Altos Market Data for Realtors

Miami, FL

Single-Family Homes

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Miami, FL

Sun Feb 25 2024
This week the median list price for Miami, FL is $850,000 with the market action index hovering around 34. This is an increase over last month's market action index of 33. Inventory has held steady at or around 1,767. 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.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Miami, FL

Sun Feb 25 2024
This week the median list price for Miami, FL is $850,000 with the market action index hovering around 34. This is an increase over last month's market action index of 33. Inventory has held steady at or around 1,767. 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.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Miami market.
Median List Price $850,000
Median Price of New Listings $749,900
Per Square Foot $465
Average Days on Market 116
Median Days on Market 77
Price Decreased 32%
Price Increased 6%
Relisted 10%
Inventory 1,767
Median Rent
Market Action 34
Slight Seller's Advantage

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
$2,650,000 3,522 0.25 - 0.5 acre 5 4 37 29 24 126
$1,099,000 2,256 8,000 - 10,000 sqft 4 3 49 35 35 84
$745,500 1,792 6,500 - 8,000 sqft 4 2 47 59 46 63
$548,400 1,344 4,500 - 6,500 sqft 3 2 68 60 57 49