Is West Park, 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, West Park was a Seller's Market.
Key Takeaway
West Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Park, FL
How much do homes in West Park, FL cost?
Median Sold Price
$422,500
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in West Park have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in West Park was $422,500 in March 2024, up 12.7% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $290K | $350K | +20.7% |
| 3 Bedrooms | $375K | $420K | +12.0% |
| 4 Bedrooms | $430K | $490K | +14.0% |
| 5+ Bedrooms | $460K | $515K | +12.0% |
Summary: West Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 12%.
Median Sold Price Compared To Nearby Cities
| Pembroke Park | $161K | $183.5K | +14.0% |
| West Park | $375K | $422.5K | +12.7% |
| Miami Gardens | $406.6K | $454.7K | +11.8% |
| Hollywood | $444.4K | $474.5K | +6.8% |
| Hallandale | $322.5K | $325.5K | +1.0% |
Housing Supply in West Park, FL
How many homes are available in West Park, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 38 | +5.6% |
Summary: The West Park real estate market had 38 homes for sale in March 2024, a 5.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The West Park 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 remained the same, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in West Park in March 2024, down by 66.7% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for West Park, FL
How long does it take to sell a home in West Park, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 19 Days | -65.8% |
Summary: Homes in West Park had an average of 19 days on market in Mar 2024, down by 65.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Park are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in West Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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