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Miami Market Report

$841,942

AVERAGE PRICE OF 11,458 HOMES

$332,462

AVERAGE PRICE OF 404 DISTRESSED HOMES

$3,184,119

AVERAGE PRICE OF 1,778 MULTI-MILLION DOLLAR HOMES

$1,156,825

AVERAGE PRICE OF 1,198 NEWLY BUILT HOMES

$1,285,067

AVERAGE PRICE OF 1,345 HOMES WITH A POOL

$689,857

AVERAGE PRICE OF 198 REDUCED PRICE HOMES

Average Home

Average Price $841,942
Avg Bedrooms 2.13 beds
Avg Bathrooms 2.02 baths

Average Price by Bedrooms

1 bedroom $343,047
2 bedrooms $504,113
3 bedrooms $653,114
4 bedrooms $903,315
5 bedrooms $1,396,397
Miami Home Price Trends
  4/2020 3/2020 2/2020 1/2020 12/2019
Total Listings 11,005 12,010 11,945 11,623 12,157
Average Price $861,013 $852,155 $845,129 $786,699 $759,028
Avg Price Change +1.04% +0.83% +7.43% +3.65% n/a
Median Price $432,232 $432,376 $425,150 $422,616 $420,392
Med Price Change -0.03% +1.70% +0.60% +0.53% n/a
Avg Bedrooms 2.12 beds 2.13 beds 2.15 beds 2.14 beds 2.14 beds
Avg Bathrooms 2.02 baths 2.03 baths 2.03 baths 2.03 baths 2.02 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Coral Gables 151 $1,361,008 110 days
Miami Killian 101 $502,030 78 days
Miami Senior 104 $672,019 113 days
South Miami 113 $530,598 103 days
Washington; Brooker T 211 $591,047 117 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 11,458 $841,942 116 days
Distressed Homes 404 $332,462 111 days
Multi-Million Dollar Homes 1,778 $3,184,119 133 days
Newly Built Homes 1,198 $1,156,825 125 days
Homes with a Pool 1,345 $1,285,067 110 days
Reduced Price Homes 198 $689,857 100 days
Cacophony Group
Raul Pineyro
2400 W 84th ST Suite 11
Hialeah, FL 33016
305-267-7777

The multiple listing information is provided by MIAMI Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listingare © 2018 MIAMI Association of Realtors®. All Rights Reserved.
The information provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.