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Miami Real Estate Overview

Today, November 23, 2009

Market View for Miami

Info
Avg. Listing Price $435,513 Wk ending Nov 18
+$4,697
+1.1%
w-o-w
Median Sales Price $165,000 Aug '09 - Oct '09
-$123,400
-42.8%
y-o-y
15,180Homes For Sale 2Open Homes
8,419Recently Sold 8,793Foreclosures

Market Trends for Miami

Embed Info
Listing price – Miami
Average Listing Price
$435,513
+1.1%
w-o-w
Median Sales Price
$165,000
-42.8%
y-o-y
Average price/sqft
$131
-43.8%
y-o-y
Number of Sales
3,834
-1.3%
y-o-y
More Miami Market Trends
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Home Prices for Miami

Info
google map tile
Most popular
neighborhoods
Avg. listing price
Week ending Nov 18
 
w-o-w

Coral Way
$490,688
+0.3%
Upper East Side
$599,296
-0.6%
Wynwood - Edgewater
$337,751
+6.6%
Northeast Coconut Grove
$826,886
-1.5%
Southwest Coconut Grove
$1,054,707
-3.3%
 
Movers & Shakers
Avg. listing price
Week ending Nov 18
 
w-o-w

Wynwood - Edgewater
$337,751
+6.6%
Little Haiti
$191,910
+4.8%
Flagami
$155,312
+3.7%
Downtown Miami
$983,758
+3.6%
Southwest Coconut Grove
$1,054,707
-3.3%
 
View Miami Home Prices Map
 

Miami Summary

Average price per square foot for Miami FL was $131, a decrease of 43.8% compared to the same period last year. The median sales price for homes in Miami FL for Aug 09 to Oct 09 was $165,000 based on 3,834 home sales. Compared to the same period one year ago, the median home sales price decreased 42.8%, or $123,400, and the number of home sales decreased 1.3%.

There are currently 15,180 resale and new homes in Miami on Trulia, including 2 open houses, as well as 8,793 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Miami FL was $435,513 for the week ending Nov 18, which represents an increase of 1.1%, or $4,697, compared to the prior week. Popular neighborhoods in Miami include Coral Way and Upper East Side, with average listing prices of $490,688 and $599,296.

 

Community Info for Miami

Info
More Miami Community Info

Homes for Sale in Miami

820 Northwest 87th Avenue, Miami FL
820 NW 87th…
$99,000
2 br  2 ba
4008 Estepona Avenue #3d4, Miami FL
4008 Estep…
$189,900
2 br  2 ba
7660 Southwest 82nd Street #H210, Miami FL
7660 SW 82…
$49,900
2 br  1 ba
15472 Southwest 36th Terrace, Miami FL
15472 SW 3…
$389,000
3 br  2 ½ ba
15925 Southwest 105th Court, Miami FL
15925 SW 1…
$87,500
3 br  2 ba
20375 Southwest 114th Place, Miami FL
20375 SW 1…
$62,750
3 br  2 ba
View all Miami Homes for Sale
 
Stats & Trends
Miami

Real Estate Overview

Market Trends

Home Prices Map

Community Info

Neighborhoods

Coral Way

Upper East Side

View more neighborhoods or ZIPs
  • Allapattah
  • Coral Way
  • Downtown Miami
  • East Little Havana
  • Flagami
  • Little Haiti
  • Model City
  • Northeast Coconut Grove
  • Overtown
  • Southwest Coconut Grove
  • Star, Palm and Hibiscus Islands
  • Upper East Side
  • West Little Havana
  • Wynwood - Edgewater
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Nearby Cities

Cities
Median
sales price
Average
listing price
Coconut Grove
$460,000
$948,996
Coral Gables
$468,500
$1,622,160
El Portal
$168,000
$314,756
Miami Shores
$215,000
$559,244
Miami Beach
$288,000
$1,001,363
Key Biscayne
$735,000
$1,766,149

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About this Info
Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.
Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources. The Median Sales Price is the price at which one-half of the homes sold for more than that amount and one-half of the homes sold for less than that amount.
Homes for Sale includes resale and new homes on Trulia.
Recently Sold is a count of all known arms-length residential sales in the last 9 months according to public records.
Open Homes refers to listings on Trulia with scheduled open house times.
Foreclosures includes properties in the pre-foreclosure, auction, and bank-owned stages of the foreclosure process.
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About this Info
Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.
Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources. The Median Sales Price is the price at which one-half of the homes sold for more than that amount and one-half of the homes sold for less than that amount.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. All sales figures are compared to the same period one year prior.
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About this Info
Most Popular Neighborhoods are calculated each week based on search behavior on the Trulia website.
Movers 'n Shakers are selected based on the week-over-week percentage change in Average Listing Price.
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