$10,000 Closing Credit*
$895,000
896 SqFt
1 Bed
•1 Full Bath, 1 Partial
Alla Reizis, Listing Office: London Foster Realty
Is Bal Harbour, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Bal Harbour has remained a Buyer's Market.
Key Takeaway
Bal Harbour is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bal Harbour, FL
How much do homes in Bal Harbour, FL cost?
Median Sold Price
$1,400,000
$936/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$200,000(-12.5%)
Key Takeaway
Homes in Bal Harbour have sold for 12.5% less than they did a year ago.
Summary: The median home sold price in Bal Harbour was $1,400,000 in October 2024, down 12.5% from last year, and the median price per square foot was $936.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $575K | $590K | +2.6% |
| 2 Bedrooms | $1.1M | $1.5M | +26.1% |
| 3 Bedrooms | $3.9M | $3.6M | -7.7% |
| 4 Bedrooms | $4.5M | $5.6M | +25.6% |
| 5+ Bedrooms | $17.0M | $16.7M | -1.9% |
Summary: Bal Harbour housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 26.1%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 25.6%, and 5+ bedroom homes decreased by 1.9%.
Median Sold Price Compared To Nearby Cities
| Surfside | $1.2M | $1.3M | +6.7% |
| Bal Harbour | $1.6M | $1.4M | -12.5% |
Housing Supply in Bal Harbour, FL
How many homes are available in Bal Harbour, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 130 | 153 | +17.7% |
Summary: The Bal Harbour real estate market had 153 homes for sale in October 2024, a 17.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 19 | +18.8% |
| 2 Bedrooms | 59 | 69 | +16.9% |
| 3 Bedrooms | 33 | 39 | +18.2% |
| 4 Bedrooms | 15 | 18 | +20.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Bal Harbour housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.8%, 2 bedroom homes increased by 16.9%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bal Harbour, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Bal Harbour in October 2024, the same as the previous month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Bal Harbour, FL
How long does it take to sell a home in Bal Harbour, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 111 Days | 117 Days | +5.2% |
Summary: Homes in Bal Harbour had an average of 117 days on market in Oct 2024, up by 5.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Bal Harbour are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 6 homes were sold in Bal Harbour; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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