Is Miami, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2021
At the same time last year, Miami was a Seller's Market.
How much do homes in Miami, FL cost?
Median Sold Price
$522,280
$473/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2021
Median Sold Price By Bedroom Count
# BEDS | Jun 2021 | Jun 2022 | % |
---|---|---|---|
1 Bedroom | $274.9K | $359.4K | +30.8% |
2 Bedrooms | $408.7K | $540.4K | +32.2% |
3 Bedrooms | $655.4K | $840.5K | +28.2% |
4 Bedrooms | $795K | $997.1K | +25.4% |
5+ Bedrooms | $1.7M | $2.3M | +29.6% |
Median Sold Price Compared To Nearby Cities
% | |
---|---|
El Portal | +36.7% |
Miami Springs | +27.9% |
Miami | +23.9% |
North Westside | +21.5% |
West Miami | +6.9% |
How many homes are available in Miami, FL?
Number of Homes For Sale
May 2022 | Jun 2022 | % |
---|---|---|
2,609 | 2,626 | +0.7% |
Homes For Sale By Bedroom Count
# BEDS | May 2022 | Jun 2022 | % |
---|---|---|---|
1 Bedroom | 657 | 661 | +0.6% |
2 Bedrooms | 985 | 974 | -1.1% |
3 Bedrooms | 585 | 562 | -3.9% |
4 Bedrooms | 239 | 266 | +11.3% |
5+ Bedrooms | 143 | 163 | +14.0% |
Number of Homes Sold
May 2022 | Jun 2022 | % |
---|---|---|
556 | 428 | -23.0% |
Asking Price vs. Sold Price
235 Homes Were Sold
Under Asking
80 Homes Were Sold
At Asking
113 Homes Were Sold
Over Asking
Average Sale Time
Jun 2021 | Jun 2022 | % |
---|---|---|
102 Days | 66 Days | -35.5% |
Breakdown of Home Sale Times
246 Homes Were Sold
Under 30 Days
119 Homes Were Sold
In 30 - 90 Days
62 Homes Were Sold
Over 90 Days