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Featured local agent — Bal Harbour, FL
Sarah Mitchell
Compass Real Estate · Bal Harbour, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Bal Harbour, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$5.10Mmedian sale price
How is the Bal Harbour, FL housing market right now?
The median home sale price in Bal Harbour, FL is $5.10M, up 218.8% year-over-year. Homes sell in an average of 274 days with 104 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Bal Harbour a buyer's or seller's market?
Bal Harbour, FL is currently a buyer's market, based on 26.0 months of supply and homes selling in about 274 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
274
Average pace
Active listings
104
26.0 months supply
Sale-to-list
90.6%
Below asking
What does the Bal Harbour housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $5.10M |
| Median list price | $3.04M |
| Year-over-year price change | +218.8% |
| Average days on market | 274 days |
| Active inventory | 104 listings |
| Months of supply | 26.0 months |
| Sale-to-list price ratio | 90.6% |
| Median price per sq ft | $1,746/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 16 |
| Listings with a price cut | 9.6% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Bal Harbour by property type?
How the Bal Harbour, FL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Condo / Co-op | $1.80M | $1,066/sq ft | 3 | 528 days |
Source: Redfin · Updated monthly
The Bal Harbour housing market is currently classified as a buyer's market with a median sale price of $5.10M. Prices have risen 218.8% compared to last year, with homes spending an average of 274 days on market, indicating 26.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 21.6x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Bal Harbour
There are currently 104 homes listed for sale in Bal Harbour, Florida. The median listing price is $3.0M.
Active listings
104
Homes on market
Median list price
$3.0M
Avg. days on market
274
Days until sale
New this week
16
Newly listed
Who lives in Bal Harbour?
Population
3,021
Median income
$91,061/yr
Median age
49.9 years
Owner-occupied
65.8%
College grads
67.1%
Avg commute
34.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Bal Harbour?
Zillow home value
$1.97M
Zillow rent index
$8,444/mo
Price-to-rent ratio
19.5x
Price-to-income
21.6x
Source: Zillow Research
What is it like to live in Bal Harbour?
Bal Harbour is a community of approximately 3K residents with a median age of 49.9 years.The median household income is $91,061, which reflects a relatively affluent area with strong earning potential. 67.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 65.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 34.3 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Bal Harbour offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Bal Harbour, FL?
Want a head-to-head view? Compare Bal Harbour side-by-side with any other U.S. city using our market-comparison tool.
Is Bal Harbour a good real estate investment market?
For investors evaluating Bal Harbour, the price-to-rent ratio of 19.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 218.8% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Bal Harbour's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Bal Harbour's median home price.
Frequently asked questions
What is the average home price in Bal Harbour?
The median home sale price in Bal Harbour is $5.10M, up 218.8% from last year.
How long do homes stay on market in Bal Harbour?
Homes typically spend 274 days on market before going under contract.
What is the median income in Bal Harbour?
The median household income is $91,061 per year.
Is Bal Harbour a buyer's or seller's market?
With 26.0 months of supply, Bal Harbour is currently a buyer's market.
What is the Zillow home value estimate for Bal Harbour?
The Zillow Home Value Index (ZHVI) for Bal Harbour is $1.97M, representing the typical home value in the area.
What is the median condo price in Bal Harbour?
The median condo/co-op sale price in Bal Harbour, FL is $1.80M, based on the latest Redfin data.
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