How much do homes in Key Biscayne, FL cost?

Median List Price

$1,354,925

Based on all homes listed in the last 12 months.

Difference Since May 2020

+$90,758(+7.2%)

Key Takeaway

The list price of homes in Key Biscayne has increased by 7.2% since last year.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSMay 2020May 2021%
1 $398K$399.9K0.5%
2 $799K$835K+4.5%
3 $1.5M$1.8M+15.0%
4 $2.2M$2.3M+4.2%
5+ $3.6M$3.7M+2.0%

How many homes are available in Key Biscayne, FL?

Number of Homes For Sale

Apr 2021May 2021%
350307-12.3%

Homes For Sale By Bedroom Count

# BEDSApr 2021May 2021%
1 2623-11.5%
2 137114-16.8%
3 9489-5.3%
4 4337-14.0%
5+ 5044-12.0%

Asking Price vs. Sold Price

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Key Takeaway

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Average Listing Age

May 2020May 2021%
353 Days158 Days-55.2%

Breakdown of Home Sale Times

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About Key Biscayne, FL

Number of homes for sale in Key Biscayne, FL real estate market have reached 307.

In May 2021, listings were on the market for 158 days. During the same period, the median list price in this real estate market was $1,354,925.

Listing prices have changed in this real estate market between April 2021 and May 2021: 1 bedroom properties became 0.5% more expensive, prices of 2 bedrooms properties increased by 4.5%, 3 bedrooms properties prices increased by 15%, 4 bedrooms properties prices increased by 4.2%, prices of 5 bedrooms properties increased by 2%.

In May 2021 in Key Biscayne, FL there were 12.3% less homes for sale than in April 2021.

Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went dowm by 11.5%, volume of 2 bedrooms homes went dowm by 16.8%, 3 bedrooms homes inventory decreased by 5.3%, 4 bedrooms homes became 14% less available, the quantity of 5 bedrooms homes went down by 12%.

In May 2021 more than 1 listings in Key Biscayne, FL were sold above the asking price. During the same period more than 10 listings were sold at asking price, while more than 44 were sold below.