In September 2018, there were 559 homes sold, with a median sale price of $261,000 - a 6.8% decrease over the $280,000 median sale price for the same period of the previous year. There were 344 homes sold in Miami in September 2017.
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 September 2018.
The following table compares Miami to other Miami-Dade County cities with similar median sales prices in September 2018:
| City | Sept. 2018 Home Sales | Sept. 2017 Home Sales | % change (Total Home Sales) | Sept. 2018 Median Sales Price | Sept. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Palmetto Estates | 23 | 11 | 109.1% | $310,000 | $211,500 | 46.6% |
| Hialeah Gardens | 18 | 8 | 125% | $271,850 | $182,500 | 49% |
| Kendall | 101 | 90 | 12.2% | $270,000 | $275,000 | -1.8% |
| Opa-Locka (unincorporated) | 20 | 7 | 185.7% | $270,000 | $167,200 | 61.5% |
| Aventura | 107 | 76 | 40.8% | $262,500 | $288,200 | -8.9% |
| Miami | 559 | 344 | 62.5% | $261,000 | $280,000 | -6.8% |
| Cutler Bay | 76 | 55 | 38.2% | $250,050 | $282,000 | -11.3% |
| South Miami (unincorporated) | 29 | 21 | 38.1% | $245,000 | $161,900 | 51.3% |
| Hialeah | 147 | 103 | 42.7% | $235,000 | $158,000 | 48.7% |
| Miami Gardens | 122 | 88 | 38.6% | $234,250 | $191,250 | 22.5% |
| Bay Harbor Islands | 10 | 8 | 25% | $234,250 | $287,500 | -18.5% |
Alerts Sign-up