South Westside Housing Market Report December 2024•Miami-Dade County, Florida

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Housing Prices in South Westside, FL

How much do homes in South Westside, FL cost?

Housing Market Conditions

Is South Westside, FL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

South Westside is a Neutral Market

Difference Since December 2023

At the same time last year, South Westside was a Seller's Market.

Insight

South Westside is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$699,000$405/SqFt
+$61,500
+9.6%

Based on all homes sold in the last 12 months

Insight

Homes in South Westside have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in South Westside was $699,000 in December 2024, up 9.6% from last year, and the median price per square foot was $405.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
South Westside
+9.6%
North Westside
+6.8%
Kendall-Palmetto Bay
+1.3%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$205K$239.5K
+16.8%
2$300K$362.5K
+20.8%
3$615K$661.2K
+7.5%
4$685K$750K
+9.5%
5$785.5K$820K
+4.4%

Summary: South Westside housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +16.8%. The home price for 2 bedroom homes increased by +20.8%. The home price for 3 bedroom homes increased by +7.5%. The home price for 4 bedroom homes increased by +9.5%. The home price for 5 bedroom homes increased by +4.4%.

Housing supply in South Westside, FL

How many homes are available in South Westside, FL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
204Last MonthDec 2024
2042 months agoNov 2024
0.0 %
Change MoMNov – Dec

Summary: The South Westside real estate market had 204 homes for sale in Dec 2024, the same as Nov 2024

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
32Last MonthDec 2024
332 months agoNov 2024
-3.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
11315
+15.4%
21819
+5.6%
37770
-9.1%
46667
+1.5%
53033
+10.0%

Summary: South Westside housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +15.4%. The inventory for 2 bedroom homes increased by +5.6%. The inventory for 3 bedroom homes decreased by -9.1%. The inventory for 4 bedroom homes increased by +1.5%. The inventory for 5 bedroom homes increased by +10.0%.

Asking Price vs. Sold Price

How much do homes in South Westside, FL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price5 Homes

At Asking Price6 Homes

Under Asking Price21 Homes

Insight

If you're buying a home in South Westside, you may be able to get a good deal. 65.6% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in South Westside in December 2024, down by 3.0% month-over-month. Of the 32 sold homes, 66% were sold under asking, 19% were sold at asking, and and 16% were sold over asking.

Days on Market for South Westside, FL

How long does it take to sell a home in South Westside, FL?

Breakdown of Home Sale Times

Under 30 Days17 Homes

30 – 90 Days9 Homes

Over 90 Days6 Homes

Insight

Many homes in South Westside are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 32 homes were sold in South Westside; 53% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
49 DaysThis YearDec 2024
35 Days1 year agoDec 2023
+39.3 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in South Westside had an average listing age of 49 days in Dec 2024, up by 39.3% compared to the previous year.

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Newest Listings in South Westside, FL

What homes are available in South Westside, FL?

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MLS Disclaimers and Copyright

Based on information from Miami MLS, Stellar MLS, and Beaches MLS for the period 01/01/2023 - 01/01/2025

IDX © 2025 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:19:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXAll listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2025 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.