32806 ZIP Code Housing Market
$434,500median sale price
Quick answer: The median home sale price in ZIP code 32806 is $434,500, down 13.1% year-over-year. Homes sell in an average of 63 days with 106 active listings. The market is currently a leaning buyer's.
Is the 32806 ZIP code a buyer's or seller's market?
ZIP code 32806 is currently a leaning buyer's and homes selling in about 63 days. How we determine this →
32806 market data
| Metric | Value |
|---|---|
| Median sale price | $434,500 |
| Median list price | $453,750 |
| Year-over-year price change | -13.1% |
| Average days on market | 63 days |
| Active inventory | 106 listings |
| Sale-to-list price ratio | 97.0% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated weekly
The 32806 zip code, located in Bay Harbor Islands, FL, is currently classified as a leaning buyer's. The median sale price stands at $434,500, representing a -13.1% change year over year. Homes in this area spend an average of 63 days on the market before going under contract. There are currently 106 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 32806 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
92
Last 12 weeks
Days on market
63
Average pace
Active listings
106
Sale-to-list
97.0%
Below asking
Market trends
Market analysis for 32806
The 32806 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 97.0% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 32806 have declined -13.1% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. 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 32806 stands at $438,232, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,799 per month. This gives a price-to-rent ratio of approximately 20.3, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Community profile
Population
26,096
Median income
$89,046/yr
Median age
41.1 years
Owner-occupied
6954.0%
College grads
5389.0%
Avg commute
24.75 min
Living in 32806
Zip code 32806 is home to approximately 26,096 residents. The median household income is $89,046 per year, which shapes the types of homes and amenities available in the area. With a median age of 41.1 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 6954.0% 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 5389.0% 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 24.75 minutes, which is close to the national average. 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 32806.
Top public schools in ZIP 32806
8 schools tracked · 6,033 students
The largest public schools serving ZIP code 32806 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.
WILLIAM R BOONE HIGH
Grades 9-12 · 2,769 students
PERSHING SCHOOL
Grades K-8 · 1,091 students
LAKE COMO SCHOOL
Grades PK-8 · 887 students
BLANKNER K-8
Grades PK-8 · 802 students
UCP OSCEOLA CHARTER SCHOOL
Grades PK-5 · 235 students
UCP TRANSITIONAL LEARNING ACADEMY CHARTER
Grades 6-12 · 156 students
JUVENILE DETENTION
Grades K-12 · 85 students
VILLAGE
Grades 4-12 · 8 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 32806
What is the median home price in 32806?
The current median sale price in 32806 is $434,500, based on recent Redfin transaction data. Prices have changed -13.1% 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 32806 a buyer's or seller's market?
The 32806 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 32806?
Zip code 32806 has a population of approximately 26,096 residents. The median household income is $89,046 per year. About 6954.0% 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 32806?
Properties Incorporated provides comprehensive data for 32806 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 32806 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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