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 Jan - Apr '14 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom $129,000 +16.7% $115,000 $110,500 $141,000
2 bedrooms $147,000 +13.1% $140,000 $130,000 $137,000
3 bedrooms $220,000 +17.7% $210,000 $186,950 $180,000
4 bedrooms $290,000 +9.4% $285,000 $265,000 $250,000
All properties $200,000 +11.1% $195,000 $180,000 $175,000
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Summary for Miami


The median sales price for homes in Miami FL for Jan 14 to Apr 14 was $200,000. This represents an increase of 2.6%, or $5,000, compared to the prior quarter and an increase of 11.1% compared to the prior year. Sales prices have appreciated 14.3% over the last 5 years in Miami. The average listing price for Miami homes for sale on Trulia was $487,300 for the week ending Apr 09, which represents a decline of 0.6%, or $3,026, compared to the prior week and an increase of 0.2%, or $868, compared to the week ending Mar 19. Average price per square foot for Miami FL was $171, an increase of 13.2% compared to the same period last year. Popular neighborhoods in Miami include Coral Way, Wynwood - Edgewater, Northeast Coconut Grove, Upper East Side, East Little Havana, and Southwest Coconut Grove.

Average Listing Price in Miami

 

Miami average property price
Miami – number of properties
No. Bedrooms Week ending
Apr 9
w-o-w Week ending
Apr 2
Week ending
Mar 26
Week ending
Mar 19
1 bedroom $294,476 -1.0% $297,498 $297,390 $290,218
2 bedrooms $420,288 +3.0% $407,939 $402,134 $394,967
3 bedrooms $454,207 -0.9% $458,188 $445,082 $440,437
4 bedrooms $593,653 +0.7% $589,620 $570,471 $593,078
All properties $487,300 -0.6% $490,326 $475,165 $486,432
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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 Jan - Apr '14 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom $226 +14.7% $218 $197 $198
2 bedrooms $178 +6.6% $174 $167 $143
3 bedrooms $155 +20.2% $151 $129 $117
4 bedrooms $141 +10.2% $134 $128 $116
All properties $171 +13.2% $165 $151 $134
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Popular Neighborhoods in Miami


Neighborhoods Week ending
Apr 9
w-o-w Week ending
Apr 2
Week ending
Mar 26
Coral Way 1 1 1
Wynwood - Edgewater 2 2 2
Northeast Coconut Grove 3 3 3
Upper East Side 4 4 4
East Little Havana 5 +4 9 8
Southwest Coconut Grove 6 -1 5 6
Homes for Sale in Miami
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