Is Bay Harbor Islands, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bay Harbor Islands is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Bay Harbor Islands has remained a Seller's Market.

Key Takeaway

Bay Harbor Islands is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Bay Harbor Islands, FL cost?

Median Sold Price

$680,000

$480/sqft

Based on all homes sold in June 2022.

Difference Since Last Month

-$160,000(-19.0%)

Key Takeaway

Homes in Bay Harbor Islands have sold for 19% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022Jun 2022%
1 $334.5K$272K
-18.7%
2 $760K$680K
-10.5%
3 $1.1M$1.0M
-11.7%
4 $1.4M$3.7M
+159.6%
5+ $5.5M-
N/A

How many homes are available in Bay Harbor Islands, FL?

Number of Homes For Sale

May 2022Jun 2022%
9198+7.7%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 1314
+7.7%
2 4351
+18.6%
3 1919
0.0%
4 109
-10.0%
5+ 65
-16.7%

Number of Homes Sold

May 2022Jun 2022%
1917-10.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bay Harbor Islands, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.

Average Sale Time

May 2022Jun 2022%
43 Days87 Days+100.3%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bay Harbor Islands 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 Bay Harbor Islands, FL

Homes for sale in Bay Harbor Islands, FL have reached 98. Between May 2022 and June 2022, Bay Harbor Islands, FL real estate market has seen increase in the number of listings by 7.7%. In June 2022 median list price was $680,000 and the average listing age was 87 days. This housing market listing prices have changed between June 2021 and June 2022: the cost of 1 bedroom properties went down by 18.7%, 2 bedrooms properties became 10.5% more cheaper, prices of 3 bedrooms properties decreased by 11.7%, prices of 4 bedrooms properties went up by 159.6%, the cost of 5 bedrooms properties went up by 0%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went up by 7.7%, 2 bedrooms homes became 18.6% more available, number of 3 bedrooms homes remained the same, number of 4 bedrooms homes decreased by 10%, volume of 5 bedrooms homes went down by 16.7%. While more than 4 listings in Bay Harbor Islands, FL in June 2022 were sold above asking price, there were more than 4 listings sold at asking price, and more than 9 were sold below.

Related Housing Market Reports