Is Miami, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Miami is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Miami has remained a Seller's Market.

Key Takeaway

Miami is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Miami, OK

How much do homes in Miami, OK cost?

Median Sold Price

$122,700

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$22,500(-15.5%)

Key Takeaway

Homes in Miami have sold for 15.5% less than they did a year ago.

Summary: The median home sold price in Miami was $122,700 in April 2024, down 15.5% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $27.5K$152.5K
+454.5%
3 $127.2K$102.5K
-19.4%
4 $159.7K$195K
+22.1%
5+ --
N/A

Summary: Miami housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 454.5%, 3 bedroom homes decreased by 19.4%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes did not change.

Housing Supply in Miami, OK

How many homes are available in Miami, OK?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
19190.0%

Summary: The Miami real estate market had 19 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 33
0.0%
2 24
+100.0%
3 97
-22.2%
4 44
0.0%
5+ 11
0.0%

Summary: The Miami housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Miami, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Miami in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Miami, OK

How long does it take to sell a home in Miami, OK?

Average Sale Time

Apr 2023Apr 2024CHANGE
72 Days22 Days-69.1%

Summary: Homes in Miami had an average of 22 days on market in Apr 2024, down by 69.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Miami are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 4 homes were sold in Miami; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

Newest Listings in Miami, OK

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