The South Beach housing market is not very competitive. The median sale price of a home in South Beach was $500K last month, down 4.8% since last year. The median sale price per square foot in South Beach is $456, down 10.4% since last year.
What is the housing market like in South Beach today?
In October 2024, South Beach home prices were down 4.8% compared to last year, selling for a median price of $500K. On average, homes in South Beach sell after 142 days on the market compared to 132 days last year. There were 67 homes sold in October this year, down from 93 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$500,000
-4.8% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
South Beach, FL
$500,000
-4.8%
United States
To compare other locations to the South Beach and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Hollywood add value to a home.
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How hot is the South Beach housing market?
South Beach is not very competitive. Homes sell in 135 days.
0
100
6
Not Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Multiple offers are rare.
The average homes sell for about 5% below list price and go pending in around 135 days.
Hot homes
can sell for about 2% below list price and go pending in around 66 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on South Beach housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in South Beach.
Flood Factor - Severe
99% of properties are at risk of severe flooding over the next 30 years
Flood Factor
South Beach has a severe risk of flooding. 2,653 properties in South Beach are likely to be
severely affected
by flooding over the next 30 years. This represents 99% of all properties in South Beach. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Wind Factor - Extreme
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
South Beach has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. South Beach is most at risk from hurricanes. 2,703 properties in South Beach have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 223 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 239 mph.