The median sale price of a home sold in October 2017 in Miami fell by $5,200 while total sales increased by 37.5%, according to BlockShopper.com.
In October 2017, there were 554 homes sold, with a median sale price of $250,000 – a 2% decrease over the $255,200 median sale price for the same period of the previous year. There were 403 homes sold in Miami in October 2016.
The median sales tax in Miami for the most recent year with available data, 2015, was $3,197, approximately 1.3% of the median home sale price for October 2017.
The following table compares Miami to other Miami-Dade County cities with similar median sales prices in October 2017:
| City | Oct. 2017 Home Sales | Oct. 2016 Home Sales | % change (Total Home Sales) | Oct. 2017 Median Sales Price | Oct. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Aventura | 104 | 82 | 26.8% | $267,550 | $347,500 | -23% |
| Medley | 1 | 0 | – | $264,000 | $0 | – |
| Palmetto Estates | 15 | 16 | -6.3% | $260,000 | $248,500 | 4.6% |
| Kendall | 131 | 113 | 15.9% | $258,000 | $255,000 | 1.2% |
| Cutler Bay | 81 | 63 | 28.6% | $258,000 | $252,000 | 2.4% |
| Miami | 554 | 403 | 37.5% | $250,000 | $255,200 | -2% |
| Virginia Gardens | 4 | 2 | 100% | $249,100 | $267,500 | -6.9% |
| Hialeah Gardens | 17 | 12 | 41.7% | $232,000 | $180,000 | 28.9% |
| Miami (unincorporated) | 744 | 552 | 34.8% | $225,000 | $209,500 | 7.4% |
| Opa-Locka (unincorporated) | 19 | 16 | 18.8% | $223,200 | $193,500 | 15.3% |
| Homestead (unincorporated) | 73 | 55 | 32.7% | $210,000 | $175,000 | 20% |
