Key Biscayne, FL

Buyer's market+44.7% YoY

Housing market overview · Updated weekly

$1.91Mmedian sale price

Homes sold

17

Last 12 weeks

Days on market

93

Average pace

Active listings

131

7.7 months supply

Sale-to-list

94.2%

Below asking

The Key Biscayne housing market is currently classified as a buyer's market with a median sale price of $1.91M. Prices have risen 44.7% compared to last year, with homes spending an average of 93 days on market, indicating 7.7 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.

Market trends

Homes for sale in Key Biscayne

There are currently 131 homes listed for sale in Key Biscayne, Florida. The median listing price is $2.0M.

Active listings

131

Homes on market

Median list price

$2.0M

Avg. days on market

93

Days until sale

New this week

34

Newly listed

Price drops:13.7%of listings
Sale-to-list:94.2%

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Frequently asked questions

What is the average home price in Key Biscayne?

The median home sale price in Key Biscayne is $1.91M, up 44.7% from last year.

How long do homes stay on market in Key Biscayne?

Homes typically spend 93 days on market before going under contract.

Is Key Biscayne a buyer's or seller's market?

With 7.7 months of supply, Key Biscayne is currently a buyer's market.

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