32807 ZIP Code Housing Market
$318,500median sale price
Quick answer: The median home sale price in ZIP code 32807 is $318,500, down 1.1% year-over-year. Homes sell in an average of 43 days with 77 active listings. The market is currently a balanced market.
Is the 32807 ZIP code a buyer's or seller's market?
ZIP code 32807 is currently a balanced market and homes selling in about 43 days. How we determine this →
32807 market data
| Metric | Value |
|---|---|
| Median sale price | $318,500 |
| Median list price | $349,949 |
| Year-over-year price change | -1.1% |
| Average days on market | 43 days |
| Active inventory | 77 listings |
| Sale-to-list price ratio | 98.6% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The 32807 zip code, located in Bay Harbor Islands, FL, is currently classified as a balanced market. The median sale price stands at $318,500, representing a -1.1% change year over year. Homes in this area spend an average of 43 days on the market before going under contract. There are currently 77 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 32807 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
70
Last 12 weeks
Days on market
43
Average pace
Active listings
77
Sale-to-list
98.6%
Below asking
Market trends
Market analysis for 32807
The 32807 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 98.6% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 32807 have declined -1.1% 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 32807 stands at $317,805, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,623 per month. This gives a price-to-rent ratio of approximately 16.3, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Community profile
Population
34,456
Median income
$59,971/yr
Median age
36.5 years
Owner-occupied
5024.0%
College grads
2555.0%
Avg commute
39.19 min
Living in 32807
Zip code 32807 is home to approximately 34,456 residents. The median household income is $59,971 per year, which shapes the types of homes and amenities available in the area. With a median age of 36.5 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 5024.0% 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 2555.0% 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 39.19 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 32807.
Top public schools in ZIP 32807
9 schools tracked · 6,521 students
The largest public schools serving ZIP code 32807 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.
COLONIAL HIGH
Grades 8-12 · 3,389 students
ROBERTO CLEMENTE MIDDLE
Grades 6-8 · 858 students
ENGELWOOD ELEMENTARY
Grades PK-5 · 532 students
FORSYTH WOODS ELEMENTARY
Grades PK-5 · 501 students
AZALEA PARK ELEMENTARY
Grades PK-5 · 474 students
CHENEY ELEMENTARY
Grades PK-5 · 402 students
UCP DOWNTOWN CHARTER
Grades PK-5 · 179 students
ACCESS CHARTER
Grades 6-12 · 128 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 32807
What is the median home price in 32807?
The current median sale price in 32807 is $318,500, based on recent Redfin transaction data. Prices have changed -1.1% 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 32807 a buyer's or seller's market?
The 32807 zip code is currently classified as a balanced market. 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 32807?
Zip code 32807 has a population of approximately 34,456 residents. The median household income is $59,971 per year. About 5024.0% 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 32807?
Properties Incorporated provides comprehensive data for 32807 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 32807 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.
Pre-launch · for real estate professionals
Reserve a slot on this page
Get your brokerage in front of buyers focused on this specific ZIP on the ZIP 32807 market page when featured listings launch in the next 1-2 weeks. One brokerage slot per page, billed monthly once live.
$50 / month
Reserve slotGet zip code 32807 market alerts
Weekly updates on prices, inventory, and trends. Free forever.