In November 2019, there were 10 homes sold, with a median sale price of $518,000 - a 32.1% increase over the $392,150 median sale price for the same period of the previous year. There were 16 homes sold in South Miami in November 2018.
The median sales tax in South Miami for the most recent year with available data, 2015, was $4,233, approximately 0.8% of the median home sale price for November 2019.
The following table compares South Miami to other Miami-Dade County cities with similar median sales prices in November 2019:
| City | Nov. 2019 Home Sales | Nov. 2018 Home Sales | % change (Total Home Sales) | Nov. 2019 Median Sales Price | Nov. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Key Biscayne | 13 | 21 | -38.1% | $735,000 | $692,800 | 6.1% |
| Pinecrest | 18 | 34 | -47.1% | $660,000 | $852,500 | -22.6% |
| Coral Gables | 55 | 67 | -17.9% | $625,000 | $600,000 | 4.2% |
| Biscayne Park | 5 | 4 | 25% | $600,000 | $410,500 | 46.2% |
| Palmetto Bay | 41 | 31 | 32.3% | $520,000 | $440,000 | 18.2% |
| South Miami | 10 | 16 | -37.5% | $518,000 | $392,150 | 32.1% |
| Bal Harbour | 10 | 6 | 66.7% | $477,500 | $1,015,000 | -53% |
| El Portal | 6 | 0 | - | $455,000 | $0 | - |
| Miami Springs | 16 | 20 | -20% | $445,750 | $388,500 | 14.7% |
| Miami Shores | 15 | 14 | 7.1% | $439,900 | $577,500 | -23.8% |
| Country Walk | 14 | 27 | -48.1% | $392,500 | $320,000 | 22.7% |
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