$3,449,000
3,375 SqFt
4 Beds
•4 Full Baths, 1 Partial
Jodi Macken, Listing Office: Macken Realty Inc
Is North Miami Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, North Miami Beach was a Neutral Market.
Key Takeaway
North Miami Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Miami Beach, FL
How much do homes in North Miami Beach, FL cost?
Median Sold Price
$492,333
$382/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,333(+3.6%)
Key Takeaway
Homes in North Miami Beach have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in North Miami Beach was $492,333 in November 2024, up 3.6% from last year, and the median price per square foot was $382.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $203K | $195K | -3.9% |
| 2 Bedrooms | $407.5K | $440K | +8.0% |
| 3 Bedrooms | $567.5K | $581K | +2.4% |
| 4 Bedrooms | $615K | $570K | -7.3% |
| 5+ Bedrooms | $3.1M | $3.0M | -3.2% |
Summary: North Miami Beach housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.9%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Cities
| Sunny Isles Beach | $799.1K | $975K | +22.0% |
| North Miami | $378.6K | $433.5K | +14.5% |
| Miami Gardens | $445.2K | $479.7K | +7.7% |
| North Miami Beach | $475K | $492.3K | +3.6% |
| Aventura | $490K | $500K | +2.0% |
Housing Supply in North Miami Beach, FL
How many homes are available in North Miami Beach, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 388 | 434 | +11.9% |
Summary: The North Miami Beach real estate market had 434 homes for sale in November 2024, a 11.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 78 | 88 | +12.8% |
| 2 Bedrooms | 143 | 166 | +16.1% |
| 3 Bedrooms | 105 | 117 | +11.4% |
| 4 Bedrooms | 42 | 43 | +2.4% |
| 5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The North Miami Beach housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 18 | -14.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Miami Beach, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in North Miami Beach in November 2024, down by 14.3% month-over-month. Of the 18 sold homes, 83% were sold under asking, 6% were sold at asking, and 11% were sold over asking.
Days on Market for North Miami Beach, FL
How long does it take to sell a home in North Miami Beach, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 88 Days | 129 Days | +45.8% |
Summary: Homes in North Miami Beach had an average of 129 days on market in Nov 2024, up by 45.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in North Miami Beach has remained consistent over time.
Summary: During November 2024, 18 homes were sold in North Miami Beach; 22% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.
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