In November 2021, there were 20 homes sold, with a median sale price of $717,500 - a 1.7% decrease over the $730,000 median sale price for the same period of the previous year. There were nine homes sold in South Miami in November 2020.
The median sales tax in South Miami for the most recent year with available data, 2019, was $5,159, approximately 0.7% of the median home sale price for November 2021.
The following table compares South Miami to other Miami-Dade County cities with similar median sale prices in November 2021:
| City | Nov. 2021 Home Sales | Nov. 2020 Home Sales | % change (Total Home Sales) | Nov. 2021 Median Sales Price | Nov. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Pinecrest | 39 | 26 | 50% | $965,000 | $1,055,000 | -8.5% |
| Miami Shores | 23 | 14 | 64.3% | $879,500 | $661,500 | 33% |
| Coral Gables | 77 | 49 | 57.1% | $825,000 | $899,000 | -8.2% |
| Surfside | 16 | 10 | 60% | $815,000 | $595,000 | 37% |
| Palmetto Bay | 34 | 22 | 54.5% | $795,000 | $575,000 | 38.3% |
| South Miami | 20 | 9 | 122.2% | $717,500 | $730,000 | -1.7% |
| El Portal | 5 | 4 | 25% | $655,000 | $501,000 | 30.7% |
| Biscayne Park | 4 | 5 | -20% | $634,000 | $497,000 | 27.6% |
| Florida City (unincorporated) | 3 | 0 | - | $625,000 | $0 | - |
| Medley | 1 | 0 | - | $600,000 | $0 | - |
| Sweetwater | 3 | 3 | 0% | $525,000 | $360,000 | 45.8% |
Alerts Sign-up