Is Bay Harbor Islands, 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, Bay Harbor Islands was a Neutral Market.
Housing Prices in Bay Harbor Islands, FL
How much do homes in Bay Harbor Islands, FL cost?
Median Sold Price
$712,500
$531/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bay Harbor Islands was $712,500 in April 2024, up 9.6% from last year, and the median price per square foot was $531.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $312.5K | $370K | +18.4% |
2 Bedrooms | $680K | $715K | +5.1% |
3 Bedrooms | $1.1M | $1.4M | +34.5% |
4 Bedrooms | $1.4M | $3.0M | +100.7% |
5+ Bedrooms | $5.2M | $5.3M | +1.5% |
Summary: Bay Harbor Islands housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.4%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 34.5%, 4 bedroom homes increased by 100.7%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Cities
Bay Harbor Islands | $650K | $712.5K | +9.6% |
Surfside | $1.2M | $1.2M | +2.9% |
Bal Harbour | $1.7M | $1.5M | -12.7% |
Housing Supply in Bay Harbor Islands, FL
How many homes are available in Bay Harbor Islands, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
125 | 135 | +8.0% |
Summary: The Bay Harbor Islands real estate market had 135 homes for sale in April 2024, a 8.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 29 | 26 | -10.3% |
2 Bedrooms | 61 | 68 | +11.5% |
3 Bedrooms | 16 | 19 | +18.8% |
4 Bedrooms | 12 | 13 | +8.3% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Bay Harbor Islands housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10.3%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 15 | +114.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Bay Harbor Islands in April 2024, up by 114.3% month-over-month. Of the 15 sold homes, 93% were sold under asking, 0% were sold at asking, and 7% were sold over asking.
Days on Market for Bay Harbor Islands, FL
How long does it take to sell a home in Bay Harbor Islands, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
109 Days | 97 Days | -10.8% |
Summary: Homes in Bay Harbor Islands had an average of 97 days on market in Apr 2024, down by 10.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Bay Harbor Islands; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.