Is Biscayne Point, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Biscayne Point has remained a Buyer's Market.
Housing Prices in Biscayne Point, FL
How much do homes in Biscayne Point, FL cost?
Median Sold Price
$610,000
$538/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Biscayne Point was $610,000 in April 2024, up 103.7% from last year, and the median price per square foot was $538.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $197.5K | $211.7K | +7.2% |
2 Bedrooms | $290.5K | $360K | +23.9% |
3 Bedrooms | $725.7K | $1.9M | +161.8% |
4 Bedrooms | $4.8M | $2.2M | -54.2% |
5+ Bedrooms | $4.4M | $3.4M | -21.6% |
Summary: Biscayne Point housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes increased by 23.9%, 3 bedroom homes increased by 161.8%, 4 bedroom homes decreased by 54.2%, and 5+ bedroom homes decreased by 21.6%.
Housing Supply in Biscayne Point, FL
How many homes are available in Biscayne Point, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 50 | +11.1% |
Summary: The Biscayne Point real estate market had 50 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 11 | 13 | +18.2% |
3 Bedrooms | 10 | 10 | 0.0% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The Biscayne Point housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 18.2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
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 Point in April 2024, the same as the previous 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 Point, FL
How long does it take to sell a home in Biscayne Point, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 39 Days | +51.9% |
Summary: Homes in Biscayne Point had an average of 39 days on market in Apr 2024, up by 51.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Biscayne Point; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.