In October 2019, there were 23 homes sold, with a median sale price of $680,000 - a 60.8% increase over the $422,900 median sale price for the same period of the previous year. There were 28 homes sold in South Miami (unincorporated) in October 2018.
The median sales tax in South Miami (unincorporated) for the most recent year with available data, 2015, was $3,732, approximately 0.5% of the median home sale price for October 2019.
The following table compares South Miami (unincorporated) 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) |
|---|---|---|---|---|---|---|
| Golden Beach | 3 | 0 | - | $7,300,000 | $0 | - |
| Key Biscayne | 26 | 19 | 36.8% | $804,300 | $1,075,000 | -25.2% |
| Bal Harbour | 11 | 7 | 57.1% | $800,000 | $1,400,000 | -42.9% |
| Coral Gables | 87 | 80 | 8.8% | $745,000 | $572,250 | 30.2% |
| Pinecrest | 35 | 42 | -16.7% | $712,500 | $706,250 | 0.9% |
| South Miami (unincorporated) | 23 | 28 | -17.9% | $680,000 | $422,900 | 60.8% |
| Surfside | 17 | 11 | 54.5% | $500,000 | $650,000 | -23.1% |
| Miami Shores | 32 | 22 | 45.5% | $497,500 | $464,800 | 7% |
| South Miami | 10 | 21 | -52.4% | $433,750 | $372,500 | 16.4% |
| Biscayne Park | 4 | 5 | -20% | $415,000 | $383,000 | 8.4% |
| Palmetto Bay | 47 | 56 | -16.1% | $399,000 | $520,650 | -23.4% |
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