Sunny Isles Beach Market Update – March 2025

Sunny Isles Beach is currently experiencing a strong buyer’s market, with 21.35 months of inventory—a significant increase of 6.38% month-over-month. Homes are taking longer to sell, with a median of 116 days on the market (up 30.34%), but sellers are still receiving 93.6% of their list price. Notably, the median sold price has surged to $1,209,200, marking a 45.69% month-over-month increase.

Miami Beach Market Update – March 2025

Miami Beach is also in a buyer’s market this month, with 16.19 months of inventory, reflecting a 4.65% increase month-over-month. Homes are selling a bit faster than in neighboring areas, with a median of 75 days on the market (down 2.6%). While the median sold price dipped to $698,750 (down 12.6%), sellers are still achieving 93.2% of their list price.

North Miami Market Update – March 2025

The North Miami housing market remains a buyer’s market, with 13.33 months of inventory, slightly down by 3.89% from last month. While homes are spending more time on the market (72 days, up 12.5%), there’s a notable 33.93% jump in median sold price, now at $375,000. However, sellers are seeing a list-to-sold price ratio of 92.4%, showing a 4.8% dip from the previous month.

Bal Harbour, Bay Harbour Islands & Surfside Market Update – March 2025

This trio of upscale coastal neighborhoods is currently in a buyer’s market, with 17.95 months of inventory, holding steady with only a slight 0.17% dip month-over-month. Homes are selling faster, with median days on market dropping to 48—a major 60.66% improvement. Sellers are achieving 94.6% of their list price, and the median sold price has climbed to $1,459,000, up 16.72%.