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Miami Real Estate Overview

Today, November 7, 2009

Market View for Miami

Info
Avg. Listing Price $429,157 Wk ending Oct 28
+$8,039
+1.9%
w-o-w
Median Sales Price $175,900 Jul '09 - Sep '09
-$126,000
-41.7%
y-o-y
14,686Homes For Sale 7Open Homes
8,034Recently Sold 9,460Foreclosures

Market Trends for Miami

Embed Info
Listing price – Miami
Average Listing Price
$429,157
+1.9%
w-o-w
Median Sales Price
$175,900
-41.7%
y-o-y
Average price/sqft
$131
-47.4%
y-o-y
Number of Sales
4,211
+4.4%
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 Oct 28
 
w-o-w

Coral Way
$519,031
+1.0%
Upper East Side
$597,688
-2.0%
Northeast Coconut Grove
$888,025
+0.3%
Wynwood - Edgewater
$318,434
-8.7%
Southwest Coconut Grove
$1,082,685
+2.1%
 
Movers & Shakers
Avg. listing price
Week ending Oct 28
 
w-o-w

Allapattah
$153,347
-32.0%
Little Haiti
$185,498
-26.7%
East Little Havana
$159,592
-25.5%
Model City
$112,304
-21.8%
Flagami
$152,013
-17.4%
 
View Miami Home Prices Map
 

Miami Summary

Average price per square foot for Miami FL was $131, a decrease of 47.4% compared to the same period last year. The median sales price for homes in Miami FL for Jul 09 to Sep 09 was $175,900 based on 4,211 home sales. Compared to the same period one year ago, the median home sales price decreased 41.7%, or $126,000, and the number of home sales increased 4.4%.

There are currently 14,686 resale and new homes in Miami on Trulia, including 7 open houses, as well as 9,460 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 $429,157 for the week ending Oct 28, which represents an increase of 1.9%, or $8,039, compared to the prior week. Popular neighborhoods in Miami include Coral Way and Upper East Side, with average listing prices of $519,031 and $597,688.

 

Community Info for Miami

Info
More Miami Community Info

Homes for Sale in Miami

8167 Northwest 8th Street #3, Miami FL
8167 NW 8th…
$99,900
2 br  2 ½ ba
1885 Northeast 117th Road, Miami FL
1885 NE 11…
$600,000
3 br  2 ba
1351 Southwest 23rd Street, Miami FL
1351 SW 23…
$690,000
6 br  7 ba
10650 Northeast 10th Place, Miami FL
10650 NE 1…
$591,000
3 br  3 ba
999 Brickell Bay Drive #410, Miami FL
999 Bricke…
$84,900
2 br  1 ½ ba
418 Northwest 80th Street, Miami FL
418 NW 80th…
$289,000
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
$434,750
$943,916
Coral Gables
$438,200
$1,532,414
El Portal
$169,500
$293,218
Miami Shores
$232,250
$566,461
Miami Beach
$330,000
$998,026
Key Biscayne
$745,000
$1,724,985

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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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