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 November 2022
At the same time last year, North Bay Village was a Neutral Market.
Housing Prices in North Bay Village, FL
How much do homes in North Bay Village, FL cost?
Median Sold Price
$447,500
$407/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Summary: The median home sold price in North Bay Village was $447,500 in November 2023, up 14.8% from last year, and the median price per square foot was $407.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $229K | $258K | +12.7% |
2 Bedrooms | $414.5K | $477.5K | +15.2% |
3 Bedrooms | $820K | $890K | +8.5% |
4 Bedrooms | $1.3M | $1.5M | +18.8% |
5+ Bedrooms | $4.9M | $1.6M | -67.5% |
Summary: North Bay Village housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 12.7%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 67.5%.
Median Sold Price Compared To Nearby Cities
North Bay Village | $389.8K | $447.5K | +14.8% |
Miami Beach | $545.4K | $536K | -1.7% |
Housing Supply in North Bay Village, FL
How many homes are available in North Bay Village, FL?
Number of Homes For Sale
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
120 | 114 | -5.0% |
Summary: The North Bay Village real estate market had 114 homes for sale in November 2023, a 5.0% decrease compared to October 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 27 | 24 | -11.1% |
2 Bedrooms | 58 | 57 | -1.7% |
3 Bedrooms | 23 | 21 | -8.7% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The North Bay Village housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
16 | 8 | -50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in North Bay Village in November 2023, down by 50.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for North Bay Village, FL
How long does it take to sell a home in North Bay Village, FL?
Average Sale Time
Nov 2022 | Nov 2023 | CHANGE |
---|---|---|
55 Days | 52 Days | -5.3% |
Summary: Homes in North Bay Village had an average of 52 days on market in Nov 2023, down by 5.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During November 2023, 8 homes were sold in North Bay Village; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.