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South Miami-Dade News

Friday, November 1, 2024

April: Miami (unincorporated) experienced a 136.4% increase in median home prices

Re 1

The median sale price of a home sold in April in Miami (unincorporated) rose by $451,500 while total sales decreased by 97 percent, according to BlockShopper.com.

In April, there were 22 homes sold, with a median sale price of $782,500 - a 136.4 percent increase over the $331,000 median sale price for the same period of the previous year. There were 725 homes sold in Miami (unincorporated) in April 2021.

The median sales tax in Miami (unincorporated) for the most recent year with available data, 2019, was $2,634, approximately 0.3 percent of the median home sale price for April.

The following table compares Miami (unincorporated) to other Miami-Dade County cities with similar median sale prices in April:

CityApril 2022 Home SalesApril 2021 Home Sales% change (Total Home Sales)April 2022 Median Sales PriceApril 2021 Median Sales Price% change (Median Sales Price)
Kendall6132-95.5$1,000,000$322,750209.8
Biscayne Park16-83.3$975,000$665,00046.6
Palmetto Bay361-95.1$875,400$670,00030.7
Sweetwater111-90.9$835,000$244,000242.2
Miami Lakes135-97.1$816,000$436,00087.2
Miami (unincorporated) 22725-97$782,500$331,000136.4
North Bay Village129-96.6$690,000$330,000109.1
Miami Springs318-83.3$550,000$442,50024.3
Miami237850-72.1$512,000$350,00046.3
Miami Beach151482-68.7$510,000$550,000-7.3
Homestead3242-98.8$475,000$197,500140.5

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