Is Wynwood, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Wynwood was a Seller's Market.
Key Takeaway
Wynwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wynwood, FL
How much do homes in Wynwood, FL cost?
Median Sold Price
$650,000
$620/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Wynwood have sold for 3.3% less than they did a year ago.
Summary: The median home sold price in Wynwood was $650,000 in June 2024, down 3.3% from last year, and the median price per square foot was $620.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $440K | $450K | +2.3% |
| 2 Bedrooms | $735K | $742K | +1.0% |
| 3 Bedrooms | $1.2M | $1.2M | -0.2% |
| 4 Bedrooms | $2.1M | $1.6M | -23.2% |
| 5+ Bedrooms | $4.1M | $3.6M | -11.9% |
Summary: Wynwood housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 1%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 23.2%, and 5+ bedroom homes decreased by 11.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Upper East Side | $765K | $792.5K | +3.6% |
| Wynwood | $672.5K | $650K | -3.3% |
Housing Supply in Wynwood, FL
How many homes are available in Wynwood, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 428 | 457 | +6.8% |
Summary: The Wynwood real estate market had 457 homes for sale in June 2024, a 6.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 117 | 130 | +11.1% |
| 2 Bedrooms | 195 | 211 | +8.2% |
| 3 Bedrooms | 84 | 80 | -4.8% |
| 4 Bedrooms | 21 | 25 | +19.0% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Wynwood housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 8.2%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 19%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 37 | 23 | -37.8% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Wynwood, you may be able to get a good deal. 91.3% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Wynwood in June 2024, down by 37.8% month-over-month. Of the 23 sold homes, 91% were sold under asking, 4% were sold at asking, and 4% were sold over asking.
Days on Market for Wynwood, FL
How long does it take to sell a home in Wynwood, FL?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 105 Days | 115 Days | +9.9% |
Summary: Homes in Wynwood had an average of 115 days on market in Jun 2024, up by 9.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Wynwood are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During June 2024, 23 homes were sold in Wynwood; 17% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 48% of homes were sold over 90 days.
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