Ines Hegedus-Garcia
North Miami, FL 33181
Single-Family Homes
Miamism Sales Team
North Miami, FL 33181
Fri Dec 01 2023
This week the median list price for North Miami, FL 33181 is $3,200,000 with the market action index hovering around 26. This is less than last month's market action index of 28. Inventory has increased to 37.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices have begun moving lower. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
Real-Time Market Profile
| Median List Price | $3,200,000 | |
| Median Price of New Listings | $3,100,000 | |
| Per Square Foot | $1,086 | |
| Average Days on Market | 175 | |
| Median Days on Market | 98 | |
| Price Decreased | 30% | |
| Price Increased | 11% | |
| Relisted | 22% | |
| Inventory | 37 | |
| Median Rent | ||
| Market Action | 26 | |
| Slight Buyer's Advantage | ||
Prices in this zip code have been on a downward trend in the last few weeks and this week, while essentially flat, doesn’t break us out of that cycle.
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 |
|---|---|---|---|---|---|---|---|---|
| $5,900,000 | 4,789 | 0.25 - 0.5 acre | 5 | 4.5 | 54 | 0 | 1 | 287 |
| $3,490,000 | 2,949 | 8,000 - 10,000 sqft | 4 | 3.5 | 66 | 0 | 0 | 98 |
| $2,899,000 | 2,738 | 8,000 - 10,000 sqft | 4 | 3 | 65 | 1 | 1 | 35 |
| $1,397,500 | 1,652 | 8,000 - 10,000 sqft | 3 | 2 | 69 | 0 | 1 | 35 |