Ines Hegedus-Garcia

Miami Shores, FL

Single-Family Homes

Miamism Sales Team



Miami Shores, FL

Thu Mar 23 2023
This week the median list price for Miami Shores, FL is $1,575,000 with the market action index hovering around 41. This is less than last month's market action index of 45. Inventory has increased to 49. 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 off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. 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

Thu Mar 23 2023
This week the median list price for Miami Shores, FL is $1,575,000 with the market action index hovering around 41. This is less than last month's market action index of 45. Inventory has increased to 49. 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 off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. 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 $1,575,000
Median Price of New Listings $1,170,000
Per Square Foot $618
Average Days on Market 108
Median Days on Market 49
Price Decreased 43%
Price Increased 2%
Relisted 8%
Inventory 49
Median Rent
Market Action 41
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
$3,525,000 3,910 0.25 - 0.5 acre 5 4 71 0 0 122
$1,742,500 2,760 8,000 - 10,000 sqft 3 3 71 0 0 73
$1,485,000 2,459 8,000 - 10,000 sqft 4 3 73 1 0 45
$865,000 1,996 8,000 - 10,000 sqft 3 2 74 1 2 42