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

Housing Market Conditions



Gauge showing Bay Harbor Islands is a buyer's market


Difference Since April 2022

At the same time last year, Bay Harbor Islands was a Seller's Market.

Key Takeaway

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

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

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since April 2022


Key Takeaway

Homes in Bay Harbor Islands have sold for 24.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2022Apr 2023%
1 $250K$310K
2 $490K$650K
3 $955K$1.1M
4 $1.4M$1.4M
5+ $4.5M$5.2M

Median Sold Price Compared To Nearby Cities

Bay Harbor Islands
Bal Harbour

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

Number of Homes For Sale

Mar 2023Apr 2023%

Homes For Sale By Bedroom Count

# BEDSMar 2023Apr 2023%
1 1614
2 5247
3 1817
4 1012
5+ 610

Number of Homes Sold

Mar 2023Apr 2023%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 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. 83.3% of homes here sold below asking price last month.

Average Sale Time

Apr 2022Apr 2023%
116 Days77 Days-33.7%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 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

There are 100 homes are for sale in Bay Harbor Islands, FL real estate market. Between March 2023 and April 2023, Bay Harbor Islands, FL real estate market has seen decrease in the number of listings by 2%. In April 2023, listings were on the market for 77 days. During the same period, the median list price in this real estate market was $650,000. Listing prices have changed in this real estate market between March 2023 and April 2023: prices of 1 bedroom properties went up by 24%, 2 bedrooms properties became 32.7% more expensive, prices of 3 bedrooms properties increased by 17.8%, prices of 4 bedrooms properties went up by 1.2%, prices of 5 bedrooms properties went up by 16.7%. Volume of homes for sale changed: 1 bedroom homes inventory decreased by 12.5%, 2 bedrooms homes inventory decreased by 9.6%, the quantity of 3 bedrooms homes went down by 5.6%, volume of 4 bedrooms homes went up by 20%, the quantity of 5 bedrooms homes went up by 66.7%. Bay Harbor Islands, FL housing market in April 2023 saw over 0 listings sold above listed price, more than 1 sold at listed price and over 5 sold below.

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