Is North Bay Village, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Bay Village is a neutral'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

+$53,000(+16.2%)

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

# BEDSJun 2021Jun 2022%
1 $165K$225K
+36.4%
2 $300K$385K
+28.3%
3 $665K$785K
+18.0%
4 $845K$1.2M
+46.7%
5+ $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 2022Jun 2022%
121115-5.0%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 3231
-3.1%
2 6556
-13.8%
3 1820
+11.1%
4 56
+20.0%
5+ 12
+100.0%

Number of Homes Sold

May 2022Jun 2022%
2717-37.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2021Jun 2022%
106 Days45 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Bay Village are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About North Bay Village, FL

North Bay Village, FL has 115 homes for sale to choose from. The number of listings in North Bay Village, FL decreased by 5% between May 2022 and June 2022. In June 2022, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $380,000. Real estate listing prices changed between May 2022 and June 2022: prices of 1 bedroom properties went up by 36.4%, prices of 2 bedrooms properties increased by 28.3%, prices of 3 bedrooms properties increased by 18%, prices of 4 bedrooms properties increased by 46.7%, prices of 5 bedrooms properties decreased by 25.6%. Volume of homes for sale changed: number of 1 bedroom homes decreased by 3.1%, volume of 2 bedrooms homes went down by 13.8%, number of 3 bedrooms homes increased by 11.1%, number of 4 bedrooms homes increased by 20%, volume of 5 bedrooms homes went up by 100%. Over 3 listings were sold over their listed price in June 2022 in North Bay Village, FL. In the same period over 9 listings were sold below the listed price and 5 listings were sold for the listed price.

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