Miami, FL Home Values & Market Trends
Real estate market trends reflect that there have been 15,767 transactions over the past year in Miami. The median value for residential home transactions that occurred over the previous year is $568,808.23. The number of current listings in Miami is 1,460, and the percentage of properties for sale in the city is 1460.00%. Miami, FL currently has 3,822 properties in foreclosure, 15 bank owned properties, 211 properties headed for auction, and 1,460 properties for sale.
Miami, FL Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 33180 | $ 560,378 $ 414/sqft | 33127 | $ 800,400 $ 625/sqft |
| 33131 | $ 720,000 $ 702/sqft | 33196 | $ 529,950 $ 344/sqft |
| 33132 | $ 639,000 $ 660/sqft | 33126 | $ 330,438 $ 348/sqft |
| 33137 | $ 752,500 $ 737/sqft | 33150 | $ 540,000 $ 426/sqft |
| 33179 | $ 256,500 $ 254/sqft | 33142 | $ 467,400 $ 335/sqft |
| 33133 | $ 1,699,000 $ 853/sqft | 33155 | $ 784,000 $ 448/sqft |
| 33178 | $ 560,000 $ 382/sqft | 33185 | $ 849,624 $ 374/sqft |
| 33130 | $ 671,850 $ 613/sqft | 33168 | $ 524,900 $ 360/sqft |
| 33157 | $ 832,000 $ 395/sqft | 33135 | $ 696,373 $ 452/sqft |
| 33134 | $ 825,000 $ 563/sqft | 33183 | $ 336,775 $ 299/sqft |
| 33138 | $ 642,288 $ 445/sqft | 33146 | $ 1,702,000 $ 890/sqft |
| 33156 | $ 2,999,499 $ 767/sqft | 33173 | $ 630,000 $ 387/sqft |
| 33181 | $ 417,456 $ 300/sqft | 33189 | $ 619,500 $ 336/sqft |
| 33176 | $ 990,000 $ 425/sqft | 33190 | $ 535,000 $ 293/sqft |
| 33143 | $ 2,166,553 $ 744/sqft | 33167 | $ 475,643 $ 347/sqft |
| 33166 | $ 667,500 $ 539/sqft | 33187 | $ 710,000 $ 286/sqft |
| 33145 | $ 750,000 $ 482/sqft | 33144 | $ 701,250 $ 393/sqft |
| 33161 | $ 623,897 $ 352/sqft | 33170 | $ 679,900 $ 374/sqft |
| 33177 | $ 600,152 $ 392/sqft | 33174 | $ 514,878 $ 348/sqft |
| 33129 | $ 737,000 $ 628/sqft | 33158 | $ 1,499,000 $ 540/sqft |
| 33175 | $ 849,900 $ 428/sqft | 33184 | $ 641,343 $ 381/sqft |
| 33162 | $ 541,000 $ 454/sqft | 33182 | $ 759,828 $ 380/sqft |
| 33169 | $ 452,289 $ 274/sqft | 33128 | $ 165,000 $ 354/sqft |
| 33172 | $ 287,500 $ 263/sqft | 33136 | $ 565,434 $ 488/sqft |
| 33147 | $ 507,462 $ 359/sqft | 33122 | $ 1,798,157 $ 468/sqft |
| 33165 | $ 768,967 $ 388/sqft | 33194 | $ 1,172,758 $ 372/sqft |
| 33125 | $ 501,200 $ 383/sqft | 33261 | $ -- $ -- |
| 33186 | $ 619,500 $ 374/sqft | 33199 | $ -- $ -- |
| 33193 | $ 539,900 $ 336/sqft | 33191 | $ -- $ -- |
Housing Market Summary for Miami, FL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $639.5K | $552.5K | -13.61% |
| Median Sold Price | $520.9K | $552.5K | 6.06% |
| Homes For Sale | 1,233 | 1,468 | 19.06% |
| Homes Sold | 10,501 | 9,510 | -9.44% |
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, FL
Browse Homes in Miami, FL
Miami home values range from $21,878 to $91,246,969. The median estimated value of a home in Miami is $568,808.23. The median list price of a home is 669,250, and the total count of properties in the city is 390,110.
- Pre-ForeclosurePre-foreclosure homes account for 0.92% of all residential properties in Miami, FL with 33178 containing 246 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 58 zips within Miami, FL; of those zips, the estimated home value for pre-foreclosure homes ranges from $6,507,190 in 33146 to the lowest home value of $45,927 in 33129.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Miami, FL ranges from the highest value of $263,697 in 33133 to the lowest value of $160,243 in 33179. Bank owned homes and properties account for 0.00% of properties in Miami, FL. There are 58 zips within Miami, FL; 33150 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions33157 has 18 auction properties, the highest number of properties going to auction in a single zip in the state of Miami, FL. Auction homes and other auction properties account for 0.05% of all properties in Miami, FL. There are 58 zips within Miami, FL; of those zips, the median estimated home value for homes going to auction ranges from $2,273,291 in 33146 to the lowest value of $112,718 in 33146.
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Guide for Miami, FL
Miami’s real estate market is on an upward trend, with the average property value and selling price per square foot increasing from 2023 to 2024. The surrounding cities’ markets vary, with some offering more affordable options. The data suggests a healthy investment opportunity, especially in the high-demand for-sale market.
The Hialeah real estate market has displayed a significant upward trajectory from March 2023 to February 2024. This growth, accompanied by a strong demand and investor interest, highlights Hialeah’s economic stability and the persistent appeal of its real estate market, making it favorable for both homebuyers and investors.
This blog post provides an in-depth analysis of the real estate market trends in Jacksonville, Florida and nearby areas based on key metrics such as average property values, sold prices per square foot, and property counts. The data reveals a dynamic marketplace with fluctuating property values and varying sold prices per square foot.
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