Is South Westside, 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, South Westside has remained a Seller's Market.
Housing Prices in South Westside, FL
How much do homes in South Westside, FL cost?
Median Sold Price
$654,722
$381/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Westside was $654,722 in May 2024, up 9.1% from last year, and the median price per square foot was $381.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $173.7K | $220K | +26.6% |
2 Bedrooms | $365K | $315K | -13.7% |
3 Bedrooms | $554.9K | $630K | +13.5% |
4 Bedrooms | $662.5K | $710K | +7.2% |
5+ Bedrooms | $730K | $788.5K | +8.0% |
Summary: South Westside housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.6%, 2 bedroom homes decreased by 13.7%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Cities
Kendall-Palmetto Bay | $697.9K | $791.2K | +13.4% |
North Westside | $431.5K | $485.4K | +12.5% |
South Westside | $599.9K | $654.7K | +9.1% |
Housing Supply in South Westside, FL
How many homes are available in South Westside, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
193 | 203 | +5.2% |
Summary: The South Westside real estate market had 203 homes for sale in May 2024, a 5.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 12 | +9.1% |
2 Bedrooms | 16 | 19 | +18.8% |
3 Bedrooms | 74 | 75 | +1.4% |
4 Bedrooms | 58 | 62 | +6.9% |
5+ Bedrooms | 34 | 35 | +2.9% |
Summary: The South Westside housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 2.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 41 | +7.9% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in South Westside in May 2024, up by 7.9% month-over-month. Of the 41 sold homes, 66% were sold under asking, 12% were sold at asking, and 22% were sold over asking.
Days on Market for South Westside, FL
How long does it take to sell a home in South Westside, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 32 Days | +21.3% |
Summary: Homes in South Westside had an average of 32 days on market in May 2024, up by 21.3% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 41 homes were sold in South Westside; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.