Is Biscayne Park, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$1,000,000
$623/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Biscayne Park was $1,000,000 in March 2024, up 3.1% from last year, and the median price per square foot was $623.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $595K | N/A |
2 Bedrooms | $735K | $735K | 0.0% |
3 Bedrooms | $955K | $970K | +1.6% |
4 Bedrooms | $1.3M | $1.4M | +4.4% |
5+ Bedrooms | $2.0M | $1.7M | -14.5% |
Summary: Biscayne Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 14.5%.
Median Sold Price Compared To Nearby Cities
North Miami | $349.1K | $390K | +11.7% |
Miami Shores | $1.0M | $1.0M | +3.8% |
Biscayne Park | $970K | $1.0M | +3.1% |
Housing Supply in Biscayne Park, FL
How many homes are available in Biscayne Park, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 35 | +9.4% |
Summary: The Biscayne Park real estate market had 35 homes for sale in March 2024, a 9.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 12 | 12 | 0.0% |
4 Bedrooms | 11 | 14 | +27.3% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Biscayne Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Biscayne Park in March 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
116 Days | 43 Days | -62.4% |
Summary: Homes in Biscayne Park had an average of 43 days on market in Mar 2024, down by 62.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Biscayne Park; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.