Ines Hegedus-Garcia

Miami Shores, FL

Single-Family Homes

Miamism Sales Team



Miami Shores, FL

Thu Dec 01 2022
This week the median list price for Miami Shores, FL is $1,350,000 with the market action index hovering around 39. This is less than last month's market action index of 41. Inventory has decreased to 53. 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 started cooling and prices have recently plateaued. Since 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

Thu Dec 01 2022
This week the median list price for Miami Shores, FL is $1,350,000 with the market action index hovering around 39. This is less than last month's market action index of 41. Inventory has decreased to 53. 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 started cooling and prices have recently plateaued. Since 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 $1,350,000
Median Price of New Listings $2,274,500
Per Square Foot $556
Average Days on Market 87
Median Days on Market 77
Price Decreased 47%
Price Increased 2%
Relisted 15%
Inventory 53
Median Rent
Market Action 39
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
$2,300,000 3,567 0.25 - 0.5 acre 4 3 72 1 4 105
$1,579,999 2,591 8,000 - 10,000 sqft 4 3 72 0 1 56
$1,250,000 2,015 8,000 - 10,000 sqft 3 2 73 1 2 49
$799,000 1,930 8,000 - 10,000 sqft 3 2 71 0 1 98