Ines Hegedus-Garcia
Miami, FL 33138
Single-Family Homes
Miamism Sales Team
Miami, FL 33138
Fri Dec 13 2019
This week the median list price for Miami, FL 33138 is $680,000 with the market action index hovering around 27. This is an increase over last month's market action index of 26. Inventory has held steady at or around 76.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.
Real-Time Market Profile
| Median List Price | $680,000 | |
| Per Square Foot | $407 | |
| Days on Market | 188 | |
| Price Decreased | 43% | |
| Price Increased | 3% | |
| Relisted | 5% | |
| Inventory | 76 | |
| Median Rent | ||
| Most Expensive | $7,495,000 | |
| Least Expensive | $245,000 | |
| Market Action | 27 | |
| Slight Buyer's Advantage | ||
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,995,000 | 3,398 | 0.25 - 0.5 acre | 4 | 4 | 61 | 0 | 1 | 341 |
| $849,900 | 1,899 | 8,000 - 10,000 sqft | 3 | 3 | 69 | 1 | 4 | 114 |
| $624,900 | 1,505 | 6,500 - 8,000 sqft | 3 | 2 | 70 | 0 | 0 | 112 |
| $449,000 | 1,233 | 4,500 - 6,500 sqft | 3 | 2 | 80 | 2 | 0 | 184 |