Is Brickell, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Brickell was a Seller's Market.
Housing Prices in Brickell, FL
How much do homes in Brickell, FL cost?
Median Sold Price
$699,153
$659/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Brickell was $699,153 in May 2024, up 9.5% from last year, and the median price per square foot was $659.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $480.7K | $510K | +6.1% |
2 Bedrooms | $705K | $770K | +9.2% |
3 Bedrooms | $1.3M | $1.3M | +5.4% |
4 Bedrooms | $2.6M | $3.0M | +15.6% |
5+ Bedrooms | $2.7M | $3.5M | +30.4% |
Summary: Brickell housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 30.4%.
Median Sold Price Compared To Nearby Neighborhoods
Brickell Estates | $790K | $1.0M | +28.5% |
Brickell | $638.2K | $699.1K | +9.5% |
Little Havana | $300K | $325K | +8.3% |
Brickell Key | $740K | $800K | +8.1% |
Downtown | $575K | $561.3K | -2.4% |
Housing Supply in Brickell, FL
How many homes are available in Brickell, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
956 | 1,035 | +8.3% |
Summary: The Brickell real estate market had 1,035 homes for sale in May 2024, a 8.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 302 | 336 | +11.3% |
2 Bedrooms | 440 | 469 | +6.6% |
3 Bedrooms | 155 | 167 | +7.7% |
4 Bedrooms | 43 | 44 | +2.3% |
5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The Brickell housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.3%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
87 | 84 | -3.4% |
Asking Price vs. Sold Price
72 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 84 homes were sold or pending in Brickell in May 2024, down by 3.4% month-over-month. Of the 84 sold homes, 86% were sold under asking, 12% were sold at asking, and 2% were sold over asking.
Days on Market for Brickell, FL
How long does it take to sell a home in Brickell, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
77 Days | 86 Days | +11.8% |
Summary: Homes in Brickell had an average of 86 days on market in May 2024, up by 11.8% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
31 Homes Were Sold
Over 90 Days
Summary: During May 2024, 84 homes were sold in Brickell; 29% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.