Miami Beach Market Report

$1,801,867

AVERAGE PRICE OF 3,437 HOMES

$396,999

AVERAGE PRICE OF 40 DISTRESSED HOMES

$4,442,272

AVERAGE PRICE OF 1,169 MULTI-MILLION DOLLAR HOMES

$5,649,193

AVERAGE PRICE OF 258 NEWLY BUILT HOMES

$6,819,573

AVERAGE PRICE OF 311 HOMES WITH A POOL

Average Home

Average Price $1,801,867
Avg Bedrooms 2 beds
Avg Bathrooms 2.02 baths

Average Price by Bedrooms

1 bedroom $447,968
2 bedrooms $1,066,876
3 bedrooms $2,889,231
4 bedrooms $4,565,154
5 bedrooms $6,679,489
Miami Beach Home Price Trends
  2/2017 1/2017 12/2016 11/2016 10/2016
Total Listings 3,390 3,315 3,306 3,182 3,063
Average Price $1,828,296 $1,844,285 $1,822,504 $1,777,401 $1,770,158
Avg Price Change -0.87% +1.20% +2.54% +0.41% -2.12%
Median Price $595,698 $592,896 $596,801 $594,633 $610,238
Med Price Change +0.47% -0.66% +0.36% -2.62% +0.03%
Avg Bedrooms 2 beds 2 beds 2 beds 2 beds 2 beds
Avg Bathrooms 2.03 baths 2.02 baths 2.01 baths 2 baths 2 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Market
Miami Beach 341 $1,480,050 163 days
Miami Senior 5 $2,696,800 225 days
North Miami Beach 5 $2,901,000 215 days
Home Price by House Size
Total Homes Average Price Avg Days on Market
All Homes 3,437 $1,801,867 179 days
Distressed Homes 40 $396,999 112 days
Multi-Million Dollar Homes 1,169 $4,442,272 207 days
Newly Built Homes 258 $5,649,193 204 days
Homes with a Pool 311 $6,819,573 222 days