Miami Beach Real Estate Trends & Statistics

Miami Beach Median List Price

$490,000

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Miami Beach Market Snapshot

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	Today	1 Month Ago		1 Year Ago
Total Inventory	1,771	1,845	4%	1,921	8%
Median List Price	$490,000	$478,000	3%	$469,000	4%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	2%	2%		3%
Median DOM	85	83	2%	106	20%
Median House Size	1,025	1,002	2%	1,050	2%
Median $/Sqft	$498/sqft	$482/sqft	3%	$449/sqft	11%

	Today	1 Month Ago		1 Year Ago
Total Inventory	224	241	7%	274	18%
Median List Price	$2,200,000	$2,350,000	6%	$2,000,000	10%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	4%	3%		1%
Median DOM	113	103	10%	176	36%
Median House Size	3,700	3,850	4%	3,609	3%
Median $/Sqft	$651/sqft	$656/sqft	1%	$571/sqft	14%

	Today	1 Month Ago		1 Year Ago
Total Inventory	1,547	1,604	4%	1,647	6%
Median List Price	$430,000	$400,000	7%	$390,000	10%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	2%	2%		3%
Median DOM	82	81	1%	100	18%
Median House Size	924	900	3%	940	2%
Median $/Sqft	$486/sqft	$466/sqft	4%	$431/sqft	13%

Miami Beach Market Data

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	10/12	11/12	12/12	1/13	2/13	3/13	4/13
Price Reductions	202	185	155	215	185	177	167
New Listings	458	433	397	514	489	456	495
Sold/Expired	498	482	489	584	559	592	528

	10/12	11/12	12/12	1/13	2/13	3/13	4/13
Price Reductions	28	18	13	29	23	27	18
New Listings	57	51	54	71	39	37	51
Sold/Expired	53	57	51	68	65	66	48

	10/12	11/12	12/12	1/13	2/13	3/13	4/13
Price Reductions	174	167	142	186	162	150	149
New Listings	401	382	343	443	450	419	444
Sold/Expired	445	425	438	516	494	526	480

Miami Beach, Florida real estate market statistics are calculated by Movoto every day from various sources so that you can stay up-to-date with trends in the Miami Beach homes for sale market. Movoto displays information on foreclosures, short-sales, and REO (real estate owned) properties in both charts and graphs so that you can see the percentage of distressed listings in Miami Beach. Movoto is your comprehensive source for Miami Beach property information. We try to display data that is as accurate as possible, but we cannot guarantee the accuracy of our statistics. The data on this page is for informational purposes only.

Miami Beach, FL Market Overview

Inventory: 1,771 Recently Sold: 528 New Listings: 495 Distressed: 2

Miami Beach's home resale inventories decreased slightly, with a 4 percent decrease since April 2013. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in May. The median listing price in Miami Beach went up from April to May. There were a total of 115 price increases and 167 price decreases.

Updated: 05/01/2013

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Nearby Homes for Sale

101 20 St #2507, Miami Beach, FL