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Miami

Miami Market Report

$981,167

AVERAGE PRICE OF 7,703 HOMES

$436,815

AVERAGE PRICE OF 96 DISTRESSED HOMES

$3,364,180

AVERAGE PRICE OF 2,009 MULTI-MILLION DOLLAR HOMES

$2,410,272

AVERAGE PRICE OF 476 NEWLY BUILT HOMES

$2,279,085

AVERAGE PRICE OF 1,117 HOMES WITH A POOL

$958,702

AVERAGE PRICE OF 202 REDUCED PRICE HOMES

Average Home

Average Price $981,167
Avg Bedrooms 2.19 beds
Avg Bathrooms 1.97 baths

Average Price by Bedrooms

1 bedroom $470,910
2 bedrooms $685,991
3 bedrooms $926,303
4 bedrooms $1,267,127
5 bedrooms $2,097,695
Miami Home Price Trends
  11/2022 10/2022 9/2022 8/2022 7/2022
Total Listings 7,653 7,618 7,700 7,674 7,665
Average Price $975,199 $956,158 $949,436 $1,111,737 $1,228,878
Avg Price Change +1.99% +0.71% -17.09% -10.54% n/a
Median Price $631,833 $627,722 $627,608 $625,263 $624,000
Med Price Change +0.65% +0.02% +0.38% +0.20% n/a
Avg Bedrooms 2.18 beds 2.17 beds 2.17 beds 2.17 beds 2.17 beds
Avg Bathrooms 1.96 baths 1.96 baths 1.96 baths 1.97 baths 1.97 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Coral Gables 111 $2,810,759 125 days
Miami Killian 77 $961,854 76 days
Miami Senior 80 $940,422 93 days
South Miami 80 $898,709 74 days
Washington; Brooker T 157 $839,804 111 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 7,703 $981,167 116 days
Distressed Homes 96 $436,815 128 days
Multi-Million Dollar Homes 2,009 $3,364,180 146 days
Newly Built Homes 476 $2,410,272 133 days
Homes with a Pool 1,117 $2,279,085 103 days
Reduced Price Homes 202 $958,702 77 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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