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 Apr - Jul '14 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom $260,000 +9.2% $242,500 $238,000 $197,000
2 bedrooms $565,000 +13.7% $545,000 $496,900 $356,500
3 bedrooms $1,300,000 +34.7% $1,050,000 $965,000 $642,500
4 bedrooms $1,250,000 +2.0% $1,350,000 $1,225,000 $995,000
All properties $350,000 +6.1% $318,649 $330,000 $258,500
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Summary for Miami Beach


The median sales price for homes in Miami Beach FL for Apr 14 to Jul 14 was $350,000. This represents an increase of 9.8%, or $31,351, compared to the prior quarter and an increase of 6.1% compared to the prior year. Sales prices have appreciated 35.4% over the last 5 years in Miami Beach. The average listing price for Miami Beach homes for sale on Trulia was $1,451,472 for the week ending Jul 02, which represents a decline of 0.6%, or $8,040, compared to the prior week and an increase of 5.3%, or $73,451, compared to the week ending Jun 11. Average price per square foot for Miami Beach FL was $513, an increase of 16.3% compared to the same period last year. Popular neighborhoods in Miami Beach include Oceanfront, Flamingo / Lummus, North Shores, West Avenue, South Pointe, and La Gorce.

Average Listing Price in Miami Beach

 

Miami Beach average property price
Miami Beach – number of properties
No. Bedrooms Week ending
Jul 2
w-o-w Week ending
Jun 25
Week ending
Jun 18
Week ending
Jun 11
1 bedroom $413,520 +0.5% $411,507 $413,021 $400,935
2 bedrooms $918,411 -5.0% $966,806 $984,057 $898,428
3 bedrooms $2,862,001 +4.1% $2,748,231 $2,844,547 $2,664,396
4 bedrooms $3,408,759 -8.0% $3,703,627 $3,725,449 $3,831,916
All properties $1,451,472 -0.6% $1,459,512 $1,451,188 $1,378,021
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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 Apr - Jul '14 y-o-y 3 months prior 1 year prior 5 years prior
1 bedroom $386 +9.0% $375 $354 $272
2 bedrooms $577 +2.9% $516 $561 $333
3 bedrooms $744 +20.0% $597 $620 $465
4 bedrooms $1,253 +153.6% $492 $494 $557
All properties $513 +16.3% $439 $441 $312
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Popular Neighborhoods in Miami Beach


Neighborhoods Week ending
Jul 2
w-o-w Week ending
Jun 25
Week ending
Jun 18
Oceanfront 1 1 1
Flamingo / Lummus 2 2 2
North Shores 3 3 3
West Avenue 4 4 6
South Pointe 5 5 4
La Gorce 6 6 5
Homes for Sale in Miami Beach
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