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Featured local agent — North Bay Village, FL
Sarah Mitchell
Compass Real Estate · North Bay Village, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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North Bay Village, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$365,000median sale price
How is the North Bay Village, FL housing market right now?
The median home sale price in North Bay Village, FL is $365,000, down 16.6% year-over-year. Homes sell in an average of 70 days with 123 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 North Bay Village a buyer's or seller's market?
North Bay Village, FL is currently a buyer's market, based on 41.0 months of supply and homes selling in about 70 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
70
Average pace
Active listings
123
41.0 months supply
Sale-to-list
96.5%
Below asking
What does the North Bay Village housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $365,000 |
| Median list price | $369,500 |
| Year-over-year price change | -16.6% |
| Average days on market | 70 days |
| Active inventory | 123 listings |
| Months of supply | 41.0 months |
| Sale-to-list price ratio | 96.5% |
| Median price per sq ft | $395/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 14 |
| Listings with a price cut | 17.9% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in North Bay Village by property type?
How the North Bay Village, 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 | $365,000 | $395/sq ft | 3 | 70 days |
| Townhouse | $550,000 | $338/sq ft | 1 | 71 days |
Source: Redfin · Updated monthly
The North Bay Village housing market is currently classified as a buyer's market with a median sale price of $365,000. Prices have fallen 16.6% compared to last year, with homes spending an average of 70 days on market, indicating 41.0 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 4.8x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in North Bay Village
There are currently 123 homes listed for sale in North Bay Village, Florida. The median listing price is $370K.
Active listings
123
Homes on market
Median list price
$370K
Avg. days on market
70
Days until sale
New this week
14
Newly listed
Who lives in North Bay Village?
Population
8,004
Median income
$80,761/yr
Median age
46.6 years
Owner-occupied
38.6%
College grads
51.0%
Avg commute
31.6 min
Source: U.S. Census Bureau ACS
What are homes worth in North Bay Village?
Zillow home value
$386,600
Zillow rent index
$2,971/mo
Price-to-rent ratio
10.8x
Price-to-income
4.8x
Source: Zillow Research
What is it like to live in North Bay Village?
North Bay Village is a community of approximately 8K residents with a median age of 46.6 years.The median household income is $80,761, which reflects a relatively affluent area with strong earning potential. 51.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 38.6%, showing a blend of owner and renter-occupied properties. The average commute time is 31.6 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, North Bay Village offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve North Bay Village?
1 schools tracked · 410 students
The largest public schools serving North Bay Village, FL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
TREASURE ISLAND ELEMENTARY SCHOOL
Grades PK-5 · 410 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near North Bay Village, FL?
Want a head-to-head view? Compare North Bay Village side-by-side with any other U.S. city using our market-comparison tool.
Is North Bay Village a good real estate investment market?
For investors evaluating North Bay Village, the price-to-rent ratio of 10.8x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 16.6% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on North Bay Village's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using North Bay Village's median home price.
Frequently asked questions
What is the average home price in North Bay Village?
The median home sale price in North Bay Village is $365,000, down 16.6% from last year.
How long do homes stay on market in North Bay Village?
Homes typically spend 70 days on market before going under contract.
What is the median income in North Bay Village?
The median household income is $80,761 per year.
Is North Bay Village a buyer's or seller's market?
With 41.0 months of supply, North Bay Village is currently a buyer's market.
What is the Zillow home value estimate for North Bay Village?
The Zillow Home Value Index (ZHVI) for North Bay Village is $386,600, representing the typical home value in the area.
What is the median condo price in North Bay Village?
The median condo/co-op sale price in North Bay Village, FL is $365,000, based on the latest Redfin data.
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