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Miami Market Trends

Today, November 7, 2009

Median Sales Price in Miami

Embed Info
1 yr 5 yr Max
Miami median sales prices
Number of sold homes in Miami
No. BedroomsJul - Sep '09y-o-y3 months prior1 year prior5 years prior
1 bedroom$100,000-39.4%$98,950$165,000$139,000
2 bedrooms$129,250-29.4%$122,450$183,000$159,900
3 bedrooms$161,950-33.1%$170,000$242,000$215,100
4 bedrooms$228,300-23.9%$225,000$300,000$275,000
All properties$175,900-41.7%$177,000$301,900$210,000
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Miami Summary

The median sales price for homes in Miami FL for Jul 09 to Sep 09 was $175,900. This represents a decline of 0.6%, or $1,100, compared to the prior quarter and a decrease of 41.7% compared to the prior year. Sales prices have depreciated 16.2% over the last 5 years in Miami.

The average listing price for Miami homes for sale on Trulia was $429,157 for the week ending Oct 28, which represents an increase of 1.9%, or $8,039, compared to the prior week and an increase of 0.6%, or $2,484, compared to the week ending Oct 07. Average price per square foot for Miami FL was $131, a decrease of 47.4% compared to the same period last year. Popular neighborhoods in Miami include Coral Way, Upper East Side, Northeast Coconut Grove, Wynwood - Edgewater, 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
Oct 28
w-o-wWeek ending
Oct 21
Week ending
Oct 14
Week ending
Oct 7
1 bedroom$174,312-5.1%$183,605$181,970$182,642
2 bedrooms$285,302-1.0%$288,231$286,906$300,819
3 bedrooms$367,754+1.6%$361,809$348,931$370,124
4 bedrooms$549,310+4.6%$525,374$514,949$544,164
All properties$429,157+1.9%$421,118$439,098$426,673
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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. BedroomsJul - Sep '09y-o-y3 months prior1 year prior5 years prior
1 bedroom$144-43.7%$141$256$210
2 bedrooms$134-37.4%$130$214$173
3 bedrooms$128-36.0%$118$200$150
4 bedrooms$111-63.0%$109$300$140
All properties$131-47.4%$128$249$159
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Popular Neighborhoods in Miami

Neighborhoods Week ending
Oct 28
w-o-w Week ending
Oct 21
Week ending
Oct 14
Coral Way 1 — 1 1
Upper East Side 2 — 2 2
Northeast Coconut Grove 3 — 3 3
Wynwood - Edgewater 4 — 4 4
Southwest Coconut Grove 5 — 5 5
Flagami 6 — 6 6

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

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  • Allapattah
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  • Downtown Miami
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  • 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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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.