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Miami Market Trends

Today, December 8, 2009

Median Sales Price in Miami

Embed Info
1 yr 5 yr Max
Miami median sales prices
Number of sold homes in Miami
No. BedroomsSep - Nov '09y-o-y3 months prior1 year prior5 years prior
1 bedroom$86,500-38.9%$109,900$141,500$155,000
2 bedrooms$120,000-29.4%$121,500$170,000$165,000
3 bedrooms$162,000-28.0%$165,000$225,000$220,000
4 bedrooms$225,000-25.0%$222,350$300,000$285,500
All properties$158,000-40.0%$185,000$263,250$215,000
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Miami Summary

The median sales price for homes in Miami FL for Sep 09 to Nov 09 was $158,000. This represents a decline of 14.6%, or $27,000, compared to the prior quarter and a decrease of 40% compared to the prior year. Sales prices have depreciated 26.5% over the last 5 years in Miami.

The average listing price for Miami homes for sale on Trulia was $436,558 for the week ending Dec 02, which represents a decline of 0.4%, or $1,711, compared to the prior week and an increase of 1.3%, or $5,742, compared to the week ending Nov 11. Average price per square foot for Miami FL was $127, a decrease of 43.8% compared to the same period last year. Popular neighborhoods in Miami include Coral Way, Upper East Side, Wynwood - Edgewater, Northeast Coconut Grove, Southwest Coconut Grove, and Flagami.

 

Average Listing Price in Miami

Embed Info
1 yr 5 yr Max
Miami average property price
Miami – number of properties
No. BedroomsWeek ending
Dec 2
w-o-wWeek ending
Nov 25
Week ending
Nov 18
Week ending
Nov 11
1 bedroom$177,995-1.3%$180,270$174,786$175,368
2 bedrooms$281,158+0.3%$280,345$279,896$280,158
3 bedrooms$370,755+0.4%$369,410$369,750$366,636
4 bedrooms$532,422+0.2%$531,123$542,095$541,682
All properties$436,558-0.4%$438,269$435,513$430,816
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Average Price Per Sqft for Homes in Miami

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1 yr 5 yr Max
Miami average price per square foot
No. BedroomsSep - Nov '09y-o-y3 months prior1 year prior5 years prior
1 bedroom$143-36.4%$146$225$221
2 bedrooms$131-37.3%$133$209$183
3 bedrooms$112-36.7%$133$177$153
4 bedrooms$111-67.5%$107$342$141
All properties$127-43.8%$132$226$165
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Popular Neighborhoods in Miami

Neighborhoods Week ending
Dec 2
w-o-w Week ending
Nov 25
Week ending
Nov 18
Coral Way 1 — 1 1
Upper East Side 2 — 2 2
Wynwood - Edgewater 3 — 3 3
Northeast Coconut Grove 4 — 4 4
Southwest Coconut Grove 5 — 5 5
Flagami 6 — 6 6

Homes for Sale in Miami

1055 Northwest 126th Court, Miami FL
1055 NW 12…
$239,000
4 br  3 ba
6500 Southwest 99th Avenue, Miami FL
6500 SW 99…
$1,499,000
4 br  4 ba
801 Northeast 91st Terrace, Miami FL
801 NE 91st…
$450,000
2 br  2 ba
262 Northwest 64th Court, Miami FL
262 NW 64th…
$189,500
3 br  1 ba
8227 Southwest 172nd Terrace, Miami FL
8227 SW 17…
$400,000
4 br  3 ba
9200 Northwest 16th Avenue, Miami FL
9200 NW 16…
$34,900
2 br  1 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
$493,000
$955,762
Coral Gables
$460,000
$1,657,702
El Portal
$168,000
$296,225
Miami Shores
$208,950
$551,347
Miami Beach
$255,000
$1,013,702
Key Biscayne
$600,000
$1,764,159

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Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
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.

Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average 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.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Median Sales Price is the price at which one half of the homes sold above that amount and one half of the homes sold below that amount. 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.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Price per Square Foot 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.