Miami Beach Market Report

$1,845,126

AVERAGE PRICE OF 3,223 HOMES

$401,672

AVERAGE PRICE OF 36 DISTRESSED HOMES

$4,521,312

AVERAGE PRICE OF 1,107 MULTI-MILLION DOLLAR HOMES

$5,516,514

AVERAGE PRICE OF 257 NEWLY BUILT HOMES

$6,836,496

AVERAGE PRICE OF 295 HOMES WITH A POOL

$1,201,259

AVERAGE PRICE OF 174 REDUCED PRICE HOMES

Average Home

Average Price $1,845,126
Avg Bedrooms 2 beds
Avg Bathrooms 2.03 baths

Average Price by Bedrooms

1 bedroom $459,237
2 bedrooms $1,076,079
3 bedrooms $2,956,722
4 bedrooms $4,784,744
5 bedrooms $6,956,101
Miami Beach Home Price Trends
  3/2017 2/2017 1/2017 12/2016 11/2016
Total Listings 3,430 3,390 3,315 3,306 3,182
Average Price $1,815,344 $1,828,296 $1,844,285 $1,822,504 $1,777,401
Avg Price Change -0.71% -0.87% +1.20% +2.54% +0.41%
Median Price $593,267 $595,698 $592,896 $596,801 $594,633
Med Price Change -0.41% +0.47% -0.66% +0.36% -2.62%
Avg Bedrooms 2 beds 2 beds 2 beds 2 beds 2 beds
Avg Bathrooms 2.02 baths 2.03 baths 2.02 baths 2.01 baths 2 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Market
Miami Beach 329 $1,483,177 172 days
Miami Senior 5 $2,525,400 241 days
North Miami Beach 3 $3,802,000 251 days
Home Price by House Size
Total Homes Average Price Avg Days on Market
All Homes 3,223 $1,845,126 188 days
Distressed Homes 36 $401,672 130 days
Multi-Million Dollar Homes 1,107 $4,521,312 218 days
Newly Built Homes 257 $5,516,514 212 days
Homes with a Pool 295 $6,836,496 231 days
Reduced Price Homes 174 $1,201,259 144 days