North Bay Village Home Prices & Values

$247,000 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 19.7% 1-year change
  • 4.6% 1-year forecast

Market Temperature: CoolWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in North Bay Village is $247,000. North Bay Village home values have gone up 19.7% over the past year and Zillow predicts they will rise 4.6% within the next year. The median list price per square foot in North Bay Village is $252, which is higher than the Miami-Fort Lauderdale Metro average of $158. The median price of homes currently listed in North Bay Village is $259,900 while the median price of homes that sold is $259,231. The median rent price in North Bay Village is $2,200, which is higher than the Miami-Fort Lauderdale Metro median of $1,800.

Relative ZHVI
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North Bay Village Market Overview

Data through Jul 31, 2014
  • $247,000 ZHVI
  • 4.6% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $259,900 Median listing price
  • $259,231 Median sale price
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North Bay Village Market Health

Data through Jul 31, 2014
  • 4.8/10 Stable What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • No data Homes with negative equity (17.0% US Avg)
  • No data Delinquent on mortgage (6.9% US Avg)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Surfside $538,900 Miami Shores $436,800 Miami Beach $361,700
Biscayne Park $345,900 El Portal $292,700 Miami $272,400
Bay Harbor Islands $255,500 North Miami $130,800 West Little River $97,100

Listings & Sales

Data through Jul 31, 2014
  • $252 Median list price / sq ft
  • $227 Median sale price / sq ft
  • 30.1% Listings with price cut
33.1%
Sold below listing
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North Bay Village Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,809 North Bay Village
$1,761 Miami-Fort Lauderdale Metro
$1,318 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $2,200 Rent list price
  • $1.83 Rent list price / sq ft
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