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South Miami-Dade News

Wednesday, November 6, 2024

Sweetwater home prices rise in October 2019

Realestate2

The median sale price of a home sold in October 2019 in Sweetwater rose by $120,500 while total sales decreased by 50%, according to BlockShopper.com.

In October 2019, there were seven homes sold, with a median sale price of $380,000 - a 46.4% increase over the $259,500 median sale price for the same period of the previous year. There were 14 homes sold in Sweetwater in October 2018.

The median sales tax in Sweetwater for the most recent year with available data, 2015, was $2,180, approximately 0.6% of the median home sale price for October 2019.

The following table compares Sweetwater to other Miami-Dade County cities with similar median sales prices in October 2019:

CityOct. 2019 Home SalesOct. 2018 Home Sales% change (Total Home Sales)Oct. 2019 Median Sales PriceOct. 2018 Median Sales Price% change (Median Sales Price)
South Miami1021-52.4%$433,750$372,50016.4%
Biscayne Park45-20%$415,000$383,0008.4%
Palmetto Bay4756-16.1%$399,000$520,650-23.4%
Miami Springs1519-21.1%$383,000$355,0007.9%
El Portal5425%$380,100$326,50016.4%
Sweetwater714-50%$380,000$259,50046.4%
West Miami6450%$370,000$410,000-9.8%
Miami Lakes2537-32.4%$360,000$345,0004.3%
Medley10-$350,000$0-
Country Walk23224.5%$336,000$326,7502.8%
Palmetto Estates1719-10.5%$305,000$300,0001.7%

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