The median sale price of a home sold in August 2017 in Miami rose by $35,500 while total sales decreased by 1.5%, according to BlockShopper.com.
In August 2017, there were 611 homes sold, with a median sale price of $280,000 – a 14.5% increase over the $244,500 median sale price for the same period of the previous year. There were 620 homes sold in Miami in August 2016.
The median sales tax in Miami for the most recent year with available data, 2015, was $3,197, approximately 1.1% of the median home sale price for August 2017.
The following table compares Miami to other Miami-Dade County cities with similar median sales prices in August 2017:
| City | Aug. 2017 Home Sales | Aug. 2016 Home Sales | % change (Total Home Sales) | Aug. 2017 Median Sales Price | Aug. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| South Miami (unincorporated) | 28 | 20 | 40% | $325,000 | $590,000 | -44.9% |
| Miami Beach | 230 | 215 | 7% | $299,500 | $330,000 | -9.2% |
| Country Walk | 30 | 35 | -14.3% | $299,000 | $287,000 | 4.2% |
| Bay Harbor Islands | 16 | 15 | 6.7% | $292,500 | $210,000 | 39.3% |
| Doral | 102 | 83 | 22.9% | $288,750 | $277,000 | 4.2% |
| Miami | 611 | 620 | -1.5% | $280,000 | $244,500 | 14.5% |
| Palmetto Estates | 23 | 21 | 9.5% | $275,000 | $240,000 | 14.6% |
| Cutler Bay | 88 | 116 | -24.1% | $271,300 | $227,500 | 19.3% |
| Aventura | 134 | 126 | 6.3% | $269,750 | $285,500 | -5.5% |
| Sweetwater | 10 | 7 | 42.9% | $255,000 | $165,000 | 54.5% |
| Kendall | 144 | 147 | -2% | $253,000 | $252,000 | 0.4% |
