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Miami

Miami Market Report

$1,370,003

AVERAGE PRICE OF 7,096 HOMES

$465,025

AVERAGE PRICE OF 70 DISTRESSED HOMES

$3,268,886

AVERAGE PRICE OF 2,183 MULTI-MILLION DOLLAR HOMES

$2,632,649

AVERAGE PRICE OF 573 NEWLY BUILT HOMES

$2,482,842

AVERAGE PRICE OF 1,035 HOMES WITH A POOL

$1,102,322

AVERAGE PRICE OF 228 REDUCED PRICE HOMES

Average Home

Average Price $1,370,003
Avg Bedrooms 2.16 beds
Avg Bathrooms 2.02 baths

Average Price by Bedrooms

1 bedroom $478,819
2 bedrooms $714,725
3 bedrooms $1,114,034
4 bedrooms $1,513,904
5 bedrooms $2,280,967
Miami Home Price Trends
  8/2023 7/2023 6/2023 5/2023 4/2023
Total Listings 6,754 6,772 6,940 7,011 7,188
Average Price $1,345,829 $1,368,958 $1,374,882 $1,347,301 $1,328,256
Avg Price Change -1.72% -0.43% +2.05% +1.43% +2.05%
Median Price $672,544 $653,674 $650,836 $650,000 $650,000
Med Price Change +2.89% +0.44% +0.13% 0.00% +0.02%
Avg Bedrooms 2.15 beds 2.14 beds 2.16 beds 2.15 beds 2.15 beds
Avg Bathrooms 2 baths 1.99 baths 2.01 baths 2 baths 1.99 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Coral Gables 91 $2,856,358 104 days
Miami Senior 76 $1,292,012 80 days
South Miami 74 $1,160,307 53 days
Southwest Miami 54 $1,160,333 51 days
Washington; Brooker T 127 $968,219 124 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 7,096 $1,370,003 117 days
Distressed Homes 70 $465,025 110 days
Multi-Million Dollar Homes 2,183 $3,268,886 145 days
Newly Built Homes 573 $2,632,649 133 days
Homes with a Pool 1,035 $2,482,842 97 days
Reduced Price Homes 228 $1,102,322 73 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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