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 Apr - Jul '14 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom $120,000 -9.8% $128,000 $133,000 $120,000
2 bedrooms $160,000 +18.5% $147,650 $135,000 $127,550
3 bedrooms $225,000 +12.5% $220,000 $200,000 $180,000
4 bedrooms $307,500 +15.2% $290,149 $267,000 $240,000
All properties $217,100 +11.3% $205,000 $195,000 $165,000
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Summary for Miami


The median sales price for homes in Miami FL for Apr 14 to Jul 14 was $217,100. This represents an increase of 5.9%, or $12,100, compared to the prior quarter and an increase of 11.3% compared to the prior year. Sales prices have appreciated 31.6% over the last 5 years in Miami. The average listing price for Miami homes for sale on Trulia was $473,979 for the week ending Jul 16, which represents a decline of 0.3%, or $1,303, compared to the prior week and a decline of 3.1%, or $15,295, compared to the week ending Jun 25. Average price per square foot for Miami FL was $182, an increase of 11% compared to the same period last year. Popular neighborhoods in Miami include Coral Way, Wynwood - Edgewater, Northeast Coconut Grove, Upper East Side, Model City, and Southwest Coconut Grove.

Average Listing Price in Miami

 

Miami average property price
Miami – number of properties
No. Bedrooms Week ending
Jul 16
w-o-w Week ending
Jul 9
Week ending
Jul 2
Week ending
Jun 25
1 bedroom $288,989 -1.3% $292,769 $295,030 $295,988
2 bedrooms $400,498 +0.2% $399,728 $404,092 $420,194
3 bedrooms $443,041 -1.0% $447,483 $485,684 $459,171
4 bedrooms $535,560 -2.6% $549,682 $555,002 $576,762
All properties $473,979 -0.3% $475,282 $484,447 $489,274
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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 Apr - Jul '14 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom $221 +1.8% $231 $217 $158
2 bedrooms $196 +7.7% $181 $182 $128
3 bedrooms $162 +14.9% $155 $141 $116
4 bedrooms $162 +20.0% $148 $135 $110
All properties $182 +11.0% $173 $164 $124
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Popular Neighborhoods in Miami


Neighborhoods Week ending
Jul 16
w-o-w Week ending
Jul 9
Week ending
Jul 2
Coral Way 1 1 1
Wynwood - Edgewater 2 2 2
Northeast Coconut Grove 3 +1 4 4
Upper East Side 4 -1 3 3
Model City 5 +1 6 6
Southwest Coconut Grove 6 -1 5 5
Homes for Sale in Miami
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