Is North Miami Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, North Miami Beach was a Seller's Market.
Housing Prices in North Miami Beach, FL
How much do homes in North Miami Beach, FL cost?
Median Sold Price
$490,000
$384/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Miami Beach was $490,000 in April 2024, up 15.5% from last year, and the median price per square foot was $384.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $206K | +11.4% |
2 Bedrooms | $392K | $410K | +4.6% |
3 Bedrooms | $520K | $572K | +10.0% |
4 Bedrooms | $692.5K | $595K | -14.1% |
5+ Bedrooms | $2.8M | $3.0M | +5.3% |
Summary: North Miami Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.4%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
Sunny Isles Beach | $777.5K | $912.3K | +17.3% |
North Miami Beach | $424.1K | $490K | +15.5% |
North Miami | $349.7K | $400.6K | +14.5% |
Miami Gardens | $412K | $455K | +10.4% |
Aventura | $498.1K | $500K | 0.4% |
Housing Supply in North Miami Beach, FL
How many homes are available in North Miami Beach, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
381 | 420 | +10.2% |
Summary: The North Miami Beach real estate market had 420 homes for sale in April 2024, a 10.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 68 | 76 | +11.8% |
2 Bedrooms | 147 | 156 | +6.1% |
3 Bedrooms | 102 | 112 | +9.8% |
4 Bedrooms | 44 | 54 | +22.7% |
5+ Bedrooms | 20 | 22 | +10.0% |
Summary: The North Miami Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 37 | -2.6% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 37 homes were sold or pending in North Miami Beach in April 2024, down by 2.6% month-over-month. Of the 37 sold homes, 92% were sold under asking, 5% were sold at asking, and 3% were sold over asking.
Days on Market for North Miami Beach, FL
How long does it take to sell a home in North Miami Beach, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
92 Days | 83 Days | -9.3% |
Summary: Homes in North Miami Beach had an average of 83 days on market in Apr 2024, down by 9.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During April 2024, 37 homes were sold in North Miami Beach; 30% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.