Is Miami Beach, 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 Beach was a Seller's Market.
How much do homes in Miami Beach, FL cost?
Median Sold Price
$541,903
$532/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 | $268.7K | $299.4K | +11.4% |
2 Bedrooms | $571.6K | $665K | +16.3% |
3 Bedrooms | $1.5M | $1.8M | +20.8% |
4 Bedrooms | $2.0M | $2.7M | +32.5% |
5+ Bedrooms | $5.5M | $6.0M | +9.1% |
Median Sold Price Compared To Nearby Cities
% | |
---|---|
Miami Shores | +34.4% |
Surfside | +29.9% |
North Bay Village | +16.2% |
Miami Beach | -6.2% |
How many homes are available in Miami Beach, FL?
Number of Homes For Sale
May 2022 | Jun 2022 | % |
---|---|---|
1,462 | 1,431 | -2.1% |
Homes For Sale By Bedroom Count
# BEDS | May 2022 | Jun 2022 | % |
---|---|---|---|
1 Bedroom | 559 | 516 | -7.7% |
2 Bedrooms | 521 | 519 | -0.4% |
3 Bedrooms | 168 | 176 | +4.8% |
4 Bedrooms | 105 | 103 | -1.9% |
5+ Bedrooms | 109 | 117 | +7.3% |
Number of Homes Sold
May 2022 | Jun 2022 | % |
---|---|---|
290 | 201 | -30.7% |
Asking Price vs. Sold Price
128 Homes Were Sold
Under Asking
39 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Average Sale Time
Jun 2021 | Jun 2022 | % |
---|---|---|
124 Days | 70 Days | -43.6% |
Breakdown of Home Sale Times
81 Homes Were Sold
Under 30 Days
69 Homes Were Sold
In 30 - 90 Days
49 Homes Were Sold
Over 90 Days