Miami (unincorporated) home prices rise in May 2017

Miami (unincorporated) home prices rise in May 2017
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The median sale price of a home sold in May 2017 in Miami (unincorporated) rose by $45,000 while total sales decreased by 5.1%, according to BlockShopper.com.

In May 2017, there were 798 homes sold, with a median sale price of $215,000 – a 26.5% increase over the $170,000 median sale price for the same period of the previous year. There were 841 homes sold in Miami (unincorporated) in May 2016.

The median sales tax in Miami (unincorporated) for the most recent year with available data, 2015, was $2,152, approximately 1% of the median home sale price for May 2017.

The following table compares Miami (unincorporated) to other Miami-Dade County cities with similar median sales prices in May 2017:

City May 2017 Home Sales May 2016 Home Sales % change (Total Home Sales) May 2017 Median Sales Price May 2016 Median Sales Price % change (Median Sales Price)
Richmond Heights 13 17 -23.5% $243,000 $160,100 51.8%
North Bay Village 30 30 0% $241,750 $237,500 1.8%
Palmetto Estates 21 27 -22.2% $240,000 $230,000 4.3%
Opa-Locka (unincorporated) 28 22 27.3% $240,000 $203,200 18.1%
Homestead (unincorporated) 103 93 10.8% $220,000 $165,000 33.3%
Miami (unincorporated) 798 841 -5.1% $215,000 $170,000 26.5%
North Miami Beach (unincorporated) 3 2 50% $215,000 $150,750 42.6%
Sweetwater 10 8 25% $180,000 $170,500 5.6%
North Miami Beach 69 74 -6.8% $180,000 $151,950 18.5%
Miami Gardens 175 159 10.1% $177,600 $141,500 25.5%
Florida City (unincorporated) 3 6 -50% $171,100 $76,450 123.8%


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