How much do homes in Miami Shores, FL cost?

Median List Price

$723,483

Based on all homes listed in the last 12 months.

Difference Since May 2020

+$124,483(+20.8%)

Key Takeaway

The list price of homes in Miami Shores has increased by 20.8% since last year.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSMay 2020May 2021%
1 $139.7K$145K+3.8%
2 $450K$459K+2.0%
3 $598.5K$699K+16.8%
4 $875K$949K+8.5%
5+ $822K$2.2M+173.6%

Median List Price Compared To Nearby Cities

Miami Shores
+20.8%
El Portal
+16.3%
Miami
+14.9%
Miami Beach
+11.5%
Biscayne Park
+3.8%

How many homes are available in Miami Shores, FL?

Number of Homes For Sale

Apr 2021May 2021%
10593-11.4%

Homes For Sale By Bedroom Count

# BEDSApr 2021May 2021%
1 01+100.0%
2 2419-20.8%
3 3736-2.7%
4 2923-20.7%
5+ 1514-6.7%

Asking Price vs. Sold Price

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Key Takeaway

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Average Listing Age

May 2020May 2021%
189 Days87 Days-53.7%

Breakdown of Home Sale Times

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About Miami Shores, FL

Homes for sale in Miami Shores, FL have reached 93.

In May 2021 median list price was $723,483 and the average listing age was 87 days.

Real estate listing prices changed between April 2021 and May 2021: prices of 1 bedroom properties went up by 3.8%, prices of 2 bedrooms properties went up by 2%, prices of 3 bedrooms properties increased by 16.8%, 4 bedrooms properties became 8.5% more expensive, prices of 5 bedrooms properties increased by 173.6%.

In May 2021 in Miami Shores, FL there were 11.4% less homes for sale than in April 2021.

The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes went up by 100%, 2 bedrooms homes inventory decreased by 20.8%, the quantity of 3 bedrooms homes went down by 2.7%, number of 4 bedrooms homes decreased by 20.7%, the quantity of 5 bedrooms homes went down by 6.7%.

In May 2021, from all listings sold in Miami Shores, FL there were more than 2 sold above asking price, over 11 sold below and more than 6 were sold right at the asked price.

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