Is Brickell Key, 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 Key was a Seller's Market.
Housing Prices in Brickell Key, FL
How much do homes in Brickell Key, FL cost?
Median Sold Price
$800,000
$652/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Brickell Key was $800,000 in March 2024, up 8.8% from last year, and the median price per square foot was $652.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $480K | $482.5K | 0.5% |
2 Bedrooms | $710K | $830K | +16.9% |
3 Bedrooms | $1.2M | $1.6M | +28.4% |
4 Bedrooms | $2.7M | $2.6M | -5.1% |
5+ Bedrooms | $7.0M | $3.5M | -49.7% |
Summary: Brickell Key housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes increased by 16.9%, 3 bedroom homes increased by 28.4%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 49.7%.
Median Sold Price Compared To Nearby Neighborhoods
Brickell Key | $735K | $800K | +8.8% |
Brickell | $640.7K | $670.6K | +4.7% |
Housing Supply in Brickell Key, FL
How many homes are available in Brickell Key, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
113 | 125 | +10.6% |
Summary: The Brickell Key real estate market had 125 homes for sale in March 2024, a 10.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 37 | 40 | +8.1% |
2 Bedrooms | 47 | 54 | +14.9% |
3 Bedrooms | 20 | 21 | +5.0% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Brickell Key housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 11 | +37.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Brickell Key in March 2024, up by 37.5% month-over-month. Of the 11 sold homes, 82% were sold under asking, 0% were sold at asking, and 18% were sold over asking.
Days on Market for Brickell Key, FL
How long does it take to sell a home in Brickell Key, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
95 Days | 122 Days | +28.9% |
Summary: Homes in Brickell Key had an average of 122 days on market in Mar 2024, up by 28.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Brickell Key; 27% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.