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Miami

Why you'd want to live in Miami

Miami is most famous for its amazing weather and beaches, and they are spectacular, but the city also offers many unexpected gems. The best place to start is the diverse array of neighborhoods, where visitors are encouraged to explore the cultural roots that make Miami an incredible melting pot. Discover the heritage of the Caribbean in Little Haiti, or the city’s Bahamian foundations in West Coconut Grove. Get immersed in the African-American experience of Historic Overtown or the thriving Miccosukee Native American community in South Dade. via visittheusa.co

Miami Market Report

$1,339,515

AVERAGE PRICE OF 9,244 HOMES

$547,938

AVERAGE PRICE OF 82 DISTRESSED HOMES

$3,392,729

AVERAGE PRICE OF 2,624 MULTI-MILLION DOLLAR HOMES

$2,914,886

AVERAGE PRICE OF 721 NEWLY BUILT HOMES

$2,449,376

AVERAGE PRICE OF 1,303 HOMES WITH A POOL

$985,606

AVERAGE PRICE OF 403 REDUCED PRICE HOMES

Average Home

Average Price $1,339,515
Avg Bedrooms 2.16 beds
Avg Bathrooms 2.04 baths

Average Price by Bedrooms

1 bedroom $488,927
2 bedrooms $709,087
3 bedrooms $1,048,967
4 bedrooms $1,704,433
5 bedrooms $2,731,209
Miami Home Price Trends
  12/2024 11/2024 10/2024 9/2024 8/2024
Total Listings 9,342 9,259 9,094 8,869 8,629
Average Price $1,347,139 $1,303,598 $1,272,516 $1,280,438 $1,292,648
Avg Price Change +3.34% +2.44% -0.62% -0.95% -1.59%
Median Price $675,000 $675,000 $673,626 $668,323 $669,665
Med Price Change 0.00% +0.20% +0.79% -0.20% -0.53%
Avg Bedrooms 2.13 beds 2.14 beds 2.16 beds 2.16 beds 2.16 beds
Avg Bathrooms 2.01 baths 2.01 baths 2.02 baths 2.02 baths 2.01 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Washington; Brooker T 249 $1,049,552 108 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 9,244 $1,339,515 129 days
Distressed Homes 82 $547,938 81 days
Multi-Million Dollar Homes 2,624 $3,392,729 155 days
Newly Built Homes 721 $2,914,886 135 days
Homes with a Pool 1,303 $2,449,376 114 days
Reduced Price Homes 403 $985,606 101 days
ONE Sotheby's International Realty
Vicky Molina Vitola
119 Washington Avenue, 102
Miami Beach, FL 33139
305-610-8813

The multiple listing information is provided by MIAMI Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listingare ©2025 MIAMI Association of Realtors®. All Rights Reserved.
The information provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
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