The South Beach housing market is not very competitive. The median sale price of a home in South Beach was $393K last month, down 15.6% since last year. The median sale price per square foot in South Beach is $290, up 18.4% since last year.
What is the housing market like in South Beach today?
In March 2024, South Beach home prices were down 15.6% compared to last year, selling for a median price of $393K. On average, homes in South Beach sell after 100 days on the market compared to 73 days last year. There were 53 homes sold in March this year, up from 35 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$392,500
-15.6% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
South Beach, FL
$392,500
-15.6%
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 Fort Pierce 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 100 days.
0
100
7
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 100 days.
Hot homes
can sell for about 2% below list price and go pending in around 57 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.
Risk Factor
Flood Factor - Extreme
99% of properties are at risk of severe flooding over the next 30 years
Flood Factor
South Beach has an extreme risk of flooding. 1,272 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.
11% of properties are at risk of wildfire over the next 30 years
Fire Factor
South Beach has a moderate risk of wildfire. There are 147 properties in South Beach that have some risk of being affected by wildfire over the next 30 years. This represents 11% of all properties in South Beach.
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. 1,303 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 209 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 221 mph.