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Miami

Miami Market Report

$1,311,448

AVERAGE PRICE OF 7,400 HOMES

$465,490

AVERAGE PRICE OF 114 DISTRESSED HOMES

$3,359,547

AVERAGE PRICE OF 2,071 MULTI-MILLION DOLLAR HOMES

$2,594,992

AVERAGE PRICE OF 474 NEWLY BUILT HOMES

$2,389,355

AVERAGE PRICE OF 1,073 HOMES WITH A POOL

$1,090,432

AVERAGE PRICE OF 175 REDUCED PRICE HOMES

Average Home

Average Price $1,311,448
Avg Bedrooms 2.17 beds
Avg Bathrooms 2 baths

Average Price by Bedrooms

1 bedroom $469,443
2 bedrooms $703,136
3 bedrooms $994,271
4 bedrooms $1,299,155
5 bedrooms $2,275,727
Miami Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 7,519 7,326 7,523 7,653 7,618
Average Price $1,293,444 $1,063,051 $983,270 $975,199 $956,158
Avg Price Change +21.67% +8.11% +0.83% +1.99% +0.71%
Median Price $645,622 $647,228 $636,052 $631,833 $627,722
Med Price Change -0.25% +1.76% +0.67% +0.65% +0.02%
Avg Bedrooms 2.2 beds 2.19 beds 2.19 beds 2.18 beds 2.17 beds
Avg Bathrooms 1.99 baths 1.97 baths 1.97 baths 1.96 baths 1.96 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Coral Gables 105 $2,592,109 135 days
Miami Killian 73 $1,063,759 84 days
Miami Senior 84 $1,111,396 98 days
South Miami 71 $974,711 74 days
Washington; Brooker T 163 $864,898 130 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 7,400 $1,311,448 123 days
Distressed Homes 114 $465,490 119 days
Multi-Million Dollar Homes 2,071 $3,359,547 156 days
Newly Built Homes 474 $2,594,992 130 days
Homes with a Pool 1,073 $2,389,355 110 days
Reduced Price Homes 175 $1,090,432 90 days
One Sotheby's International Realty
Enrique Tejera, P.A.
119 Washington Ave. Ste 102
Miami Beach, FL 33139
305-814-4686

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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