Miami Market Report

$674,792

AVERAGE PRICE OF 12,342 HOMES

$256,739

AVERAGE PRICE OF 507 DISTRESSED HOMES

$2,611,787

AVERAGE PRICE OF 1,578 MULTI-MILLION DOLLAR HOMES

$1,049,216

AVERAGE PRICE OF 1,245 NEWLY BUILT HOMES

$1,211,623

AVERAGE PRICE OF 1,095 HOMES WITH A POOL

$647,255

AVERAGE PRICE OF 4,031 REDUCED PRICE HOMES

Average Home

Average Price $674,792
Avg Bedrooms 2 beds
Avg Bathrooms 2.36 baths

Average Price by Bedrooms

1 bedroom $325,495
2 bedrooms $464,254
3 bedrooms $590,906
4 bedrooms $767,115
5 bedrooms $1,369,824
Miami Home Price Trends
  12/2017 11/2017 10/2017 9/2017 8/2017
Total Listings 12,483 12,437 12,211 12,397 11,457
Average Price $670,425 $657,618 $658,481 $659,452 $725,083
Avg Price Change +1.95% -0.13% -0.15% -9.95% +27.43%
Median Price $389,117 $385,142 $380,953 $379,979 $382,549
Med Price Change +1.03% +1.10% +0.26% -0.68% +2.01%
Avg Bedrooms 2 beds 2 beds 2 beds 2 beds 2 beds
Avg Bathrooms 2.35 baths 2.35 baths 2.35 baths 2.34 baths 2.32 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Market
Coral Gables 114 $1,322,000 n/a
Miami Killian 114 $558,526 n/a
Miami Senior 86 $625,449 n/a
South Miami 127 $520,741 n/a
Washington; Brooker T 169 $554,491 n/a
Home Price by House Size
Total Homes Average Price Avg Days on Market
All Homes 12,342 $674,792 104 days
Distressed Homes 507 $256,739 125 days
Multi-Million Dollar Homes 1,578 $2,611,787 116 days
Newly Built Homes 1,245 $1,049,216 107 days
Homes with a Pool 1,095 $1,211,623 98 days
Reduced Price Homes 4,031 $647,255 134 days