Is Wynwood, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Wynwood was a Seller's Market.
Housing Prices in Wynwood, FL
How much do homes in Wynwood, FL cost?
Median Sold Price
$653,125
$615/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wynwood was $653,125 in April 2024, down 3.8% from last year, and the median price per square foot was $615.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $442.5K | $450K | +1.7% |
2 Bedrooms | $735K | $730K | -0.7% |
3 Bedrooms | $1.2M | $1.1M | -5.8% |
4 Bedrooms | $1.7M | $2.8M | +58.7% |
5+ Bedrooms | $5.0M | $4.2M | -17.4% |
Summary: Wynwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes increased by 58.7%, and 5+ bedroom homes decreased by 17.4%.
Median Sold Price Compared To Nearby Neighborhoods
Upper East Side | $750K | $785K | +4.7% |
Wynwood | $679K | $653.1K | -3.8% |
Housing Supply in Wynwood, FL
How many homes are available in Wynwood, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
419 | 468 | +11.7% |
Summary: The Wynwood real estate market had 468 homes for sale in April 2024, a 11.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 122 | 135 | +10.7% |
2 Bedrooms | 178 | 204 | +14.6% |
3 Bedrooms | 79 | 86 | +8.9% |
4 Bedrooms | 30 | 31 | +3.3% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Wynwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 35 | +16.7% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Wynwood in April 2024, up by 16.7% month-over-month. Of the 35 sold homes, 83% were sold under asking, 11% were sold at asking, and 6% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
136 Days | 74 Days | -45.2% |
Summary: Homes in Wynwood had an average of 74 days on market in Apr 2024, down by 45.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 35 homes were sold in Wynwood; 51% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.