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.
Key Takeaway
Miami Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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
-$35,823(-6.2%)
Key Takeaway
Homes in Miami Beach have sold for 6.2% less than they did a year ago.
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
Key Takeaway
If you're buying a home in Miami Beach, you may be able to get a good deal. 63.7% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Miami Beach are selling fast, if you're buying plan to act quickly.
© 2022 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
All listings featuring the RAPB+GFLR logo are provided by Realtors® of the Palm Beaches and Greater Fort Lauderdale Inc. This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2022 Realtors® of the Palm Beaches and Greater Fort Lauderdale Multiple Listing Service, Inc.
The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.