Is Sunny Isles Beach, 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, Sunny Isles Beach was a Seller's Market.
Housing Prices in Sunny Isles Beach, FL
How much do homes in Sunny Isles Beach, FL cost?
Median Sold Price
$812,812
$581/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Summary: The median home sold price in Sunny Isles Beach was $812,812 in November 2023, up 1.7% from last year, and the median price per square foot was $581.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $316.2K | +5.4% |
2 Bedrooms | $578.3K | $573.1K | -0.9% |
3 Bedrooms | $1.5M | $1.8M | +22.4% |
4 Bedrooms | $3.5M | $4.2M | +19.8% |
5+ Bedrooms | $4.6M | $7.3M | +57.3% |
Summary: Sunny Isles Beach housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes increased by 57.3%.
Median Sold Price Compared To Nearby Cities
North Miami | $328K | $376.6K | +14.8% |
Aventura | $471.9K | $492.5K | +4.4% |
Sunny Isles Beach | $798.8K | $812.8K | +1.7% |
Housing Supply in Sunny Isles Beach, FL
How many homes are available in Sunny Isles Beach, FL?
Number of Homes For Sale
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
686 | 741 | +8.0% |
Summary: The Sunny Isles Beach real estate market had 741 homes for sale in November 2023, a 8.0% increase compared to October 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 127 | 134 | +5.5% |
2 Bedrooms | 259 | 272 | +5.0% |
3 Bedrooms | 187 | 207 | +10.7% |
4 Bedrooms | 88 | 93 | +5.7% |
5+ Bedrooms | 25 | 35 | +40.0% |
Summary: The Sunny Isles Beach housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
52 | 40 | -23.1% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in Sunny Isles Beach in November 2023, down by 23.1% month-over-month. Of the 40 sold homes, 98% were sold under asking, 3% were sold at asking, and 0% were sold over asking.
Days on Market for Sunny Isles Beach, FL
How long does it take to sell a home in Sunny Isles Beach, FL?
Average Sale Time
Nov 2022 | Nov 2023 | CHANGE |
---|---|---|
110 Days | 79 Days | -28.0% |
Summary: Homes in Sunny Isles Beach had an average of 79 days on market in Nov 2023, down by 28% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During November 2023, 40 homes were sold in Sunny Isles Beach; 35% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.