Miami Beach Market Trends


Median Sales Price in Miami Beach

 

1 yr 5 yr Max
Miami Beach median sales prices
Number of sold homes in Miami Beach
No. Bedrooms Jul - Oct '14 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom $300,000 +13.2% $265,000 $265,000 $178,000
2 bedrooms $555,000 +5.7% $590,000 $525,000 $405,000
3 bedrooms $1,069,000 -7.0% $1,445,000 $1,150,000 $702,500
4 bedrooms $1,185,000 +1.9% $1,305,000 $1,162,500 $937,500
All properties $375,000 +8.7% $357,000 $345,000 $262,250
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Summary for Miami Beach


The median sales price for homes in Miami Beach FL for Jul 14 to Oct 14 was $375,000. This represents an increase of 5%, or $18,000, compared to the prior quarter and an increase of 8.7% compared to the prior year. Sales prices have appreciated 43% over the last 5 years in Miami Beach. The average listing price for Miami Beach homes for sale on Trulia was $1,453,229 for the week ending Oct 15, which represents an increase of 0.4%, or $5,331, compared to the prior week and a decline of 7.3%, or $113,917, compared to the week ending Sep 24. Average price per square foot for Miami Beach FL was $449, an increase of 4.2% compared to the same period last year. Popular neighborhoods in Miami Beach include Oceanfront, Flamingo / Lummus, North Shores, South Pointe, Normandy Isles, and West Avenue.

Average Listing Price in Miami Beach

 

Miami Beach average property price
Miami Beach – 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 $420,669 +0.7% $417,641 $421,607 $420,878
2 bedrooms $999,260 +2.9% $970,684 $1,050,199 $1,003,615
3 bedrooms $3,113,960 +6.6% $2,920,293 $2,985,416 $2,961,930
4 bedrooms $3,941,213 -1.4% $3,997,587 $4,156,454 $3,886,887
All properties $1,453,229 +0.4% $1,447,898 $1,525,835 $1,567,146
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Average Price Per Sqft. for Homes in Miami Beach

 

1 yr 5 yr Max
Miami Beach average price per square foot
No. Bedrooms Jul - Oct '14 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom $378 -0.8% $405 $381 $298
2 bedrooms $501 +5.0% $579 $477 $356
3 bedrooms $555 -7.8% $732 $602 $427
4 bedrooms $538 +17.5% $1,271 $458 $373
All properties $449 +4.2% $516 $431 $322
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Popular Neighborhoods in Miami Beach


Neighborhoods Week ending
Oct 15
w-o-w Week ending
Oct 8
Week ending
Oct 1
Oceanfront 1 1 2
Flamingo / Lummus 2 +1 3 3
North Shores 3 -1 2 1
South Pointe 4 +1 5 4
Normandy Isles 5 -1 4 6
West Avenue 6 6 5
Homes for Sale in Miami Beach
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