Miami Beach, FL
Housing market overview · Updated weekly
$679,800median sale price
Homes sold
130
Last 12 weeks
Days on market
129
Average pace
Active listings
1,857
14.3 months supply
Sale-to-list
92.9%
Below asking
The Miami Beach housing market is currently classified as a buyer's market with a median sale price of $679,800. Prices have fallen 20.5% compared to last year, with homes spending an average of 129 days on market, indicating 14.3 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 Beach?
The median home sale price in Miami Beach is $679,800, down 20.5% from last year.
How long do homes stay on market in Miami Beach?
Homes typically spend 129 days on market before going under contract.
Is Miami Beach a buyer's or seller's market?
With 14.3 months of supply, Miami Beach is currently a buyer's market.
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