The South Beaches housing market is not very competitive. The median sale price of a home in South Beaches was $700K last month, down 6.7% since last year. The median sale price per square foot in South Beaches is $420, up 7.4% since last year.
What is the housing market like in South Beaches today?
In April 2024, South Beaches home prices were down 6.7% compared to last year, selling for a median price of $700K. On average, homes in South Beaches sell after 61 days on the market compared to 58 days last year. There were 31 homes sold in April this year, down from 43 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$700,000
-6.7% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
South Beaches, FL
$700,000
-6.7%
United States
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How hot is the South Beaches housing market?
South Beaches is not very competitive. Homes sell in 60 days.
0
100
27
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 4% below list price and go pending in around 60 days.
Hot homes
can sell for about 2% below list price and go pending in around 19 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
95.0%
-1.1 pt YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
South Beaches, FL
95.0%
-1.1 pt
United States
Home offer insights for South Beaches
Explore recent offers and recently sold homes in South Beaches
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 Beaches housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in South Beaches.
Risk Factor
Flood Factor - Extreme
91% of properties are at risk of severe flooding over the next 30 years
Flood Factor
South Beaches has an extreme risk of flooding. 2,459 properties in South Beaches are likely to be
severely affected
by flooding over the next 30 years. This represents 91% of all properties in South Beaches. Flood risk is increasing faster than the national average.
13% of properties are at risk of wildfire over the next 30 years
Fire Factor
South Beaches has a moderate risk of wildfire. There are 448 properties in South Beaches that have some risk of being affected by wildfire over the next 30 years. This represents 13% of all properties in South Beaches.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
South Beaches has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. South Beaches is most at risk from hurricanes. 3,375 properties in South Beaches 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 202 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 216 mph.