In June 2018, there were 644 homes sold, with a median sale price of $295,000 - a 5.4% increase over the $280,000 median sale price for the same period of the previous year. There were 649 homes sold in Miami in June 2017.
The median sales tax in Miami for the most recent year with available data, 2015, was $3,197, approximately 1.1% of the median home sale price for June 2018.
The following table compares Miami to other Miami-Dade County cities with similar median sales prices in June 2018:
City | June 2018 Home Sales | June 2017 Home Sales | % change (Total Home Sales) | June 2018 Median Sales Price | June 2017 Median Sales Price | % change (Median Sales Price) |
---|---|---|---|---|---|---|
Miami Springs | 17 | 21 | -19% | $370,000 | $375,000 | -1.3% |
Miami Beach | 250 | 265 | -5.7% | $367,000 | $375,000 | -2.1% |
Country Walk | 31 | 25 | 24% | $342,000 | $307,000 | 11.4% |
Virginia Gardens | 3 | 1 | 200% | $315,000 | $300,000 | 5% |
South Miami (unincorporated) | 36 | 31 | 16.1% | $300,950 | $259,000 | 16.2% |
Miami | 644 | 649 | -0.8% | $295,000 | $280,000 | 5.4% |
Sunny Isles Beach | 66 | 67 | -1.5% | $280,000 | $345,000 | -18.8% |
Palmetto Estates | 32 | 24 | 33.3% | $277,450 | $258,950 | 7.1% |
Kendall | 155 | 123 | 26% | $275,000 | $299,000 | -8% |
Doral | 112 | 93 | 20.4% | $274,500 | $265,000 | 3.6% |
Cutler Bay | 104 | 114 | -8.8% | $272,500 | $265,000 | 2.8% |