In May 2024, Bal Harbour home prices experienced a significant drop of 49.8% compared to the previous year, with a median selling price of $653,000. Homes in Bal Harbour now average 163 days on the market, a substantial increase from 63 days last year. This May, 10 homes were sold, down from 17 in the same period last year.

Bal Harbour's housing market is not very competitive. Homes typically sell in 118.5 days, and multiple offers are rare. On average, homes sell for about 6% below the list price and go pending in around 119 days. However, hot homes can sell for about 2% below the list price and go pending in approximately 69 days.

People moving to Bal Harbour are primarily coming from outside metropolitan areas, constituting 3% of homebuyers nationwide. Among those relocating, homebuyers from New York showed the highest interest in moving to Bal Harbour, followed by those from Washington and Boston.