Miami Shores Real Estate Trends Report: Comprehensive September 2024 Analysis
How is The Miami Shores Market Doing? Compared to a year ago?
There are currently 60 homes for sale: (compared to 44 a year ago)
- Highest priced listing is $8.1 M for the new construction home (not on the water) at 1275 NE 93rd St. A 6 bedroom / 6.5 bathroom “French Transitional Chateau” with 7,955 Sq.Ft. of living space on a 12,975 Sq. Ft. lot – estimated completion 2025 ($1,018/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): 16 (compared to 18 a year ago)
- Median Sales Price in September: $1,700,000 (compared to $1,000,000 a year ago)
- Closed sales in September: 11 (compared to 16 in September 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 $ 772 compared to $673 in September of 2023. Previous averages as follows:
- 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
- 2022’s average of $589
There were no Miami Shores waterfront homes sold in September, compared to one bayfront home sold in September of 2023 for $1,708/Sq.Ft. Previous averages as follows:
- 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 6 months of inventory
- Price-range moving the most continues to be between $1-1.5 Million and most inventory is above $1 Million
- Average sold price is $1.4 Million
- 45.7% of all deals are CASH
- 94.4% of all buyers do so as primary residents (homestead and live in their homes)
- Seller concessions are now 20.3% of all sales, averaging $16,000 (contribution from seller to buyer)
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