Miami Beach Market Report
$502,226
AVERAGE PRICE OF 2,169 HOMES$702,167
AVERAGE PRICE OF 813 MULTI-MILLION DOLLAR HOMES$484,140
AVERAGE PRICE OF 5 DISTRESSED HOMES$9,478,398
AVERAGE PRICE OF 83 NEWLY BUILT HOMES$1,693,921
AVERAGE PRICE OF 52 REDUCED PRICE HOMESAverage Home
| Average Price | $502,226 |
| Avg Bedrooms | 1.68 beds |
| Avg Bathrooms | 2.17 baths |
Average Price by Bedrooms
| 1 bedroom | $416,278 |
| 2 bedrooms | $1,174,882 |
| 3 bedrooms | $2,558,214 |
| 4 bedrooms | $4,270,572 |
| 5 bedrooms | $7,065,681 |
Miami Beach Home Price Trends
| 8/2023 | 7/2023 | 6/2023 | 5/2023 | 4/2023 | |
|---|---|---|---|---|---|
| Total Listings | 2,124 | 2,156 | 2,219 | 2,286 | 2,300 |
| Average Price | $443,158 | $490,873 | $707,961 | $813,757 | $806,251 |
| Avg Price Change | -10.77% | -44.22% | -14.94% | +0.93% | -9.75% |
| Median Price | $602,020 | $605,595 | $614,913 | $617,070 | $621,825 |
| Med Price Change | -0.59% | -1.54% | -0.35% | -0.77% | -0.97% |
| Avg Bedrooms | 1.67 beds | 1.67 beds | 1.68 beds | 1.68 beds | 2.33 beds |
| Avg Bathrooms | 2.16 baths | 2.13 baths | 2.15 baths | 2.15 baths | 2.21 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Academic Solutions | 2 | $2,147,500 | 41 days |
| Coral Gables | 1 | $399,000 | 306 days |
| Miami Beach | 389 | $1,826,151 | 134 days |
| Miami Edison | 1 | $25,000 | 667 days |
| Miami Senior | 4 | $431,000 | 48 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 2,169 | $502,226 | 130 days |
| Multi-Million Dollar Homes | 813 | $702,167 | 133 days |
| Distressed Homes | 5 | $484,140 | 104 days |
| Newly Built Homes | 83 | $9,478,398 | 179 days |
| Homes with a Pool | 536 | n/a | 190 days |
| Reduced Price Homes | 52 | $1,693,921 | 98 days |
