Is Little Havana, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Little Havana was a Seller's Market.
Key Takeaway
Little Havana is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Little Havana, FL
How much do homes in Little Havana, FL cost?
Median Sold Price
$325,000
$356/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Little Havana have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Little Havana was $325,000 in May 2024, up 8.3% from last year, and the median price per square foot was $356.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199K | $257.5K | +29.4% |
| 2 Bedrooms | $305K | $273K | -10.5% |
| 3 Bedrooms | $641K | $595K | -7.2% |
| 4 Bedrooms | $1.1M | $949.9K | -13.6% |
| 5+ Bedrooms | $532.4K | $950K | +78.4% |
Summary: Little Havana housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.4%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes increased by 78.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Brickell Estates | $790K | $1.0M | +28.5% |
| Brickell | $638.2K | $699.1K | +9.5% |
| Little Havana | $300K | $325K | +8.3% |
Housing Supply in Little Havana, FL
How many homes are available in Little Havana, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 101 | 110 | +8.9% |
Summary: The Little Havana real estate market had 110 homes for sale in May 2024, a 8.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 29 | 30 | +3.4% |
| 2 Bedrooms | 51 | 57 | +11.8% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Little Havana housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 11.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
9 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 Little Havana, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Little Havana in May 2024, up by 37.5% month-over-month. Of the 11 sold homes, 82% were sold under asking, 18% were sold at asking, and 0% were sold over asking.
Days on Market for Little Havana, FL
How long does it take to sell a home in Little Havana, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 65 Days | +30.4% |
Summary: Homes in Little Havana had an average of 65 days on market in May 2024, up by 30.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Little Havana has remained consistent over time.
Summary: During May 2024, 11 homes were sold in Little Havana; 27% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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