Miami Shores Real Estate Market Report – January 2025 Trends & Analysis
Miami Shores Market Report – What You Need to Know (and What to Do About It!)
Miami Shores real estate is always evolving; the latest numbers tell an interesting story. If you’re thinking of buying or selling, understanding these trends can make all the difference. Let’s break it down in plain English—no fluff, just the real deal.
🚨 Sellers, Are You Overpricing?
There’s an $800K gap between what sellers are asking ($2.3M) and what buyers are actually paying ($1.5M). That’s a big reality check. If your home isn’t selling, it might be priced for a dream, not the market. The good news? Homes are selling—but at the right price.
💰 Buyers, Negotiation is Your Best Friend
On average, homes are closing 7% below asking price—translation: there’s room to negotiate. Plus, with active listings priced $80 higher per square foot than what’s actually selling, some sellers might be shooting too high. If you’re buying, make sure you’re paying market value, not wishful thinking.
🏡 The Market is Moving
With 143 homes sold in the past 12 months and only 78 currently for sale, Miami Shores is a healthy, high-demand market. Homes are taking 104 days to sell, with new listings moving slightly faster at 94 days. This could mean demand is picking up—but pricing strategy is still key.
📈 Big Market, Big Opportunities
This isn’t just any neighborhood—Miami Shores real estate pulled in $217.1M in total sales volume over the past year. That’s a serious number. Whether you’re selling or buying, the right strategy can put you in the driver’s seat.
So, What’s Your Next Move?
Sellers: If your home isn’t getting traction, it’s time for a pricing reality check. Let’s get it sold the right way.
Buyers: Deals are happening, and negotiation is key. Let’s make sure you’re getting the most for your money.
At Miamism, we don’t just report the numbers—we help you use them to your advantage. Want to strategize your next move? Let’s talk. Contact us today. 🚀🏡