The median sale price of a home sold in the first half of 2017 in Miami rose by $14,400 while total sales decreased by 9.1%, according to BlockShopper.com.
From January through June of 2017, there were 3,373 homes sold, with a median sale price of $270,000 – a 5.6% increase over the $255,600 median sale price for the same period of the previous year. There were 3,709 homes sold in Miami in the first half of 2016.
The median sales tax in Miami for the most recent year with available data, 2015, was $3,197, approximately 1.2% of the median home sale price for the first half of 2017.
The following table compares Miami to other Miami-Dade County cities with similar median sales prices in the first half of 2017:
| City | Jan. – June 2017 Home Sales | Jan. – June 2016 Home Sales | % change (Total Home Sales) | Jan. – June 2017 Median Sales Price | Jan. – June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Bay Harbor Islands | 59 | 95 | -37.9% | $300,000 | $370,000 | -18.9% |
| South Miami (unincorporated) | 183 | 197 | -7.1% | $299,900 | $245,000 | 22.4% |
| Virginia Gardens | 12 | 19 | -36.8% | $297,500 | $265,000 | 12.3% |
| Aventura | 649 | 716 | -9.4% | $277,500 | $288,500 | -3.8% |
| Doral | 471 | 448 | 5.1% | $270,000 | $272,000 | -0.7% |
| Miami | 3,373 | 3,709 | -9.1% | $270,000 | $255,600 | 5.6% |
| Cutler Bay | 549 | 561 | -2.1% | $255,000 | $220,000 | 15.9% |
| Kendall | 752 | 804 | -6.5% | $252,750 | $225,000 | 12.3% |
| Sweetwater | 50 | 42 | 19% | $240,050 | $183,000 | 31.2% |
| Palmetto Estates | 110 | 133 | -17.3% | $230,500 | $210,000 | 9.8% |
| North Bay Village | 145 | 134 | 8.2% | $225,000 | $226,500 | -0.7% |
