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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|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|
|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.
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|