Is North Bay Village, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2021
At the same time last year, North Bay Village was a Seller's Market.
Key Takeaway
North Bay Village is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
How much do homes in North Bay Village, FL cost?
Median Sold Price
$380,000
$338/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2021
Key Takeaway
Homes in North Bay Village have sold for 16.2% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Jun 2021 | Jun 2022 | % |
|---|---|---|---|
| 1 Bedroom | $165K | $225K | +36.4% |
| 2 Bedrooms | $300K | $385K | +28.3% |
| 3 Bedrooms | $665K | $785K | +18.0% |
| 4 Bedrooms | $845K | $1.2M | +46.7% |
| 5+ Bedrooms | $2.5M | $1.8M | -25.6%  |
Median Sold Price Compared To Nearby Cities
| % | |
|---|---|
| Miami | +23.9% |
| North Bay Village | +16.2% |
| Miami Beach | -6.2% |
How many homes are available in North Bay Village, FL?
Number of Homes For Sale
| May 2022 | Jun 2022 | % |
|---|---|---|
| 121 | 115 | -5.0% |
Homes For Sale By Bedroom Count
| # BEDS | May 2022 | Jun 2022 | % |
|---|---|---|---|
| 1 Bedroom | 32 | 31 | -3.1% |
| 2 Bedrooms | 65 | 56 | -13.8% |
| 3 Bedrooms | 18 | 20 | +11.1%  |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Number of Homes Sold
| May 2022 | Jun 2022 | % |
|---|---|---|
| 27 | 17 | -37.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Bay Village, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Average Sale Time
| Jun 2021 | Jun 2022 | % |
|---|---|---|
| 106 Days | 45 Days | -57.9% |
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Bay Village are selling fast, if you're buying plan to act quickly.
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