Is Miami Gardens, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Miami Gardens has remained a Seller's Market.
Housing Prices in Miami Gardens, FL
How much do homes in Miami Gardens, FL cost?
Median Sold Price
$455,205
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Miami Gardens was $455,205 in May 2024, up 8.6% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $123.5K | +12.3% |
2 Bedrooms | $264.7K | $322K | +21.6% |
3 Bedrooms | $415K | $450K | +8.4% |
4 Bedrooms | $470K | $496K | +5.5% |
5+ Bedrooms | $505K | $575K | +13.9% |
Summary: Miami Gardens housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.3%, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 13.9%.
Median Sold Price Compared To Nearby Cities
Opa-locka | $332.5K | $387.5K | +16.5% |
West Park | $380K | $430K | +13.2% |
Miami Gardens | $419.1K | $455.2K | +8.6% |
Miramar-Pembroke Pines | $455.6K | $491.2K | +7.8% |
Miramar | $485K | $520K | +7.2% |
Housing Supply in Miami Gardens, FL
How many homes are available in Miami Gardens, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
328 | 302 | -7.9% |
Summary: The Miami Gardens real estate market had 302 homes for sale in May 2024, a 7.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 25 | +4.2% |
2 Bedrooms | 28 | 34 | +21.4% |
3 Bedrooms | 161 | 145 | -9.9% |
4 Bedrooms | 92 | 79 | -14.1% |
5+ Bedrooms | 23 | 19 | -17.4% |
Summary: The Miami Gardens housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 21.4%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes decreased by 17.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
92 | 52 | -43.5% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Miami Gardens in May 2024, down by 43.5% month-over-month. Of the 52 sold homes, 60% were sold under asking, 27% were sold at asking, and 13% were sold over asking.
Days on Market for Miami Gardens, FL
How long does it take to sell a home in Miami Gardens, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
37 Days | 44 Days | +17.6% |
Summary: Homes in Miami Gardens had an average of 44 days on market in May 2024, up by 17.6% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 52 homes were sold in Miami Gardens; 62% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.