Is Bal Harbour, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bal Harbour is a buyer's market

Buyer's
Market

Difference Since July 2021

At the same time last year, Bal Harbour was a Seller's Market.

Key Takeaway

Bal Harbour is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Bal Harbour, FL cost?

Median Sold Price

$1,362,500

$770/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$137,500(+11.2%)

Key Takeaway

Homes in Bal Harbour have sold for 11.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $407.5K$525K
+28.8%
2 $1.1M$1.2M
+11.1%
3 $2.4M$3.4M
+43.5%
4 $4.3M$4.1M
-4.1%
5+ $4.6M$17.9M
+283.6%

Median Sold Price Compared To Nearby Cities

Bay Harbor Islands
+52.6%
Surfside
+30.8%
Bal Harbour
+11.2%

How many homes are available in Bal Harbour, FL?

Number of Homes For Sale

Jun 2022Jul 2022%
1011010.0%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 2021
+5.0%
2 4445
+2.3%
3 2828
0.0%
4 55
0.0%
5+ 42
-50.0%

Number of Homes Sold

Jun 2022Jul 2022%
137-46.2%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bal Harbour, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Average Sale Time

Jul 2021Jul 2022%
118 Days37 Days-68.3%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Bal Harbour, FL

Bal Harbour, FL has 101 homes on the market. The median list price of listings available in July 2022 was $1,362,500, while the average time on the real estate market was 37 days. Listing prices have changed in this real estate market between June 2022 and July 2022: 1 bedroom properties prices increased by 28.8%, prices of 2 bedrooms properties went up by 11.1%, the cost of 3 bedrooms properties went up by 43.5%, 4 bedrooms properties became 4.1% more cheaper, prices of 5 bedrooms properties increased by 283.6%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes went up by 5%, 2 bedrooms homes became 2.3% more available, 3 bedrooms homes inventory did not change, 4 bedrooms homes did not move, 5 bedrooms homes became 50% less available. Over 3 listings were sold over their listed price in July 2022 in Bal Harbour, FL. In the same period over 3 listings were sold below the listed price and 1 listings were sold for the listed price.

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