South Beach, FL
Housing market overview · Updated weekly
$1.18Mmedian sale price
Homes sold
14
Last 12 weeks
Days on market
118
Average pace
Active listings
88
6.3 months supply
Sale-to-list
94.0%
Below asking
The South Beach housing market is currently classified as a buyer's market with a median sale price of $1.18M. Prices have fallen 15.6% compared to last year, with homes spending an average of 118 days on market, indicating 6.3 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 South Beach
There are currently 88 homes listed for sale in South Beach, Florida. The median listing price is $1.6M.
Active listings
88
Homes on market
Median list price
$1.6M
Avg. days on market
118
Days until sale
New this week
14
Newly listed
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Frequently asked questions
What is the average home price in South Beach?
The median home sale price in South Beach is $1.18M, down 15.6% from last year.
How long do homes stay on market in South Beach?
Homes typically spend 118 days on market before going under contract.
Is South Beach a buyer's or seller's market?
With 6.3 months of supply, South Beach is currently a buyer's market.
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