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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

$1,381,943

AVERAGE PRICE OF 7,519 HOMES

$535,490

AVERAGE PRICE OF 70 DISTRESSED HOMES

$3,306,005

AVERAGE PRICE OF 2,317 MULTI-MILLION DOLLAR HOMES

$2,833,625

AVERAGE PRICE OF 587 NEWLY BUILT HOMES

$2,540,062

AVERAGE PRICE OF 1,116 HOMES WITH A POOL

$1,096,883

AVERAGE PRICE OF 296 REDUCED PRICE HOMES

Average Home

Average Price $1,381,943
Avg Bedrooms 2.14 beds
Avg Bathrooms 2.01 baths

Average Price by Bedrooms

1 bedroom $474,692
2 bedrooms $726,243
3 bedrooms $1,096,671
4 bedrooms $1,563,706
5 bedrooms $2,349,634
Miami Home Price Trends
  11/2023 10/2023 9/2023 8/2023 7/2023
Total Listings 7,513 7,239 6,907 6,754 6,772
Average Price $1,383,033 $1,371,699 $1,357,998 $1,345,829 $1,368,958
Avg Price Change +0.83% +1.01% +0.90% -1.72% -0.43%
Median Price $696,428 $693,351 $684,993 $672,544 $653,674
Med Price Change +0.44% +1.22% +1.85% +2.89% +0.44%
Avg Bedrooms 2.16 beds 2.16 beds 2.16 beds 2.15 beds 2.14 beds
Avg Bathrooms 2.02 baths 2.02 baths 2.03 baths 2 baths 1.99 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Coral Gables 97 $3,197,970 90 days
Miami Killian 59 $1,213,366 56 days
Miami Senior 96 $1,283,649 92 days
South Miami 74 $1,194,843 70 days
Washington; Brooker T 147 $1,031,817 101 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 7,519 $1,381,943 118 days
Distressed Homes 70 $535,490 110 days
Multi-Million Dollar Homes 2,317 $3,306,005 148 days
Newly Built Homes 587 $2,833,625 131 days
Homes with a Pool 1,116 $2,540,062 103 days
Reduced Price Homes 296 $1,096,883 85 days
ONE Sotheby's International Realty
Vicky Molina Vitola
119 Washington Avenue, 102
Miami Beach, FL 33139
305-610-8813

Fair Housing/Equal Opportunity
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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 © 2018 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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