Miami (unincorporated) home prices rise in the fourth quarter of 2017

Miami (unincorporated) home prices rise in the fourth quarter of 2017
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The median sale price of a home sold in the fourth quarter of 2017 in Miami (unincorporated) rose by $15,000 while total sales decreased by 0.2%, according to BlockShopper.com.

From October through December of 2017, there were 2,085 homes sold, with a median sale price of $220,000 – a 7.3% increase over the $205,000 median sale price for the same period of the previous year. There were 2,089 homes sold in Miami (unincorporated) in the fourth quarter of 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 the fourth quarter of 2017.

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

City Oct. – Dec. 2017 Home Sales Oct. – Dec. 2016 Home Sales % change (Total Home Sales) Oct. – Dec. 2017 Median Sales Price Oct. – Dec. 2016 Median Sales Price % change (Median Sales Price)
Doral 248 232 6.9% $259,050 $256,000 1.2%
Medley 2 2 0% $252,000 $321,450 -21.6%
Cutler Bay 228 255 -10.6% $251,500 $234,000 7.5%
Opa-Locka (unincorporated) 48 56 -14.3% $240,350 $203,700 18%
North Bay Village 64 60 6.7% $227,500 $219,250 3.8%
Miami (unincorporated) 2,085 2,089 -0.2% $220,000 $205,000 7.3%
Hialeah Gardens 46 42 9.5% $207,000 $158,500 30.6%
Homestead (unincorporated) 234 222 5.4% $205,800 $188,350 9.3%
Miami Gardens 410 424 -3.3% $199,650 $160,100 24.7%
West Perrine 33 37 -10.8% $186,800 $195,200 -4.3%
Hialeah 482 403 19.6% $181,650 $170,000 6.9%


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