Is Wynwood, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$659,333
$622/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wynwood was $659,333 in May 2024, down 1.6% from last year, and the median price per square foot was $622.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $446K | $449K | +0.7% |
2 Bedrooms | $730K | $746K | +2.2% |
3 Bedrooms | $1.2M | $1.2M | -0.2% |
4 Bedrooms | $1.7M | $2.8M | +58.7% |
5+ Bedrooms | $4.1M | $4.2M | +2.4% |
Summary: Wynwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 2.2%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 58.7%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Neighborhoods
Upper East Side | $710K | $785K | +10.6% |
Wynwood | $670K | $659.3K | -1.6% |
Housing Supply in Wynwood, FL
How many homes are available in Wynwood, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
430 | 464 | +7.9% |
Summary: The Wynwood real estate market had 464 homes for sale in May 2024, a 7.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 121 | 128 | +5.8% |
2 Bedrooms | 186 | 207 | +11.3% |
3 Bedrooms | 82 | 87 | +6.1% |
4 Bedrooms | 30 | 29 | -3.3% |
5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Wynwood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.8%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 34 | -15.0% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Wynwood in May 2024, down by 15.0% month-over-month. Of the 34 sold homes, 91% were sold under asking, 9% were sold at asking, and 0% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
94 Days | 96 Days | +3.1% |
Summary: Homes in Wynwood had an average of 96 days on market in May 2024, up by 3.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During May 2024, 34 homes were sold in Wynwood; 21% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.