Miami, FL
Housing market overview · Updated weekly
$725,000median sale price
Homes sold
284
Last 12 weeks
Days on market
104
Average pace
Active listings
3,880
13.7 months supply
Sale-to-list
94.6%
Below asking
The Miami housing market is currently classified as a buyer's market with a median sale price of $725,000. Prices have risen 11.5% compared to last year, with homes spending an average of 104 days on market, indicating 13.7 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
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Frequently asked questions
What is the average home price in Miami?
The median home sale price in Miami is $725,000, up 11.5% from last year.
How long do homes stay on market in Miami?
Homes typically spend 104 days on market before going under contract.
Is Miami a buyer's or seller's market?
With 13.7 months of supply, Miami is currently a buyer's market.
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