Ines Hegedus-Garcia
Miami, FL 33138
Single-Family Homes
Miamism Sales Team
Miami, FL 33138
Mon Jun 17 2019
This week the median list price for Miami, FL 33138 is $792,450 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 84.
Market Action Index
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
| Today |
| Last Month |
Slight Buyer's Advantage
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Real-Time Market Profile
| Median List Price | $792,450 | |
| Per Square Foot | $394 | |
| Days on Market | 210 | |
| Price Decreased | 42% | |
| Price Increased | 5% | |
| Relisted | 5% | |
| Inventory | 84 | |
| Median House Rent | ||
| Most Expensive | $7,950,000 | |
| Least Expensive | $187,000 | |
| Market Action Index Slight Buyer's Advantage | 29 |
While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,650,000 | 3,678 | 0.25 - 0.5 acre | 4 | 4 | 65 | 0 | 1 | 282 |
| $999,999 | 2,468 | 8,000 - 10,000 sqft | 3 | 3 | 63 | 1 | 2 | 190 |
| $650,000 | 1,689 | 8,000 - 10,000 sqft | 3 | 2 | 69 | 2 | 2 | 178 |
| $449,000 | 1,436 | 4,500 - 6,500 sqft | 3 | 2 | 73 | 2 | 3 | 192 |