$5,098 Closing Credit*
$429,300
1,413 SqFt
2 Beds
•2 Full Baths
Irit Bibas, Listing Office: LoKation
Is Sunny Isles Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Sunny Isles Beach has remained a Buyer's Market.
Key Takeaway
Sunny Isles Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sunny Isles Beach, FL
How much do homes in Sunny Isles Beach, FL cost?
Median Sold Price
$990,333
$643/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$176,999(+21.8%)
Key Takeaway
Homes in Sunny Isles Beach have sold for 21.8% more than they did a year ago.
Summary: The median home sold price in Sunny Isles Beach was $990,333 in December 2024, up 21.8% from last year, and the median price per square foot was $643.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335K | $322.5K | -3.7% |
| 2 Bedrooms | $583K | $607.5K | +4.2% |
| 3 Bedrooms | $1.8M | $1.7M | -4.8% |
| 4 Bedrooms | $4.0M | $4.1M | +3.5% |
| 5+ Bedrooms | $7.3M | $5.1M | -29.7% |
Summary: Sunny Isles Beach housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 29.7%.
Median Sold Price Compared To Nearby Cities
| Sunny Isles Beach | $813.3K | $990.3K | +21.8% |
| North Miami | $383.7K | $447.5K | +16.6% |
| Aventura | $487.6K | $508.7K | +4.3% |
Housing Supply in Sunny Isles Beach, FL
How many homes are available in Sunny Isles Beach, FL?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 923 | 996 | +7.9% |
Summary: The Sunny Isles Beach real estate market had 996 homes for sale in December 2024, a 7.9% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 197 | 220 | +11.7% |
| 2 Bedrooms | 336 | 359 | +6.8% |
| 3 Bedrooms | 249 | 262 | +5.2% |
| 4 Bedrooms | 107 | 114 | +6.5% |
| 5+ Bedrooms | 34 | 41 | +20.6% |
Summary: The Sunny Isles Beach housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 20.6%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 36 | 40 | +11.1% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sunny Isles Beach, you may be able to get a good deal. 95% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in Sunny Isles Beach in December 2024, up by 11.1% month-over-month. Of the 40 sold homes, 95% were sold under asking, 5% were sold at asking, and 0% were sold over asking.
Days on Market for Sunny Isles Beach, FL
How long does it take to sell a home in Sunny Isles Beach, FL?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 85 Days | 129 Days | +51.1% |
Summary: Homes in Sunny Isles Beach had an average of 129 days on market in Dec 2024, up by 51.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Sunny Isles Beach are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 40 homes were sold in Sunny Isles Beach; 13% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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