Miami Shores Real Estate Trends Report: Comprehensive October 2024 Analysis
How is The Miami Shores Market Doing? Compared to a year ago?
There are currently 69 homes for sale: (compared to 45 a year ago)
- Highest priced listing is $13.5M for the new construction at 9860 NE 5th Ave Rd – a 6,778 Sq.Ft. home with 6 bedrooms / 6.5 bathrooms, 21,814 Sq.Ft. lot ($1,992/Sq.Ft.)
- Lowest priced listing is $849,900 for the 3 bedroom / 2 bathroom home at 152 NW 103rd St. This remodeled home has 1,319 Sq.Ft. and sits on a 7,753 Sq.Ft. lot ($644/Sq.Ft.)
- Pending Sales (properties under contract): 11 (compared to 17 a year ago)
- Median Sales Price in October: $1,490,000 (compared to $1,200,000 a year ago)
- Closed sales in October: 12 (compared to 16 in October of 2023)
What is the average price per square foot in Miami Shores?
The average sold price per square foot in Miami Shores in September for homes not on the water was $ 735 compared to $661 in October of 2023. Previous averages as follows:
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- September’s average $772
- August’s average $733
- July’s average $761
- June’s average $775
- May’s average $720
- April’s Average $654
- March’s Average $699
- February’s Average $659
- January’s Average $583
- 2023’s average of $640
There were no Miami Shores waterfront homes sold in October of this year or last year. Previous averages as follows:
- Septermber’s average – no waterfront sales
- August’s average – $508 (one sale – lake)
- July’s average – no waterfront sales
- June’s average – no waterfront sales
- May’s average – no waterfront sales
- April’s average $786
- March’s Average $1,298 (one sale)
- February’s Average – no waterfront sales
- January’s Average – no waterfront sales
Miami Shores Real Estate Micro-Stats
Feel free to download our complete market report for the last 12 months, showing micro-stats for Houses for Sale Miami Shores
- Balanced market with 7 months of inventory
- Price-range moving the most is above $1 Million
- Average sold price is $1.5 Million
- 45.6% of all deals are CASH
- 92.8% of all buyers do so as primary residents (homestead and live in their homes)
- Seller concessions are now 20.1% of all sales, averaging $16,000 (contribution from seller to buyer)
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