Ines Hegedus-Garcia

Miami, FL 33138

Single-Family Homes

Miamism Sales Team



Miami, FL 33138

Wed Jan 20 2021
This week the median list price for Miami, FL 33138 is $799,000 with the market action index hovering around 30. This is less than last month's market action index of 33. Inventory has held steady at or around 53. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Miami, FL 33138

Wed Jan 20 2021
This week the median list price for Miami, FL 33138 is $799,000 with the market action index hovering around 30. This is less than last month's market action index of 33. Inventory has held steady at or around 53. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Miami market.
Median List Price $799,000
Per Square Foot $364
Days on Market 138
Price Decreased 25%
Price Increased 6%
Relisted 2%
Inventory 53
Median Rent $3,900
Most Expensive $19,500,000
Least Expensive $198,000
Market Action 30
Slight Seller's Advantage

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
$1,745,000 3,430 0.25 - 0.5 acre 5 5 54 0 1 178
$900,000 2,070 6,500 - 8,000 sqft 3 3 69 0 1 139
$698,999 2,286 8,000 - 10,000 sqft 3 3 71 1 0 100
$484,838 1,528 4,500 - 6,500 sqft 3 2 83 1 2 135