Miami Market Trends


Median Sales Price in Miami

 

1 yr 5 yr Max
Miami median sales prices
Number of sold homes in Miami
No. Bedrooms Jul - Oct '14 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom $140,000 -2.8% $118,250 $144,000 $110,000
2 bedrooms $160,950 +15.0% $158,500 $140,000 $135,000
3 bedrooms $229,950 +9.8% $226,000 $209,450 $170,000
4 bedrooms $305,000 +8.9% $305,000 $280,000 $245,000
All properties $218,250 +9.1% $220,000 $200,000 $166,000
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Summary for Miami


The median sales price for homes in Miami FL for Jul 14 to Oct 14 was $218,250. This represents a decline of 0.8%, or $1,750, compared to the prior quarter and an increase of 9.1% compared to the prior year. Sales prices have appreciated 31.5% over the last 5 years in Miami. The average listing price for Miami homes for sale on Trulia was $475,712 for the week ending Oct 15, which represents an increase of 0%, or $112, compared to the prior week and a decline of 3.3%, or $16,333, compared to the week ending Sep 24. Average price per square foot for Miami FL was $177, an increase of 7.3% compared to the same period last year. Popular neighborhoods in Miami include Coral Way, Northeast Coconut Grove, Wynwood - Edgewater, Upper East Side, West Little Havana, and Southwest Coconut Grove.

Average Listing Price in Miami

 

Miami average property price
Miami – number of properties
No. Bedrooms Week ending
Oct 15
w-o-w Week ending
Oct 8
Week ending
Oct 1
Week ending
Sep 24
1 bedroom $292,936 -0.3% $293,729 $285,784 $294,801
2 bedrooms $400,477 +0.8% $397,468 $397,072 $408,318
3 bedrooms $416,829 -1.6% $423,773 $399,587 $422,528
4 bedrooms $596,032 +0.1% $595,432 $612,295 $629,402
All properties $475,712 0.0% $475,600 $468,072 $492,045
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Average Price Per Sqft. for Homes in Miami

 

1 yr 5 yr Max
Miami average price per square foot
No. Bedrooms Jul - Oct '14 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom $236 +4.0% $220 $227 $154
2 bedrooms $192 +7.9% $195 $178 $145
3 bedrooms $156 +7.6% $164 $145 $117
4 bedrooms $157 +18.0% $160 $133 $114
All properties $177 +7.3% $182 $165 $129
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Popular Neighborhoods in Miami


Neighborhoods Week ending
Oct 15
w-o-w Week ending
Oct 8
Week ending
Oct 1
Coral Way 1 1 1
Northeast Coconut Grove 2 2 5
Wynwood - Edgewater 3 3 2
Upper East Side 4 4 3
West Little Havana 5 5 4
Southwest Coconut Grove 6 +1 7 7
Homes for Sale in Miami
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