The number of listings in West Park, FL decreased by 8.1% between August 2022 and September 2022. In September 2022 median list price was $370,000 and the average listing age was 17 days. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 26.2%, prices of 3 bedrooms properties increased by 23.1%, prices of 4 bedrooms properties went up by 26.2%, prices of 5 bedrooms properties increased by 27.3%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, 2 bedrooms homes did not move, 3 bedrooms homes inventory decreased by 12%, 4 bedrooms homes did not move, volume of 5 bedrooms homes stayed the same. In September 2022, from all listings sold in West Park, FL there were more than 4 sold above asking price, over 4 sold below and more than 2 were sold right at the asked price.

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