Is West Park, 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, West Park was a Seller's Market.
Key Takeaway
West Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Park, FL
How much do homes in West Park, FL cost?
Median Sold Price
$430,000
$344/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West Park have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in West Park was $430,000 in April 2024, up 14.5% from last year, and the median price per square foot was $344.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $295K | $347.5K | +17.8% |
| 3 Bedrooms | $375K | $425K | +13.3% |
| 4 Bedrooms | $422.5K | $490K | +16.0% |
| 5+ Bedrooms | $460K | $515K | +12.0% |
Summary: West Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 12%.
Median Sold Price Compared To Nearby Cities
| West Park | $375.4K | $430K | +14.5% |
| Miami Gardens | $412K | $455K | +10.4% |
| Hollywood | $449.9K | $477.6K | +6.2% |
| Hallandale | $320K | $321.5K | 0.5% |
Housing Supply in West Park, FL
How many homes are available in West Park, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 48 | +37.1% |
Summary: The West Park real estate market had 48 homes for sale in April 2024, a 37.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 19 | 24 | +26.3% |
| 4 Bedrooms | 11 | 15 | +36.4% |
| 5+ Bedrooms | 0 | 4 | +100.0% |
Summary: The West Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in West Park in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for West Park, FL
How long does it take to sell a home in West Park, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 40 Days | 39 Days | -4.1% |
Summary: Homes in West Park had an average of 39 days on market in Apr 2024, down by 4.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in West Park are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in West Park; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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