Is Kendale Lakes-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, Kendale Lakes-Tamiami has remained a Seller's Market.
Key Takeaway
Kendale Lakes-Tamiami is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kendale Lakes-Tamiami, FL
How much do homes in Kendale Lakes-Tamiami, FL cost?
Median Sold Price
$540,252
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Kendale Lakes-Tamiami have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Kendale Lakes-Tamiami was $540,252 in April 2024, up 13.2% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199.9K | $229.5K | +14.8% |
| 2 Bedrooms | $283K | $318.5K | +12.5% |
| 3 Bedrooms | $455.1K | $519.9K | +14.2% |
| 4 Bedrooms | $630K | $689.9K | +9.5% |
| 5+ Bedrooms | $775K | $830K | +7.1% |
Summary: Kendale Lakes-Tamiami housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.8%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Kendale Lakes-Tamiami | $477.4K | $540.2K | +13.2% |
| North Westside | $428K | $473.7K | +10.7% |
| Kendall-Palmetto Bay | $703.6K | $773.9K | +10.0% |
| South Westside | $599K | $650K | +8.5% |
Housing Supply in Kendale Lakes-Tamiami, FL
How many homes are available in Kendale Lakes-Tamiami, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,008 | 1,040 | +3.2% |
Summary: The Kendale Lakes-Tamiami real estate market had 1,040 homes for sale in April 2024, a 3.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 38 | 33 | -13.2% |
| 2 Bedrooms | 189 | 200 | +5.8% |
| 3 Bedrooms | 391 | 396 | +1.3% |
| 4 Bedrooms | 264 | 280 | +6.1% |
| 5+ Bedrooms | 126 | 131 | +4.0% |
Summary: The Kendale Lakes-Tamiami housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 13.2%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 239 | 190 | -20.5% |
Asking Price vs. Sold Price
108 Homes Were Sold
Under Asking
43 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kendale Lakes-Tamiami, you may be able to get a good deal. 56.8% of homes here sold below asking price last month.
Summary: A total of 190 homes were sold or pending in Kendale Lakes-Tamiami in April 2024, down by 20.5% month-over-month. Of the 190 sold homes, 57% were sold under asking, 23% were sold at asking, and 21% were sold over asking.
Days on Market for Kendale Lakes-Tamiami, FL
How long does it take to sell a home in Kendale Lakes-Tamiami, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 45 Days | 37 Days | -16.8% |
Summary: Homes in Kendale Lakes-Tamiami had an average of 37 days on market in Apr 2024, down by 16.8% compared to last year.
Breakdown of Home Sale Times
108 Homes Were Sold
Under 30 Days
61 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kendale Lakes-Tamiami are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 190 homes were sold in Kendale Lakes-Tamiami; 57% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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