32809 ZIP Code Housing Market
$356,500median sale price
Quick answer: The median home sale price in ZIP code 32809 is $356,500, up 1.9% year-over-year. Homes sell in an average of 64 days with 72 active listings. The market is currently a buyer's market.
Is the 32809 ZIP code a buyer's or seller's market?
ZIP code 32809 is currently a buyer's market and homes selling in about 64 days. How we determine this →
32809 market data
| Metric | Value |
|---|---|
| Median sale price | $356,500 |
| Median list price | $341,450 |
| Year-over-year price change | +1.9% |
| Average days on market | 64 days |
| Active inventory | 72 listings |
| Sale-to-list price ratio | 95.9% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The 32809 zip code, located in Bay Harbor Islands, FL, is currently classified as a buyer's market. The median sale price stands at $356,500, representing a +1.9% change year over year. Homes in this area spend an average of 64 days on the market before going under contract. There are currently 72 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 32809 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
48
Last 12 weeks
Days on market
64
Average pace
Active listings
72
Sale-to-list
95.9%
Below asking
Market trends
Market analysis for 32809
The 32809 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a buyer's market, homes are selling at approximately 95.9% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 32809 have increased +1.9% 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 32809 stands at $312,118, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,625 per month. This gives a price-to-rent ratio of approximately 16.0, 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
29,237
Median income
$57,879/yr
Median age
39.5 years
Owner-occupied
5305.0%
College grads
2084.0%
Avg commute
36.65 min
Living in 32809
Zip code 32809 is home to approximately 29,237 residents. The median household income is $57,879 per year, which shapes the types of homes and amenities available in the area. With a median age of 39.5 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 5305.0% 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 2084.0% 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 36.65 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 32809.
Top public schools in ZIP 32809
11 schools tracked · 8,570 students
The largest public schools serving ZIP code 32809 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.
OAK RIDGE HIGH
Grades 8-12 · 2,562 students
WESTRIDGE MIDDLE
Grades 6-8 · 1,201 students
CORNERSTONE ACADEMY CHARTER
Grades K-8 · 987 students
JUDSON B WALKER MIDDLE
Grades 6-8 · 897 students
SADLER ELEMENTARY
Grades PK-5 · 722 students
WINEGARD ELEMENTARY
Grades PK-5 · 667 students
LANCASTER ELEMENTARY
Grades PK-5 · 574 students
CORNERSTONE CHARTER ACADEMY HIGH
Grades 9-12 · 572 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 32809
What is the median home price in 32809?
The current median sale price in 32809 is $356,500, based on recent Redfin transaction data. Prices have changed +1.9% 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 32809 a buyer's or seller's market?
The 32809 zip code is currently classified as a buyer's 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 32809?
Zip code 32809 has a population of approximately 29,237 residents. The median household income is $57,879 per year. About 5305.0% 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 32809?
Properties Incorporated provides comprehensive data for 32809 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 32809 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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