1 hour on RocketVideo tour
$10,000 Closing Credit¹
#A11763871, Alejandra Anzola, Listing Office: Fortune International Realty
Bay Harbor Islands Housing Market Report February 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 February 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
$630,000$480/SqFt
-$82,500
-11.6%
Based on all homes sold in the last 12 months
Insight
Homes in Bay Harbor Islands have sold for 11.6% less than they did a year ago.
Summary: The median home sold price in Bay Harbor Islands was $630,000 in February 2025, down 11.6% from last year, and the median price per square foot was $480.
Median Sold Price By Cities
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| Surfside | $1.2M | $1.3M | +9.2% |
| Bal Harbour | $1.6M | $1.5M | -2.2% |
| Bay Harbor Islands | $712.5K | $630K | -11.6% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $350K | $368.5K | +5.3% |
| 22 Bedrooms | $710K | $650K | -8.5% |
| 33 Bedrooms | $1.4M | $1.5M | +9.6% |
| 44 Bedrooms | $2.6M | $2.1M | -18.8% |
| 55+ Bedrooms | $3.1M | $10.1M | +226.1% |
Summary: Bay Harbor Islands housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +5.3%. The home price for 2 bedroom homes decreased by -8.5%. The home price for 3 bedroom homes increased by +9.6%. The home price for 4 bedroom homes decreased by -18.8%. The home price for 5 bedroom homes increased by +226.1%.
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 |
|---|---|---|
| 175Last MonthFeb 2025 | ||
| 1642 months agoJan 2025 | +6.7 % Change MoMJan – Feb |
Summary: The Bay Harbor Islands real estate market had 175 homes for sale in Feb 2025, a 6.7 % increase compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 7Last MonthFeb 2025 | ||
| 112 months agoJan 2025 | -36.4 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 55+ Bedrooms | 6 | 6 | 0.0% |
| 11 Bedroom | 32 | 31 | -3.1% |
| 22 Bedrooms | 67 | 74 | +10.4% |
| 33 Bedrooms | 34 | 35 | +2.9% |
| 44 Bedrooms | 25 | 29 | +16.0% |
Summary: Bay Harbor Islands housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 5 bedroom homes remained the same. The inventory for 1 bedroom homes decreased by -3.1%. The inventory for 2 bedroom homes increased by +10.4%. The inventory for 3 bedroom homes increased by +2.9%. The inventory for 4 bedroom homes increased by +16.0%.
Asking Price vs. Sold Price
How much do homes in Bay Harbor Islands, FL cost?
Over Asking Price1 Home
At Asking Price1 Home
Under Asking Price5 Homes
Insight
If you're buying a home in Bay Harbor Islands, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Bay Harbor Islands in February 2025, down by 36.4% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and and 14% 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 Days3 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 February 2025, 7 homes were sold in Bay Harbor Islands; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 88 DaysThis YearFeb 2025 | ||
| 79 Days1 year agoFeb 2024 | +10.9 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Bay Harbor Islands had an average listing age of 88 days in Feb 2025, up by 10.9% 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?
1 day on RocketVideo tour
$10,000 Closing Credit¹
#A11747436, Shirley Sanchez, Listing Office: Estelle Stern Realty, Inc.
2 days on RocketVideo tour
$10,000 Closing Credit¹
#A11759544, Elisabeth Gazay, Listing Office: Douglas Elliman
2 days on RocketVideo tour
$7,125 Closing Credit¹
#A11761436, Melissa Mallmann, Listing Office: Avanti Way Realty LLC
2 days on RocketVideo tour
$10,000 Closing Credit¹
#A11755858, Ava Frankel, Listing Office: AIM Wealth Realty LLC
3 days on RocketVideo tour
$7,303 Closing Credit¹
#A11757288, Brookelle Byrd Sabir, Listing Office: EXP Realty LLC
3 days on RocketVideo tour
$3,859 Closing Credit¹
#A11760475, Maria Jose Cardenas, Listing Office: Compass Florida, LLC.
4 days on RocketVideo tour
$8,906 Closing Credit¹
#A11760425, Moshe Goldshtein, Listing Office: One Sotheby's International Realty
7 days on RocketVideo tour
$6,531 Closing Credit¹
#A11758594, Marc Heinen, Listing Office: Compass Florida, LLC.
Video tour
$10,000 Closing Credit¹
#A11758134, Philip Gutman, Listing Office: PGutman, LLC
Video tour
$5,878 Closing Credit¹
#A11758445, Pablo Gonzalez, Listing Office: New Ayres Realty
Video tour
$10,000 Closing Credit¹
#A11757942, Philip Gutman, Listing Office: PGutman, LLC
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MLS Disclaimers and Copyright
Based on information from Miami MLS, for the period 03/01/2023 - 03/01/2025
© 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: 3/14/2025, 11:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.