In May 2018, there were 601 homes sold, with a median sale price of $283,100 - a 7.4% increase over the $263,500 median sale price for the same period of the previous year. There were 654 homes sold in Miami in May 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 May 2018.
The following table compares Miami to other Miami-Dade County cities with similar median sales prices in May 2018:
| City | May 2018 Home Sales | May 2017 Home Sales | % change (Total Home Sales) | May 2018 Median Sales Price | May 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Virginia Gardens | 2 | 3 | -33.3% | $332,500 | $295,000 | 12.7% |
| Country Walk | 28 | 28 | 0% | $321,500 | $291,500 | 10.3% |
| Miami Lakes | 30 | 41 | -26.8% | $321,350 | $265,000 | 21.3% |
| Aventura | 127 | 110 | 15.5% | $320,000 | $280,000 | 14.3% |
| Doral | 87 | 78 | 11.5% | $301,000 | $255,000 | 18% |
| Miami | 601 | 654 | -8.1% | $283,100 | $263,500 | 7.4% |
| Palmetto Estates | 18 | 21 | -14.3% | $281,000 | $240,000 | 17.1% |
| Sweetwater | 3 | 10 | -70% | $278,300 | $180,000 | 54.6% |
| Cutler Bay | 105 | 97 | 8.2% | $273,000 | $250,000 | 9.2% |
| Kendall | 136 | 153 | -11.1% | $269,250 | $270,000 | -0.3% |
| Bay Harbor Islands | 12 | 9 | 33.3% | $262,500 | $300,000 | -12.5% |
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