Is Biscayne Park, 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, Biscayne Park was a Seller's Market.
Housing Prices in Biscayne Park, FL
How much do homes in Biscayne Park, FL cost?
Median Sold Price
$990,000
$626/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Biscayne Park was $990,000 in May 2024, up 3.9% from last year, and the median price per square foot was $626.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $595K | N/A |
2 Bedrooms | $817.5K | $790K | -3.4% |
3 Bedrooms | $897.5K | $990K | +10.3% |
4 Bedrooms | $1.3M | $1.4M | +4.5% |
5+ Bedrooms | $2.0M | $2.1M | +2.7% |
Summary: Biscayne Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
North Miami | $360K | $400K | +11.1% |
Miami Shores | $1.0M | $1.0M | +7.9% |
Biscayne Park | $952.5K | $990K | +3.9% |
Housing Supply in Biscayne Park, FL
How many homes are available in Biscayne Park, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 30 | +3.4% |
Summary: The Biscayne Park real estate market had 30 homes for sale in May 2024, a 3.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Biscayne Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Biscayne Park in May 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Biscayne Park, FL
How long does it take to sell a home in Biscayne Park, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
48 Days | 44 Days | -9.6% |
Summary: Homes in Biscayne Park had an average of 44 days on market in May 2024, down by 9.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Biscayne Park; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.