Miami, FL Home Values & Market Trends

Real estate market trends reflect that there have been 15,008 transactions over the past year in Miami. The median value for residential home transactions that occurred over the previous year is $568,808.46. The number of current listings in Miami is 1,492, and the percentage of properties for sale in the city is 1492.00%. Miami, FL currently has 3,838 properties in foreclosure, 16 bank owned properties, 207 properties headed for auction, and 1,492 properties for sale.

Miami, FL Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
33180

$ 542,434

$ 426/sqft

33193

$ 405,949

$ 324/sqft

33131

$ 754,970

$ 756/sqft

33126

$ 349,995

$ 361/sqft

33132

$ 644,674

$ 668/sqft

33142

$ 450,000

$ 320/sqft

33137

$ 759,682

$ 711/sqft

33155

$ 675,000

$ 419/sqft

33133

$ 1,573,800

$ 818/sqft

33150

$ 536,000

$ 422/sqft

33179

$ 219,900

$ 227/sqft

33196

$ 612,663

$ 343/sqft

33130

$ 651,057

$ 599/sqft

33189

$ 562,196

$ 318/sqft

33157

$ 798,500

$ 403/sqft

33185

$ 845,000

$ 402/sqft

33178

$ 549,000

$ 359/sqft

33168

$ 545,191

$ 383/sqft

33134

$ 858,044

$ 583/sqft

33187

$ 740,492

$ 284/sqft

33176

$ 929,764

$ 421/sqft

33183

$ 375,979

$ 319/sqft

33138

$ 1,100,000

$ 664/sqft

33135

$ 710,836

$ 425/sqft

33156

$ 2,665,000

$ 794/sqft

33146

$ 873,343

$ 857/sqft

33186

$ 589,216

$ 356/sqft

33167

$ 550,000

$ 359/sqft

33181

$ 302,060

$ 276/sqft

33173

$ 704,500

$ 414/sqft

33166

$ 679,000

$ 505/sqft

33174

$ 640,000

$ 357/sqft

33177

$ 618,882

$ 375/sqft

33190

$ 534,000

$ 300/sqft

33161

$ 580,013

$ 349/sqft

33158

$ 1,611,500

$ 560/sqft

33162

$ 544,814

$ 419/sqft

33144

$ 670,066

$ 402/sqft

33127

$ 832,234

$ 616/sqft

33170

$ 639,950

$ 363/sqft

33143

$ 2,696,500

$ 775/sqft

33182

$ 751,152

$ 347/sqft

33175

$ 750,000

$ 419/sqft

33184

$ 680,000

$ 350/sqft

33165

$ 679,401

$ 399/sqft

33136

$ 480,032

$ 358/sqft

33125

$ 498,000

$ 394/sqft

33194

$ 883,016

$ 363/sqft

33169

$ 485,000

$ 275/sqft

33128

$ 478,490

$ 443/sqft

33172

$ 329,000

$ 292/sqft

33122

$ 1,864,350

$ 486/sqft

33129

$ 857,995

$ 626/sqft

33261

$ --

$ --

33145

$ 830,000

$ 522/sqft

33199

$ --

$ --

33147

$ 470,000

$ 389/sqft

33191

$ --

$ --

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Housing Market Summary for Miami, FL

May 2023April 2024Change
Median Listing Price$643.5K$573.4K-10.90%
Median Sold Price$522.5K$573.4K9.73%
Homes For Sale1,2431,48819.71%
Homes Sold10,2479,881-3.57%
Price
$/Sqft
Homes For Sale
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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%.

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Browse Homes in Miami, FL

Miami home values range from $22,010 to $90,414,818. The median estimated value of a home in Miami is $568,808.46. The median list price of a home is 669,250, and the total count of properties in the city is 390,133.

Foreclosure
There are 58 zips within Miami, FL; within these zips, the median estimated home value for homes in foreclosure ranges from $1,277,870 in 33129 to the lowest value of $30,015 in 33129. Foreclosure homes account for 0.00% of properties in Miami, FL with 33178 containing 256 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.93% of all residential properties in Miami, FL with 33178 containing 249 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 $5,500,000 in 33146 to the lowest home value of $30,015 in 33129.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Miami, FL ranges from the highest value of $267,576 in 33138 to the lowest value of $168,311 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.
  • Auctions
    33169 has 15 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 $753,328 in 33122 to the lowest value of $110,880 in 33122.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.38% of residential properties in Miami, FL with 33180 containing 182 homes for sale, the highest number of listed properties in a single zip. There are 58 zips within Miami, FL; homes for sale in those zips, have a range of median values from $1,928,700 in 33122 to the lowest value of $80,872 in 33125.
    Sold Homes
    The median value for recently sold homes ranges from $2,396,250 in 33122 to the lowest price of $22,010 in 33122. There are 58 zips within Miami, FL. 33180 has 500 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.35% of properties in Miami, FL.

      Compare Nearby Cities

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      Miami, FL
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      Guide for Miami, FL

      Fix and Flip
      Miami Real Estate Market Thrives: Property Values and Sales Grow in 2023
      Fix and Flip
      Tampa Real Estate Market Soars: Average Property Value Climbs to $440K by April 2024
      Fix and Flip
      Orlando Real Estate Slips to $395K in March Amidst Regional Upticks
      Market Reports
      Montgomery Housing Market Sees 8% Dip in Property Values: A Comparative Analysis with Surrounding Cities”
      See More Articles
      Miami Real Estate Market Thrives: Property Values and Sales Grow in 2023
      Fix and Flip|posted 8 February 2024

      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.

      Tampa Real Estate Market Soars: Average Property Value Climbs to $440K by April 2024
      Fix and Flip|posted 9 May 2024

      Tampa’s real estate market demonstrated steady growth from May 2023 to April 2024, with rising property values and robust sales volumes. Comparative data also highlights Tampa’s appeal over neighboring cities.

      Orlando Real Estate Slips to $395K in March Amidst Regional Upticks
      Fix and Flip|posted 29 April 2024

      Orlando’s real estate market has seen fluctuations with average property values and sale prices, with potential impacts from broader economic factors. Nearby cities show varied trends, potentially benefitting from urban sprawl or increased investment.

      Montgomery Housing Market Sees 8% Dip in Property Values: A Comparative Analysis with Surrounding Cities”
      Market Reports|posted 10 April 2024

      The blog post discusses the fluctuating real estate market in Montgomery, Alabama, comparing its property values, cost per square foot, and market activity with neighboring cities, revealing the dynamic nature of regional real estate.