$10,000 Closing Credit*
$1,000,000
1,209 SqFt
2 Beds
•2 Full Baths, 1 Partial
Jonathan Quintana, Listing Office: Jennifer Homes Realty
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 October 2023
Since last year, Bay Harbor Islands has remained a Buyer's Market.
Key Takeaway
Bay Harbor Islands is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bay Harbor Islands, FL
How much do homes in Bay Harbor Islands, FL cost?
Median Sold Price
$682,500
$513/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$42,500(+6.6%)
Key Takeaway
Homes in Bay Harbor Islands have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Bay Harbor Islands was $682,500 in October 2024, up 6.6% from last year, and the median price per square foot was $513.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $375K | +7.1% |
| 2 Bedrooms | $640K | $695K | +8.6% |
| 3 Bedrooms | $998.5K | $1.5M | +58.2% |
| 4 Bedrooms | $2.9M | $2.1M | -26.4% |
| 5+ Bedrooms | $3.1M | $10.1M | +221.8% |
Summary: Bay Harbor Islands housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 58.2%, 4 bedroom homes decreased by 26.4%, and 5+ bedroom homes increased by 221.8%.
Median Sold Price Compared To Nearby Cities
| Surfside | $1.2M | $1.3M | +6.7% |
| Bay Harbor Islands | $640K | $682.5K | +6.6% |
| Bal Harbour | $1.6M | $1.4M | -12.5% |
Housing Supply in Bay Harbor Islands, FL
How many homes are available in Bay Harbor Islands, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 129 | 155 | +20.2% |
Summary: The Bay Harbor Islands real estate market had 155 homes for sale in October 2024, a 20.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 26 | +18.2% |
| 2 Bedrooms | 58 | 69 | +19.0% |
| 3 Bedrooms | 29 | 33 | +13.8% |
| 4 Bedrooms | 13 | 21 | +61.5% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Bay Harbor Islands housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 61.5%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
9 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 Bay Harbor Islands, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Bay Harbor Islands in October 2024, up by 28.6% month-over-month. Of the 9 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 111 Days | 77 Days | -30.7% |
Summary: Homes in Bay Harbor Islands had an average of 77 days on market in Oct 2024, down by 30.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bay Harbor Islands has remained consistent over time.
Summary: During October 2024, 9 homes were sold in Bay Harbor Islands; 11% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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