Is West Tamiami, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, West Tamiami has remained a Seller's Market.
Key Takeaway
West Tamiami is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Tamiami, FL
How much do homes in West Tamiami, FL cost?
Median Sold Price
$658,900
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West Tamiami have sold for 3% more than they did a year ago.
Summary: The median home sold price in West Tamiami was $658,900 in April 2024, up 3% from last year, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $585K | $607.5K | +3.8% |
| 4 Bedrooms | $650K | $683.9K | +5.2% |
| 5+ Bedrooms | $835K | $795K | -4.8% |
Summary: West Tamiami housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Corsica Place | $650K | $692K | +6.5% |
| West Tamiami | $640K | $658.9K | +3.0% |
Housing Supply in West Tamiami, FL
How many homes are available in West Tamiami, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 39 | +2.6% |
Summary: The West Tamiami real estate market had 39 homes for sale in April 2024, a 2.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 18 | 15 | -16.7% |
| 5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The West Tamiami housing inventory by bedroom type for April 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 12.5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Tamiami, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in West Tamiami in April 2024, down by 25.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.
Days on Market for West Tamiami, FL
How long does it take to sell a home in West Tamiami, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 110 Days | 45 Days | -58.8% |
Summary: Homes in West Tamiami had an average of 45 days on market in Apr 2024, down by 58.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Tamiami are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in West Tamiami; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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