Altos Market Data for Realtors

Miami, FL

Single-Family Homes

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Miami, FL

Wed Oct 20 2021
This week the median list price for Miami, FL is $600,000 with the market action index hovering around 47. This is an increase over last month's market action index of 46. Inventory has held steady at or around 1,258. Click here to stay informed with the Miami market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

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, FL

Wed Oct 20 2021
This week the median list price for Miami, FL is $600,000 with the market action index hovering around 47. This is an increase over last month's market action index of 46. Inventory has held steady at or around 1,258. Click here to stay informed with the Miami market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

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 market.
Median List Price $600,000
Median Price of New Listings $560,000
Per Square Foot $286
Average Days on Market 88
Median Days on Market 42
Price Decreased 27%
Price Increased 6%
Relisted 5%
Inventory 1,258
Median Rent $3,250
Market Action 47
Strong Seller's Market

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
$1,592,500 3,681 0.25 - 0.5 acre 4 4 47 34 42 77
$720,000 2,584 6,500 - 8,000 sqft 4 3 47 47 45 49
$525,000 2,050 6,500 - 8,000 sqft 3 2 48 57 59 35
$360,000 1,349 4,500 - 6,500 sqft 3 2 68 71 61 35