Miami, FL, Real Estate
Miami currently has 9 single family homes for sale with an average list price of $1,101,944, 2 townhouses for sale with an average list price of $557,950, 6 condos for sale with an average list price of $526,467, and 2 lots for sale with an average list price of $297,500. The average annual property tax for Miami is $4,815.
What's Hot & What Not
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Miami, i.e. what's hot and what's not.
See What's Hot & What's Not in Miami
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Miami, i.e. what's hot and what's not.
Market Trends
Miami home sales for the month of March decreased in volume by 12.5% when compared to last year, while the median sale price decreased by 13% from $615,000 to $535,000. House sales decreased by 50%, while the median sale price decreased by 26.6% from $790,000 to $580,000. Condo sales stayed the same, while the median sale price stayed the same.
|
16
|
23
|
41
|
55
|
| 2020 | 2021 | 2022 | 2023 |
| # of sales per year | |||
|
$360,250
|
$440,000
|
$460,000
|
$515,000
|
| 2020 | 2021 | 2022 | 2023 |
| median sale price per year | |||
Median Sale Price for Miami
Number of Sales for Miami
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