How much do homes in South Miami, FL cost?
Median List Price
$679,000
Based on all homes listed in the last 12 months.
Difference Since May 2020
Key Takeaway
The list price of homes in South Miami has increased by 13.4% since last year.
Housing Market Conditions
Key Takeaway
South Miami is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Unlock the Full Report
Get access to the MLS sold listings data for a full picture of the South Miami, FL market.
Unlock For FreeNoteworthy Homes Listed
Median List Price By Bedroom Count
| # BEDS | May 2020 | May 2021 | % |
|---|---|---|---|
| 1 Bedroom | $197.4K | $209K | +5.8% |
| 2 Bedrooms | $269K | $420K | +56.1% |
| 3 Bedrooms | $539K | $606.5K | +12.5% |
| 4 Bedrooms | $824K | $894K | +8.5% |
| 5+ Bedrooms | $1.6M | $2.1M | +27.6% |
Median List Price Compared To Nearby Cities
| % | |
|---|---|
| Kendall-Palmetto Bay | +23.2% |
| Pinecrest | +21.4% |
| Coral Gables | +20.9% |
| South Miami | +13.4% |
How many homes are available in South Miami, FL?
Number of Homes For Sale
| Apr 2021 | May 2021 | % |
|---|---|---|
| 74 | 75 | +1.4% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2021 | May 2021 | % |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 18 | 22 | +22.2% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 21 | 15 | -28.6% |
Asking Price vs. Sold Price
Key Takeaway
If you're buying a home in South Miami, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Unlock the Full Report
Get access to the MLS sold listings data for a full picture of the South Miami, FL market.
Unlock For FreeAverage Listing Age
| May 2020 | May 2021 | % |
|---|---|---|
| 185 Days | 97 Days | -47.3% |
Breakdown of Home Sale Times
Key Takeaway
Many homes in South Miami are selling fast, if you're buying plan to act quickly.
Unlock the Full Report
Get access to the MLS sold listings data for a full picture of the South Miami, FL market.
Unlock For Free
© 2021 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.