32732 ZIP Code Housing Market
$737,500median sale price
Quick answer: The median home sale price in ZIP code 32732 is $737,500, up 46.8% year-over-year. Homes sell in an average of 120 days with 17 active listings. The market is currently a leaning buyer's.
Is the 32732 ZIP code a buyer's or seller's market?
ZIP code 32732 is currently a leaning buyer's and homes selling in about 120 days. How we determine this →
32732 market data
| Metric | Value |
|---|---|
| Median sale price | $737,500 |
| Median list price | $847,750 |
| Year-over-year price change | +46.8% |
| Average days on market | 120 days |
| Active inventory | 17 listings |
| Sale-to-list price ratio | 96.1% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated weekly
The 32732 zip code, located in Bay Harbor Islands, FL, is currently classified as a leaning buyer's. The median sale price stands at $737,500, representing a +46.8% change year over year. Homes in this area spend an average of 120 days on the market before going under contract. There are currently 17 active listings in the area, which influences how much negotiating power buyers and sellers have.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 32732 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Homes sold
6
Last 12 weeks
Days on market
120
Average pace
Active listings
17
Sale-to-list
96.1%
Below asking
Market trends
Market analysis for 32732
The 32732 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, homes are selling at approximately 96.1% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 32732 have increased +46.8% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 32732 stands at $578,840, which represents Zillow's estimate of the typical home value in the area. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Community profile
Population
5,275
Median income
$119,205/yr
Median age
45.7 years
Owner-occupied
9600.0%
College grads
4635.0%
Avg commute
45.46 min
Living in 32732
Zip code 32732 is home to approximately 5,275 residents. The median household income is $119,205 per year, which shapes the types of homes and amenities available in the area. With a median age of 45.7 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 9600.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 4635.0% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 45.46 minutes, which is above the national average and may reflect a suburban or exurban setting where residents trade commute time for more affordable housing or larger lots. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 32732.
Top public schools in ZIP 32732
1 schools tracked · 466 students
The largest public schools serving ZIP code 32732 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.
GENEVA ELEMENTARY SCHOOL
Grades PK-5 · 466 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 32732
What is the median home price in 32732?
The current median sale price in 32732 is $737,500, based on recent Redfin transaction data. Prices have changed +46.8% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 32732 a buyer's or seller's market?
The 32732 zip code is currently classified as a leaning buyer's. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population and demographics of 32732?
Zip code 32732 has a population of approximately 5,275 residents. The median household income is $119,205 per year. About 9600.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 32732?
Properties Incorporated provides comprehensive data for 32732 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 32732 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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