Is Sunny Isles Beach, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sunny Isles Beach is a buyer's market

Buyer's
Market

Difference Since June 2021

At the same time last year, Sunny Isles Beach was a Seller's Market.

Key Takeaway

Sunny Isles Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Sunny Isles Beach, FL cost?

Median Sold Price

$767,750

$526/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2021

+$172,350(+28.9%)

Key Takeaway

Homes in Sunny Isles Beach have sold for 28.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJun 2021Jun 2022%
1 $229.5K$290K
+26.4%
2 $460.8K$555K
+20.4%
3 $1.1M$1.5M
+32.9%
4 $2.8M$3.4M
+20.7%
5+ $3.6M$3.4M
-6.3%

Median Sold Price Compared To Nearby Cities

Sunny Isles Beach
+28.9%
North Miami Beach
+27.0%
Aventura
+23.1%
North Miami
+3.3%
Golden Beach
+2.4%

How many homes are available in Sunny Isles Beach, FL?

Number of Homes For Sale

May 2022Jun 2022%
6987000.3%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 118122
+3.4%
2 250240
-4.0%
3 223219
-1.8%
4 8086
+7.5%
5+ 2733
+22.2%

Number of Homes Sold

May 2022Jun 2022%
9980-19.2%

Asking Price vs. Sold Price

57 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sunny Isles Beach, you may be able to get a good deal. 71.3% of homes here sold below asking price last month.

Average Sale Time

Jun 2021Jun 2022%
140 Days83 Days-40.8%

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sunny Isles Beach 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 Sunny Isles Beach, FL

There are 700 homes are for sale in Sunny Isles Beach, FL real estate market. Between May 2022 and June 2022, Sunny Isles Beach, FL real estate market has seen increase in the number of listings by 0.3%. Listings spent 83 days on the market in June 2022, and had a median list price of $767,750 during the same period. Between May 2022 and June 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 26.4%, prices of 2 bedrooms properties went up by 20.4%, prices of 3 bedrooms properties increased by 32.9%, prices of 4 bedrooms properties increased by 20.7%, prices of 5 bedrooms properties decreased by 6.3%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 3.4% more available, volume of 2 bedrooms homes went down by 4%, 3 bedrooms homes inventory decreased by 1.8%, number of 4 bedrooms homes increased by 7.5%, number of 5 bedrooms homes increased by 22.2%. Over 9 listings were sold over their listed price in June 2022 in Sunny Isles Beach, FL. In the same period over 57 listings were sold below the listed price and 14 listings were sold for the listed price.

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