In October 2019, there were 546 homes sold, with a median sale price of $298,750 - a 7.5% increase over the $277,900 median sale price for the same period of the previous year. There were 593 homes sold in Miami in October 2018.
The median sales tax in Miami for the most recent year with available data, 2015, was $3,197, approximately 1.1% of the median home sale price for October 2019.
The following table compares Miami to other Miami-Dade County cities with similar median sales prices in October 2019:
| City | Oct. 2019 Home Sales | Oct. 2018 Home Sales | % change (Total Home Sales) | Oct. 2019 Median Sales Price | Oct. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Medley | 1 | 0 | - | $350,000 | $0 | - |
| Country Walk | 23 | 22 | 4.5% | $336,000 | $326,750 | 2.8% |
| Palmetto Estates | 17 | 19 | -10.5% | $305,000 | $300,000 | 1.7% |
| Miami Beach | 183 | 236 | -22.5% | $302,500 | $287,000 | 5.4% |
| Richmond Heights | 6 | 10 | -40% | $299,000 | $257,500 | 16.1% |
| Miami | 546 | 593 | -7.9% | $298,750 | $277,900 | 7.5% |
| Doral | 76 | 103 | -26.2% | $291,750 | $255,000 | 14.4% |
| Virginia Gardens | 1 | 3 | -66.7% | $290,000 | $415,000 | -30.1% |
| Kendall | 137 | 140 | -2.1% | $283,000 | $273,000 | 3.7% |
| Cutler Bay | 100 | 98 | 2% | $281,500 | $284,500 | -1.1% |
| Hialeah (unincorporated) | 53 | 71 | -25.4% | $280,100 | $184,000 | 52.2% |
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