Ines Hegedus-Garcia

Miami Shores, FL

Single-Family Homes

Miamism Sales Team



Miami Shores, FL

Wed May 22 2024
This week the median list price for Miami Shores, FL is $1,950,000 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has held steady at or around 59. 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 22 2024
This week the median list price for Miami Shores, FL is $1,950,000 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has held steady at or around 59. 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 $1,950,000
Median Price of New Listings $4,317,500
Per Square Foot $884
Average Days on Market 110
Median Days on Market 63
Price Decreased 46%
Price Increased 7%
Relisted 14%
Inventory 59
Median Rent
Market Action 34
Slight Seller's Advantage

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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 4,164 0.25 - 0.5 acre 4 4.5 69 2 1 94
$2,250,000 2,317 8,000 - 10,000 sqft 4 3 70 0 2 42
$1,699,000 2,037 8,000 - 10,000 sqft 3 3 74 0 2 63
$1,150,000 1,506 8,000 - 10,000 sqft 3 2 84 0 3 56