Is Brickell, 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, Brickell was a Seller's Market.
Key Takeaway
Brickell is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Brickell, FL
How much do homes in Brickell, FL cost?
Median Sold Price
$688,412
$653/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Brickell have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Brickell was $688,412 in April 2024, up 8.8% from last year, and the median price per square foot was $653.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $479.6K | $500.5K | +4.4% |
| 2 Bedrooms | $700K | $765K | +9.3% |
| 3 Bedrooms | $1.2M | $1.3M | +7.0% |
| 4 Bedrooms | $2.7M | $2.7M | -0.4% |
| 5+ Bedrooms | $3.5M | $3.1M | -11.1% |
Summary: Brickell housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 11.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Little Havana | $272.5K | $325K | +19.3% |
| Brickell Key | $717.5K | $800K | +11.5% |
| Brickell | $632.5K | $688.4K | +8.8% |
| Downtown | $575.6K | $564K | -2.0% |
Housing Supply in Brickell, FL
How many homes are available in Brickell, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 940 | 1,024 | +8.9% |
Summary: The Brickell real estate market had 1,024 homes for sale in April 2024, a 8.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 282 | 320 | +13.5% |
| 2 Bedrooms | 441 | 476 | +7.9% |
| 3 Bedrooms | 154 | 160 | +3.9% |
| 4 Bedrooms | 45 | 49 | +8.9% |
| 5+ Bedrooms | 18 | 19 | +5.6% |
Summary: The Brickell housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.5%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 91 | 72 | -20.9% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brickell, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 72 homes were sold or pending in Brickell in April 2024, down by 20.9% month-over-month. Of the 72 sold homes, 88% were sold under asking, 8% were sold at asking, and 4% were sold over asking.
Days on Market for Brickell, FL
How long does it take to sell a home in Brickell, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 95 Days | 88 Days | -7.0% |
Summary: Homes in Brickell had an average of 88 days on market in Apr 2024, down by 7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Brickell are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 72 homes were sold in Brickell; 31% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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