Ines Hegedus-Garcia

Miami Shores, FL

Single-Family Homes

Miamism Sales Team



Miami Shores, FL

Wed May 08 2024
This week the median list price for Miami Shores, FL is $1,924,999 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 60. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Miami Shores, FL

Wed May 08 2024
This week the median list price for Miami Shores, FL is $1,924,999 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 60. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Miami Shores market.
Median List Price $1,924,999
Median Price of New Listings $1,749,000
Per Square Foot $869
Average Days on Market 102
Median Days on Market 49
Price Decreased 43%
Price Increased 5%
Relisted 10%
Inventory 60
Median Rent
Market Action 35
Slight Seller's Advantage

The market seems to have paused around this plateau. 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
$3,250,000 3,675 0.25 - 0.5 acre 4 4 72 1 0 98
$2,200,000 2,317 8,000 - 10,000 sqft 3 3 73 1 3 35
$1,650,000 1,975 8,000 - 10,000 sqft 3 2.5 74 1 2 56
$1,150,000 1,508 8,000 - 10,000 sqft 3 2 81 2 2 49