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

+$80,000(+13.4%)

Key Takeaway

The list price of homes in South Miami has increased by 13.4% 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 $197.4K$209K+5.8%
2 $269K$420K+56.1%
3 $539K$606.5K+12.5%
4 $824K$894K+8.5%
5+ $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 2021May 2021%
7475+1.4%

Homes For Sale By Bedroom Count

# BEDSApr 2021May 2021%
1 56+20.0%
2 1822+22.2%
3 1415+7.1%
4 1617+6.3%
5+ 2115-28.6%

Asking Price vs. Sold Price

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Key Takeaway

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Average Listing Age

May 2020May 2021%
185 Days97 Days-47.3%

Breakdown of Home Sale Times

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About South Miami, FL

South Miami, FL has 75 homes for sale to choose from.

In May 2021 median list price was $679,000 and the average listing age was 97 days.

Listing prices have changed in this real estate market between April 2021 and May 2021: prices of 1 bedroom properties increased by 5.8%, the cost of 2 bedrooms properties went up by 56.1%, 3 bedrooms properties prices increased by 12.5%, prices of 4 bedrooms properties increased by 8.5%, 5 bedrooms properties prices increased by 27.6%.

In May 2021 in South Miami, FL there were 1.4% more homes for sale than in April 2021.

Housing inventory have changed in this real estate market: 1 bedroom homes became 20% more available, volume of 2 bedrooms homes went up by 22.2%, volume of 3 bedrooms homes went up by 7.1%, 4 bedrooms homes became 6.3% more available, 5 bedrooms homes became 28.6% less available.

While more than 4 listings in South Miami, FL in May 2021 were sold above asking price, there were more than 1 listings sold at asking price, and more than 9 were sold below.

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