Is Miami Shores, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Miami Shores was a Seller's Market.
Housing Prices in Miami Shores, FL
How much do homes in Miami Shores, FL cost?
Median Sold Price
$1,084,846
$591/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Miami Shores was $1,084,846 in April 2024, up 12.4% from last year, and the median price per square foot was $591.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $235K | +23.7% |
2 Bedrooms | $745K | $697.5K | -6.4% |
3 Bedrooms | $970K | $1.1M | +18.6% |
4 Bedrooms | $1.6M | $1.3M | -17.5% |
5+ Bedrooms | $2.5M | $1.9M | -23.1% |
Summary: Miami Shores housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.7%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes increased by 18.6%, 4 bedroom homes decreased by 17.5%, and 5+ bedroom homes decreased by 23.1%.
Median Sold Price Compared To Nearby Cities
Miami Shores | $965K | $1.0M | +12.4% |
Miami Beach | $525K | $590.2K | +12.4% |
Biscayne Park | $975K | $1.0M | +2.6% |
El Portal | $950K | $957.2K | +0.8% |
Housing Supply in Miami Shores, FL
How many homes are available in Miami Shores, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
90 | 102 | +13.3% |
Summary: The Miami Shores real estate market had 102 homes for sale in April 2024, a 13.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 12 | 21 | +75.0% |
3 Bedrooms | 43 | 48 | +11.6% |
4 Bedrooms | 23 | 21 | -8.7% |
5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Miami Shores housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 11.6%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 12 | -40.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Miami Shores in April 2024, down by 40.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 8% were sold at asking, and 17% were sold over asking.
Days on Market for Miami Shores, FL
How long does it take to sell a home in Miami Shores, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 53 Days | +4.4% |
Summary: Homes in Miami Shores had an average of 53 days on market in Apr 2024, up by 4.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Miami Shores; 67% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.