How much do homes in West Miami, FL cost?

Median List Price

$497,000

Based on all homes listed in the last 12 months.

Difference Since May 2020

+$87,525(+21.4%)

Key Takeaway

The list price of homes in West Miami has increased by 21.4% 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 --N/A
2 $359.9K$372.4K+3.5%
3 $429.2K$492.5K+14.7%
4 $550K$557.5K+1.4%
5+ $500K$649K+29.8%

Median List Price Compared To Nearby Cities

West Miami
+21.4%
Coral Gables
+20.9%
Miami
+14.9%

How many homes are available in West Miami, FL?

Number of Homes For Sale

Apr 2021May 2021%
2721-22.2%

Homes For Sale By Bedroom Count

# BEDSApr 2021May 2021%
1 000.0%
2 01+100.0%
3 2214-36.4%
4 20-100.0%
5+ 36+100.0%

Asking Price vs. Sold Price

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Average Listing Age

May 2020May 2021%
164 Days78 Days-52.0%

Breakdown of Home Sale Times

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About West Miami, FL

Homes for sale in West Miami, FL have reached 21.

In May 2021, listings were on the market for 78 days. During the same period, the median list price in this real estate market was $497,000.

Listing prices have changed in this real estate market between April 2021 and May 2021: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 3.5%, the cost of 3 bedrooms properties went up by 14.7%, 4 bedrooms properties became 1.4% more expensive, prices of 5 bedrooms properties increased by 29.8%.

The inventory of homes for sale in West Miami, FL between April 2021 and May 2021 decreased by 22.2%.

The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory increased by 100%, 3 bedrooms homes became 36.4% less available, number of 4 bedrooms homes decreased by 100%, the quantity of 5 bedrooms homes went up by 100%.

Over 2 listings were sold over their listed price in May 2021 in West Miami, FL. In the same period over 0 listings were sold below the listed price and 1 listings were sold for the listed price.

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