$10,000 Closing Credit*
$850,000
1,705 SqFt
3 Beds
•2 Full Baths
Magda Luz Triana, Listing Office: Tower Team Realty, LLC
Is Marbella Park, 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, Marbella Park was a Seller's Market.
Key Takeaway
Marbella Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Marbella Park, FL
How much do homes in Marbella Park, FL cost?
Median Sold Price
$642,950
$364/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$37,950(+6.3%)
Key Takeaway
Homes in Marbella Park have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Marbella Park was $642,950 in October 2024, up 6.3% from last year, and the median price per square foot was $364.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $430K | $355K | -17.4% |
| 3 Bedrooms | $565K | $570K | +0.9% |
| 4 Bedrooms | $670K | $735K | +9.7% |
| 5+ Bedrooms | $715K | $854.5K | +19.5% |
Summary: Marbella Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.4%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 19.5%.
Housing Supply in Marbella Park, FL
How many homes are available in Marbella Park, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 55 | +10.0% |
Summary: The Marbella Park real estate market had 55 homes for sale in October 2024, a 10.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 26 | 27 | +3.8% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Marbella Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marbella Park, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Marbella Park in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Marbella Park, FL
How long does it take to sell a home in Marbella Park, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 66 Days | +113.7% |
Summary: Homes in Marbella Park had an average of 66 days on market in Oct 2024, up by 113.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Marbella Park has remained consistent over time.
Summary: During October 2024, 8 homes were sold in Marbella Park; 13% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.