$6,800,000
2,764 SqFt
4 Beds
•4 Full Baths
Ryelee Lebowitz, Listing Office: The Inside Network
Is Biscayne Point, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Biscayne Point was a Neutral Market.
Key Takeaway
Biscayne Point is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Biscayne Point, FL
How much do homes in Biscayne Point, FL cost?
Median Sold Price
$622,000
$551/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$234,500(+60.5%)
Key Takeaway
Homes in Biscayne Point have sold for 60.5% more than they did a year ago.
Summary: The median home sold price in Biscayne Point was $622,000 in October 2024, up 60.5% from last year, and the median price per square foot was $551.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $211.7K | +8.6% |
| 2 Bedrooms | $342K | $320K | -6.4% |
| 3 Bedrooms | $1.6M | $1.6M | +6.2% |
| 4 Bedrooms | $2.2M | $3.1M | +38.9% |
| 5+ Bedrooms | $5.2M | $10.2M | +95.2% |
Summary: Biscayne Point housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 38.9%, and 5+ bedroom homes increased by 95.2%.
Housing Supply in Biscayne Point, FL
How many homes are available in Biscayne Point, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 42 | +10.5% |
Summary: The Biscayne Point real estate market had 42 homes for sale in October 2024, a 10.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Biscayne Point housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Biscayne Point, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Biscayne Point in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Biscayne Point, FL
How long does it take to sell a home in Biscayne Point, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 92 Days | 159 Days | +72.7% |
Summary: Homes in Biscayne Point had an average of 159 days on market in Oct 2024, up by 72.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Biscayne Point are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 2 homes were sold in Biscayne Point; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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