Miami (unincorporated) home prices rise in the first quarter of 2018

Miami (unincorporated) home prices rise in the first quarter of 2018
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The median sale price of a home sold in the first quarter of 2018 in Miami (unincorporated) rose by $10,100 while total sales decreased by 6.7%, according to BlockShopper.com.

From January through March of 2018, there were 1,921 homes sold, with a median sale price of $210,000 – a 5.1% increase over the $199,900 median sale price for the same period of the previous year. There were 2,059 homes sold in Miami (unincorporated) in the first quarter of 2017.

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 the first quarter of 2018.

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

City Jan. – Mar. 2018 Home Sales Jan. – Mar. 2017 Home Sales % change (Total Home Sales) Jan. – Mar. 2018 Median Sales Price Jan. – Mar. 2017 Median Sales Price % change (Median Sales Price)
Cutler Bay 239 244 -2% $270,000 $249,950 8%
Sweetwater 21 22 -4.5% $260,000 $278,750 -6.7%
North Bay Village 62 60 3.3% $243,500 $200,000 21.8%
Opa-Locka (unincorporated) 47 55 -14.5% $232,500 $210,500 10.5%
Richmond Heights 44 38 15.8% $222,500 $184,150 20.8%
Miami (unincorporated) 1,921 2,059 -6.7% $210,000 $199,900 5.1%
Homestead (unincorporated) 209 208 0.5% $210,000 $200,000 5%
Hialeah Gardens 50 38 31.6% $206,500 $192,750 7.1%
West Perrine 23 44 -47.7% $197,000 $173,500 13.5%
Hialeah 490 455 7.7% $197,000 $155,000 27.1%
North Miami Beach 214 200 7% $192,400 $150,450 27.9%


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