Ines Hegedus-Garcia

Miami Shores, FL

Single-Family Homes

Miamism Sales Team



Miami Shores, FL

Mon Nov 23 2020
This week the median list price for Miami Shores, FL is $833,500 with the market action index hovering around 39. This is less than last month's market action index of 41. Inventory has held steady at or around 58. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 Shores, FL

Mon Nov 23 2020
This week the median list price for Miami Shores, FL is $833,500 with the market action index hovering around 39. This is less than last month's market action index of 41. Inventory has held steady at or around 58. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 Shores market.
Median List Price $833,500
Per Square Foot $346
Days on Market 89
Price Decreased 21%
Price Increased 3%
Relisted 2%
Inventory 58
Median Rent $2,000
Most Expensive $5,950,000
Least Expensive $135,000
Market Action 39
Slight Seller's Advantage

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$2,249,000 4,452 0.25 - 0.5 acre 5 4 70 0 1 92
$937,000 2,772 0.25 - 0.5 acre 3 3 68 1 3 115
$749,900 2,166 0.25 - 0.5 acre 3 2 70 4 3 73
$524,900 1,935 8,000 - 10,000 sqft 3 2 72 2 0 77