In January 2018, there were 501 homes sold, with a median sale price of $275,000 - a 5.8% increase over the $260,000 median sale price for the same period of the previous year. There were 474 homes sold in Miami in January 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 January 2018.
The following table compares Miami to other Miami-Dade County cities with similar median sales prices in January 2018:
| City | Jan. 2018 Home Sales | Jan. 2017 Home Sales | % change (Total Home Sales) | Jan. 2018 Median Sales Price | Jan. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Kendall | 110 | 106 | 3.8% | $310,000 | $242,500 | 27.8% |
| Sunny Isles Beach | 51 | 48 | 6.3% | $300,000 | $260,000 | 15.4% |
| Country Walk | 27 | 22 | 22.7% | $300,000 | $298,750 | 0.4% |
| Palmetto Estates | 14 | 15 | -6.7% | $281,750 | $231,000 | 22% |
| Bay Harbor Islands | 8 | 9 | -11.1% | $281,500 | $1,178,800 | -76.1% |
| Miami | 501 | 474 | 5.7% | $275,000 | $260,000 | 5.8% |
| North Miami Beach (unincorporated) | 5 | 2 | 150% | $271,000 | $170,000 | 59.4% |
| Cutler Bay | 87 | 76 | 14.5% | $270,000 | $252,600 | 6.9% |
| Sweetwater | 10 | 11 | -9.1% | $265,050 | $320,000 | -17.2% |
| Doral | 68 | 59 | 15.3% | $253,700 | $297,500 | -14.7% |
| Opa-Locka (unincorporated) | 18 | 15 | 20% | $245,000 | $225,000 | 8.9% |
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