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 Sep - Dec '14 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom $140,000 +2.9% $134,000 $136,000 $125,000
2 bedrooms $158,000 +12.9% $160,000 $140,000 $130,000
3 bedrooms $230,000 +15.0% $230,000 $200,000 $170,000
4 bedrooms $310,000 +9.4% $310,000 $283,300 $240,000
All properties $220,000 +13.4% $223,000 $194,000 $165,000
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Summary for Miami


The median sales price for homes in Miami FL for Sep 14 to Dec 14 was $220,000. This represents a decline of 1.3%, or $3,000, compared to the prior quarter and an increase of 13.4% compared to the prior year. Sales prices have appreciated 33.3% over the last 5 years in Miami. The average listing price for Miami homes for sale on Trulia was $508,114 for the week ending Dec 10, which represents a decline of 1.5%, or $7,650, compared to the prior week and an increase of 3.2%, or $15,731, compared to the week ending Nov 19. Average price per square foot for Miami FL was $176, an increase of 7.3% compared to the same period last year. Popular neighborhoods in Miami include Coral Way, Wynwood - Edgewater, Northeast Coconut Grove, 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
Dec 10
w-o-w Week ending
Dec 3
Week ending
Nov 26
Week ending
Nov 19
1 bedroom $298,887 -0.5% $300,428 $297,167 $293,444
2 bedrooms $395,115 -1.3% $400,134 $397,052 $388,419
3 bedrooms $532,755 +0.2% $531,857 $496,614 $488,098
4 bedrooms $578,028 -3.5% $599,302 $574,931 $592,005
All properties $508,114 -1.5% $515,764 $495,865 $492,383
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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 Sep - Dec '14 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom $239 +3.5% $234 $231 $173
2 bedrooms $187 +5.6% $195 $177 $144
3 bedrooms $155 +9.9% $163 $141 $117
4 bedrooms $154 +14.1% $163 $135 $112
All properties $176 +7.3% $181 $164 $132
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Popular Neighborhoods in Miami


Neighborhoods Week ending
Dec 10
w-o-w Week ending
Dec 3
Week ending
Nov 26
Coral Way 1 1 1
Wynwood - Edgewater 2 2 2
Northeast Coconut Grove 3 3 4
Upper East Side 4 4 3
West Little Havana 5 +1 6 6
Southwest Coconut Grove 6 -1 5 5
Homes for Sale in Miami
View all Miami Homes for Sale