Altos Market Data for Realtors

Miami, FL

Single-Family Homes

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Miami, FL

Tue Sep 21 2021
This week the median list price for Miami, FL is $599,000 with the market action index hovering around 47. This is less than last month's market action index of 48. Inventory has increased to 1,269. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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, FL

Tue Sep 21 2021
This week the median list price for Miami, FL is $599,000 with the market action index hovering around 47. This is less than last month's market action index of 48. Inventory has increased to 1,269. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 market.
Median List Price $599,000
Median Price of New Listings $542,450
Per Square Foot $285
Average Days on Market 83
Median Days on Market 42
Price Decreased 26%
Price Increased 6%
Relisted 6%
Inventory 1,269
Median Rent $4,200
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
$1,599,000 3,697 0.25 - 0.5 acre 4 4 45 36 34 77
$699,995 2,584 6,500 - 8,000 sqft 4 3 49 59 43 42
$499,999 1,966 6,500 - 8,000 sqft 3 2 53 65 66 35
$350,000 1,306 4,500 - 6,500 sqft 3 2 67 72 72 35