Real Estate Market Trends for Miami, FL

Summary for Miami

The median sales price for homes in Miami FL for Jul 15 to Oct 15 was $247,000. This represents a decline of 1.2%, or $3,000, compared to the prior quarter and an increase of 11.3% compared to the prior year. Sales prices have appreciated 65.8% over the last 5 years in Miami. The average listing price for Miami homes for sale on Trulia was $441,237 for the week ending Oct 21, which represents a decline of 2.7%, or $12,039, compared to the prior week and a decline of 2.1%, or $9,332, compared to the week ending Sep 30. Average price per square foot for Miami FL was $174, an increase of 6.7% compared to the same period last year. Popular neighborhoods in Miami include Coral Way, Wynwood - Edgewater, Upper East Side, Northeast Coconut Grove, West Little Havana, and East Little Havana.