Is Brickell, 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, Brickell was a Seller's Market.
Key Takeaway
Brickell is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Brickell, FL
How much do homes in Brickell, FL cost?
Median Sold Price
$670,642
$646/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Brickell have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Brickell was $670,642 in March 2024, up 4.7% from last year, and the median price per square foot was $646.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $477.1K | $500K | +4.8% |
| 2 Bedrooms | $709K | $758K | +6.9% |
| 3 Bedrooms | $1.2M | $1.3M | +6.7% |
| 4 Bedrooms | $2.8M | $3.0M | +5.4% |
| 5+ Bedrooms | $1.8M | $3.5M | +86.0% |
Summary: Brickell housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 86%.
Median Sold Price Compared To Nearby Neighborhoods
| Brickell Key | $735K | $800K | +8.8% |
| Brickell | $640.7K | $670.6K | +4.7% |
| Downtown | $560K | $572.5K | +2.2% |
Housing Supply in Brickell, FL
How many homes are available in Brickell, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 949 | 1,030 | +8.5% |
Summary: The Brickell real estate market had 1,030 homes for sale in March 2024, a 8.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 297 | 316 | +6.4% |
| 2 Bedrooms | 426 | 471 | +10.6% |
| 3 Bedrooms | 162 | 172 | +6.2% |
| 4 Bedrooms | 46 | 52 | +13.0% |
| 5+ Bedrooms | 18 | 19 | +5.6% |
Summary: The Brickell housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 68 | 82 | +20.6% |
Asking Price vs. Sold Price
71 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brickell, you may be able to get a good deal. 86.6% of homes here sold below asking price last month.
Summary: A total of 82 homes were sold or pending in Brickell in March 2024, up by 20.6% month-over-month. Of the 82 sold homes, 87% were sold under asking, 10% were sold at asking, and 4% were sold over asking.
Days on Market for Brickell, FL
How long does it take to sell a home in Brickell, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 83 Days | 87 Days | +5.2% |
Summary: Homes in Brickell had an average of 87 days on market in Mar 2024, up by 5.2% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Brickell has remained consistent over time.
Summary: During March 2024, 82 homes were sold in Brickell; 27% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.
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The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.