Is South Miami, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2021
Since last year, South Miami has remained a Seller's Market.
How much do homes in South Miami, FL cost?
Median Sold Price
$792,500
$438/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 | $280K | $223K | -20.4% |
2 Bedrooms | $400K | $475K | +18.8% |
3 Bedrooms | $610K | $785K | +28.7% |
4 Bedrooms | $875K | $960K | +9.7% |
5+ Bedrooms | $1.6M | $2.3M | +40.7% |
Median Sold Price Compared To Nearby Cities
% | |
---|---|
Coral Gables | +18.5% |
South Miami | +18.1% |
Pinecrest | +8.9% |
Kendall-Palmetto Bay | +6.8% |
How many homes are available in South Miami, FL?
Number of Homes For Sale
May 2022 | Jun 2022 | % |
---|---|---|
54 | 58 | +7.4% |
Homes For Sale By Bedroom Count
# BEDS | May 2022 | Jun 2022 | % |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 23 | 18 | -21.7% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 7 | 15 | +114.3% |
Number of Homes Sold
May 2022 | Jun 2022 | % |
---|---|---|
11 | 17 | +54.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Average Sale Time
Jun 2021 | Jun 2022 | % |
---|---|---|
40 Days | 14 Days | -64.8% |
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days