Is Brickell Estates, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brickell Estates is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Brickell Estates has remained a Seller's Market.

Key Takeaway

Brickell Estates is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Brickell Estates, FL

How much do homes in Brickell Estates, FL cost?

Median Sold Price

$1,150,000

$603/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$130,000(+12.7%)

Key Takeaway

Homes in Brickell Estates have sold for 12.7% more than they did a year ago.

Summary: The median home sold price in Brickell Estates was $1,150,000 in November 2024, up 12.7% from last year, and the median price per square foot was $603.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $348K$360K
+3.4%
2 $595.8K$490K
-17.8%
3 $1.0M$1.3M
+22.7%
4 $1.6M$1.3M
-17.8%
5+ $1.6M$1.7M
+5.1%

Summary: Brickell Estates housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes decreased by 17.8%, 3 bedroom homes increased by 22.7%, 4 bedroom homes decreased by 17.8%, and 5+ bedroom homes increased by 5.1%.

Median Sold Price Compared To Nearby Neighborhoods

Brickell Estates
+12.7%
Shenandoah
+9.6%
Brickell
+7.5%

Housing Supply in Brickell Estates, FL

How many homes are available in Brickell Estates, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
23230.0%

Summary: The Brickell Estates real estate market had 23 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 78
+14.3%
3 67
+16.7%
4 65
-16.7%
5+ 33
0.0%

Summary: The Brickell Estates housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brickell Estates, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Brickell Estates in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Brickell Estates, FL

How long does it take to sell a home in Brickell Estates, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
68 Days102 Days+50.0%

Summary: Homes in Brickell Estates had an average of 102 days on market in Nov 2024, up by 50% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Brickell Estates are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in Brickell Estates; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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