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South Miami-Dade News

Friday, November 8, 2024

West Miami median home prices rose by 24.5% in November 2021

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The median sale price of a home sold in November 2021 in West Miami rose by $98,000 while total sales decreased by 40%, according to BlockShopper.com.

In November 2021, there were three homes sold, with a median sale price of $498,000 - a 24.5% increase over the $400,000 median sale price for the same period of the previous year. There were five homes sold in West Miami in November 2020.

The median sales tax in West Miami for the most recent year with available data, 2019, was $4,225, approximately 0.8% of the median home sale price for November 2021.

The following table compares West Miami to other Miami-Dade County cities with similar median sale prices in November 2021:

CityNov. 2021 Home SalesNov. 2020 Home Sales% change (Total Home Sales)Nov. 2021 Median Sales PriceNov. 2020 Median Sales Price% change (Median Sales Price)
Biscayne Park45-20%$634,000$497,00027.6%
Florida City (unincorporated) 30-$625,000$0-
Medley10-$600,000$0-
Sweetwater330%$525,000$360,00045.8%
Miami Springs15887.5%$510,000$432,50017.9%
West Miami35-40%$498,000$400,00024.5%
South Miami (unincorporated) 412195.2%$480,000$685,000-29.9%
Virginia Gardens21100%$467,500$359,00030.2%
West Perrine152650%$461,000$162,500183.7%
Miami Beach341117191.5%$430,000$448,000-4%
Country Walk221637.5%$430,000$392,0009.7%

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