Miami Beach, FL Home Values & Market Trends
Real estate market trends reflect that there have been 2,867 transactions over the past year in Miami Beach. The median value for residential home transactions that occurred over the previous year is $557,188.71. The number of current listings in Miami Beach is 425, and the percentage of properties for sale in the city is 425.00%. Miami Beach, FL currently has 369 properties in foreclosure, 4 bank owned properties, 18 properties headed for auction, and 425 properties for sale.
Miami Beach, FL Real Estate Market Overview
Housing Market Summary for Miami Beach, FL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $554.4K | $538K | -2.96% |
| Median Sold Price | $489K | $538K | 10.02% |
| Homes For Sale | 337 | 426 | 26.41% |
| Homes Sold | 1,705 | 1,366 | -19.88% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Miami Beach, FL
Browse Homes in Miami Beach, FL
Miami Beach home values range from $22,210 to $123,773,245. The median estimated value of a home in Miami Beach is $557,188.71. The median list price of a home is 550,000, and the total count of properties in the city is 50,727.
- Pre-ForeclosurePre-foreclosure homes account for 0.68% of all residential properties in Miami Beach, FL with 33139 containing 157 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 5 zips within Miami Beach, FL; of those zips, the estimated home value for pre-foreclosure homes ranges from $48,913,529 in 33109 to the lowest home value of $135,201 in 33139.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Miami Beach, FL ranges from the highest value of $813,808 in 33139 to the lowest value of $372,829 in 33141. Bank owned homes and properties account for 0.01% of properties in Miami Beach, FL. There are 5 zips within Miami Beach, FL; 33141 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions33141 has 9 auction properties, the highest number of properties going to auction in a single zip in the state of Miami Beach, FL. Auction homes and other auction properties account for 0.04% of all properties in Miami Beach, FL. There are 5 zips within Miami Beach, FL; of those zips, the median estimated home value for homes going to auction ranges from $1,875,000 in 33140 to the lowest value of $198,931 in 33140.
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More Real Estate Resources for Miami Beach, FL
Guide for Miami Beach, FL
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