5 hours on RocketTour
$10,000 Closing Credit¹
$2,425,000
3 beds • 3 baths • 2,068 sqft
#A11820501, Philip Gutman, Listing office: PGutman, LLC
Bay Harbor Islands Housing Market Report May 2025•Miami-Dade County, Florida
Housing Prices in Bay Harbor Islands, FL
How much do homes in Bay Harbor Islands, FL cost?
Housing Market Conditions
Is Bay Harbor Islands, FL a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Bay Harbor Islands is a Buyer's Market
Difference Since May 2024
At the same time last year, Bay Harbor Islands was a Seller's Market.
Insight
Bay Harbor Islands is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$670,000$506/SqFt
-$40,000
-5.6%
Based on all homes sold in the last 12 months
Insight
Homes in Bay Harbor Islands have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in Bay Harbor Islands was $670,000 in May 2025, down 5.6% from last year, and the median price per square foot was $506.
Median Sold Price By Cities
| City | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| Surfside | $1.2M | $1.4M | +9.8% |
| Bay Harbor Islands | $710K | $670K | -5.6% |
| Bal Harbour | $1.6M | $1.4M | -9.6% |
Median Sold Price By Bedrooms
| Beds | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $370K | $339K | -8.4% |
| 22 Bedrooms | $708.5K | $660K | -6.8% |
| 33 Bedrooms | $1.7M | $1.8M | +8.8% |
| 44 Bedrooms | $2.6M | $3.9M | +50.4% |
| 55+ Bedrooms | $7.5M | $8.5M | +14.1% |
Summary: Bay Harbor Islands housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -8.4%. The home price for 2 bedroom homes decreased by -6.8%. The home price for 3 bedroom homes increased by +8.8%. The home price for 4 bedroom homes increased by +50.4%. The home price for 5 bedroom homes increased by +14.1%.
How does Bay Harbor Islands, FL compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Bay Harbor Islands, FL
Housing supply in Bay Harbor Islands, FL
How many homes are available in Bay Harbor Islands, FL?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 178Last MonthMay 2025 | ||
| 1632 months agoApr 2025 | +9.2 % Change MoMApr – May |
Summary: The Bay Harbor Islands real estate market had 178 homes for sale in May 2025, a 9.2 % increase compared to Apr 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 8Last MonthMay 2025 | ||
| 42 months agoApr 2025 | +100.0 % Change MoMApr – May |
Homes For Sale By Bedroom Count
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 25 | 31 | +24.0% |
| 22 Bedrooms | 78 | 84 | +7.7% |
| 33 Bedrooms | 30 | 31 | +3.3% |
| 44 Bedrooms | 25 | 27 | +8.0% |
| 55+ Bedrooms | 5 | 5 | 0.0% |
Summary: Bay Harbor Islands housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +24.0%. The inventory for 2 bedroom homes increased by +7.7%. The inventory for 3 bedroom homes increased by +3.3%. The inventory for 4 bedroom homes increased by +8.0%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Bay Harbor Islands, FL cost?
Over Asking Price0 Home
At Asking Price1 Home
Under Asking Price7 Homes
Insight
If you're buying a home in Bay Harbor Islands, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Bay Harbor Islands in May 2025, up by 100.0% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and and 0% were sold over asking.
Days on Market for Bay Harbor Islands, FL
How long does it take to sell a home in Bay Harbor Islands, FL?
Breakdown of Home Sale Times
Under 30 Days2 Homes
30 – 90 Days2 Homes
Over 90 Days4 Homes
Insight
Most homes in Bay Harbor Islands are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2025, 8 homes were sold in Bay Harbor Islands; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 98 DaysThis YearMay 2025 | ||
| 92 Days1 year agoMay 2024 | +6.8 % Change YoYMay 2024 – May 2025 |
Summary: Homes in Bay Harbor Islands had an average listing age of 98 days in May 2025, up by 6.8% compared to the previous year.
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Newest Listings in Bay Harbor Islands, FL
What homes are available in Bay Harbor Islands, FL?
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MLS Disclaimers and Copyright
Based on information from Miami MLS, and Beaches MLS for the period 06/01/2023 - 06/01/2025
© 2025 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.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/11/2025, 7:45:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2025 BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/11/2025, 7:45:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.