South Beach Market Report

May 2024
Dunja Green
South Beach Realtor®
4159904883
dunja.green@compass.com
Condo

CHANGE FROM APR CHANGE FROM MAY

MAY 2024
2024 2023

Homes sold 16 27% 5.9%

Homes for sale 102 6.4% 11%

Median days on market 58 100% 61%

Median price per square foot $1,122 5.9% 6.9%

Months of inventory 6.4 29% 18%

Median sold price $1,325,000 3.1% 12%

Homes under contract 24 33% 14%

Information believed to be accurate but not warranted. Copyright 2021 Compass. All rights reserved.
https://www.compass.com/legal/terms-of-service/
Homes for sale
Number of homes listed for sale, end of month

150

115
109
101 102 102
96 94 94
100 87 92 87 87
83 83
67

50

0
Mar '23 Apr '23 May '23 Jun '23 Jul '23 Aug '23 Sep '23 Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24

New listings
Number of homes newly listed for sale, during the month

75

51
50
39 39 39
36 36 35 36
30 32
27
25 21 21
15
5
0
Mar '23 Apr '23 May '23 Jun '23 Jul '23 Aug '23 Sep '23 Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24

Homes under contract

Number of homes that went into contract

30
24
22
21 21
20 17
18
16
15 15 15
13
11 11
9
10 7

0
Mar '23 Apr '23 May '23 Jun '23 Jul '23 Aug '23 Sep '23 Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24

Information believed to be accurate but not warranted. Copyright 2021 Compass. All rights reserved.
https://www.compass.com/legal/terms-of-service/
Homes sold
Number of homes sold

30

23 22

20 19
17 17 17 16
15
13 14 14
12
9 9 9
10

0
Mar '23 Apr '23 May '23 Jun '23 Jul '23 Aug '23 Sep '23 Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24

Months of inventory
Months of inventory based on sold listings

15

10
10 9.2
7.3 7.2 7.4 7.3
6.7 6.8 6.4
6.3
5.4 5
4.9 4.6
5 4.2

0
Mar '23 Apr '23 May '23 Jun '23 Jul '23 Aug '23 Sep '23 Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24

Sold/List Price %
Sold price/original list price %

150

95 97 94 95 94 96 95 97 95 95 95 95 95
100 89
81

50

0
Mar '23 Apr '23 May '23 Jun '23 Jul '23 Aug '23 Sep '23 Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24

Information believed to be accurate but not warranted. Copyright 2021 Compass. All rights reserved.
https://www.compass.com/legal/terms-of-service/
Median sold price
Median price of sold homes (in 1000s)

2k
1,650
1,475 1,525
1,375 1,368 1,325
1,300
1,180 1,200 1,180 1,175 1,115 1,085
1,000
1k 900

0
Mar '23 Apr '23 May '23 Jun '23 Jul '23 Aug '23 Sep '23 Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24

Median price per square foot

Median price per square foot of sold homes

1500
1,244 1,260
1,192
1,092 1,126 1,114 1,122
1,058 1,049 1,067 1,071 1,073 1,040
1,012
1000 925

500

0
Mar '23 Apr '23 May '23 Jun '23 Jul '23 Aug '23 Sep '23 Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24

Median days on market

Median days on market of sold listings

100 90
81

66 68
63
58 58
50
50 42 42
36 39 39
29
23

0
Mar '23 Apr '23 May '23 Jun '23 Jul '23 Aug '23 Sep '23 Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24
Compass is a real estate broker licensed by the State of California, and makes no representations or warranties, express or implied, with respect to
current or future market conditions, or prices of residential properties at the time of this report or in the future. All information herein is intended for
informational purposes only and no warranty, express or implied, is made or should be assumed regarding the accuracy, adequacy, completeness,
legality, reliability, merchantability or fitness for a particular purpose of any information, in whole or in part, contained herein. Compass shall not be
deemed to be providing legal, accounting or other professional services. This is not intended to solicit the purchase or sale of any property. Equal
Housing Opportunity. Report published based on the following data sources: lake_tahoe_remetrolist, sf_mlslistings, sf_ebrd, sf_rebareis. The report
includes data from the Northern California region, and the following counties: San Francisco County, with the following property types: Condo; over
the last 15 months preceding June 10th, 2024.

Information believed to be accurate but not warranted. Copyright 2021 Compass. All rights reserved.
https://www.compass.com/legal/terms-of-service/