Is Biscayne Park, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Biscayne Park is a seller's market

Buyer's
Market

Difference Since August 2021

At the same time last year, Biscayne Park was a Neutral Market.

Key Takeaway

Biscayne Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Biscayne Park, FL cost?

Median Sold Price

$813,400

$518/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$251,400(+44.7%)

Key Takeaway

Homes in Biscayne Park have sold for 44.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 --
N/A
2 $467.5K$650K
+39.0%
3 $600K$850K
+41.7%
4 $598.5K$1.4M
+133.9%
5+ $680K$1.7M
+150.0%

Median Sold Price Compared To Nearby Cities

Biscayne Park
+44.7%
Miami Shores
+25.9%
North Miami
+11.1%

How many homes are available in Biscayne Park, FL?

Number of Homes For Sale

Jul 2022Aug 2022%
22220.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 32
-33.3%
3 1112
+9.1%
4 65
-16.7%
5+ 23
+50.0%

Number of Homes Sold

Jul 2022Aug 2022%
65-16.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Biscayne Park, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
23 Days30 Days+30.3%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Biscayne Park 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 Biscayne Park, FL

Biscayne Park, FL has 22 homes for sale to choose from. Listings spent 30 days on the market in August 2022, and had a median list price of $813,400 during the same period. Real estate listing prices changed between July 2022 and August 2022: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went up by 39%, 3 bedrooms properties prices increased by 41.7%, prices of 4 bedrooms properties went up by 133.9%, 5 bedrooms properties became 150% more expensive. This housing market inventory have changed: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went down by 33.3%, 3 bedrooms homes inventory increased by 9.1%, volume of 4 bedrooms homes went down by 16.7%, the quantity of 5 bedrooms homes went up by 50%. Over 1 listings were sold over their listed price in August 2022 in Biscayne Park, FL. In the same period over 2 listings were sold below the listed price and 2 listings were sold for the listed price.

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