Ines Hegedus-Garcia

Miami Shores, FL

Single-Family Homes

Miamism Sales Team



Miami Shores, FL

Tue Mar 28 2023
This week the median list price for Miami Shores, FL is $1,579,999 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has decreased to 45. Click here to stay informed with the Miami Shores market!

Market Action Index

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

Slight Seller's Advantage

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Miami Shores, FL

Tue Mar 28 2023
This week the median list price for Miami Shores, FL is $1,579,999 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has decreased to 45. Click here to stay informed with the Miami Shores market!

Market Action Index

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

Slight Seller's Advantage

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Miami Shores market.
Median List Price $1,579,999
Median Price of New Listings $1,672,500
Per Square Foot $614
Average Days on Market 107
Median Days on Market 56
Price Decreased 36%
Price Increased 4%
Relisted 7%
Inventory 45
Median Rent
Market Action 43
Slight Seller's Advantage

This week saw relatively little price change from last week. However the market appears to be trying to establish an uptrend. The Market Action Index is a good leading indicator for the durability of this trend.

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
$3,650,000 3,742 0.25 - 0.5 acre 5 4 66 1 1 49
$1,735,000 2,757 8,000 - 10,000 sqft 3 3 72 1 2 98
$1,475,000 2,456 8,000 - 10,000 sqft 4 3 71 1 2 49
$894,500 2,001 8,000 - 10,000 sqft 3 2 75 1 3 35