Miami Market Report

$657,292

AVERAGE PRICE OF 7,107 HOMES

$317,808

AVERAGE PRICE OF 165 DISTRESSED HOMES

$2,357,176

AVERAGE PRICE OF 838 MULTI-MILLION DOLLAR HOMES

$1,044,474

AVERAGE PRICE OF 904 NEWLY BUILT HOMES

$1,417,528

AVERAGE PRICE OF 797 HOMES WITH A POOL

$532,028

AVERAGE PRICE OF 431 REDUCED PRICE HOMES

Average Home

Average Price $657,292
Avg Bedrooms 2 beds
Avg Bathrooms 2.08 baths

Average Price by Bedrooms

1 bedroom $329,539
2 bedrooms $508,706
3 bedrooms $708,382
4 bedrooms $898,166
5 bedrooms $1,539,998
Miami Home Price Trends
  3/2017 2/2017 1/2017 12/2016 11/2016
Total Listings 7,997 8,032 7,827 7,912 7,870
Average Price $623,071 $619,668 $623,160 $622,313 $630,431
Avg Price Change +0.55% -0.56% +0.14% -1.30% +0.25%
Median Price $409,428 $407,375 $400,464 $399,844 $400,521
Med Price Change +0.50% +1.73% +0.16% -0.17% -1.34%
Avg Bedrooms 2 beds 2 beds 2 beds 2 beds 2 beds
Avg Bathrooms 2.07 baths 2.07 baths 2.08 baths 2.07 baths 2.07 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Market
Coral Gables 54 $1,568,254 134 days
Miami Killian 95 $642,464 157 days
Michael Krop 48 $566,276 138 days
South Miami 52 $640,325 117 days
Washington; Brooker T 106 $513,340 136 days
Home Price by House Size
Total Homes Average Price Avg Days on Market
All Homes 7,107 $657,292 173 days
Distressed Homes 165 $317,808 129 days
Multi-Million Dollar Homes 838 $2,357,176 181 days
Newly Built Homes 904 $1,044,474 186 days
Homes with a Pool 797 $1,417,528 138 days
Reduced Price Homes 431 $532,028 124 days