The median sales price for homes in Miami FL for Aug 09 to Oct 09 was $165,000. This represents a decline of 10.8%, or $20,000, compared to the prior quarter and a decrease of 42.8% compared to the prior year. Sales prices have depreciated 21.4% over the last 5 years in Miami.
The average listing price for Miami homes for sale on Trulia was $431,870 for the week ending Nov 10, which represents a decline of 1.7%, or $7,266, compared to the prior week and an increase of 2.7%, or $11,365, compared to the week ending Oct 20. Average price per square foot for Miami FL was $131, a decrease of 43.8% compared to the same period last year. Popular neighborhoods in Miami include Coral Way, Upper East Side, Wynwood - Edgewater, Southwest Coconut Grove, Northeast Coconut Grove, and Flagami.