Miami (unincorporated) home prices fall in February 2018

Miami (unincorporated) home prices fall in February 2018
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The median sale price of a home sold in February 2018 in Miami (unincorporated) fell by $7,500 while total sales decreased by 22.9%, according to BlockShopper.com.

In February 2018, there were 509 homes sold, with a median sale price of $192,500 – a 3.8% decrease over the $200,000 median sale price for the same period of the previous year. There were 660 homes sold in Miami (unincorporated) in February 2017.

The median sales tax in Miami (unincorporated) for the most recent year with available data, 2015, was $2,152, approximately 1.1% of the median home sale price for February 2018.

The following table compares Miami (unincorporated) to other Miami-Dade County cities with similar median sales prices in February 2018:

City Feb. 2018 Home Sales Feb. 2017 Home Sales % change (Total Home Sales) Feb. 2018 Median Sales Price Feb. 2017 Median Sales Price % change (Median Sales Price)
Kendall 92 102 -9.8% $250,000 $240,000 4.2%
Opa-Locka (unincorporated) 10 15 -33.3% $212,050 $200,000 6%
Hialeah Gardens 14 8 75% $205,000 $204,000 0.5%
Homestead (unincorporated) 54 70 -22.9% $204,950 $203,800 0.6%
Miami Gardens 114 146 -21.9% $193,750 $160,500 20.7%
Miami (unincorporated) 509 660 -22.9% $192,500 $200,000 -3.8%
North Miami Beach 67 45 48.9% $190,400 $150,900 26.2%
Sweetwater 4 5 -20% $189,050 $170,000 11.2%
Hialeah 141 137 2.9% $185,000 $160,000 15.6%
Richmond Heights 10 8 25% $181,800 $178,750 1.7%
Hialeah (unincorporated) 62 45 37.8% $180,000 $175,000 2.9%


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