Ines Hegedus-Garcia

Miami, FL 33138

Single-Family Homes

Miamism Sales Team



Miami, FL 33138

Mon Feb 06 2023
This week the median list price for Miami, FL 33138 is $1,499,000 with the market action index hovering around 34. This is less than last month's market action index of 37. Inventory has increased to 67. Click here to stay informed with the Miami market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Miami, FL 33138

Mon Feb 06 2023
This week the median list price for Miami, FL 33138 is $1,499,000 with the market action index hovering around 34. This is less than last month's market action index of 37. Inventory has increased to 67. Click here to stay informed with the Miami market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Miami market.
Median List Price $1,499,000
Median Price of New Listings $949,900
Per Square Foot $684
Average Days on Market 112
Median Days on Market 70
Price Decreased 37%
Price Increased 3%
Relisted 15%
Inventory 67
Median Rent
Market Action 34
Slight Seller's Advantage

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$7,249,500 5,471 0.25 - 0.5 acre 6 6.3 2 0 0 49
$2,000,000 2,554 8,000 - 10,000 sqft 3 3 72 0 0 112
$1,150,000 2,035 6,500 - 8,000 sqft 3 3 72 1 2 98
$777,000 1,413 4,500 - 6,500 sqft 3 2 84 2 2 63