South Miami, FL
Housing market overview · Updated weekly
$1.07Mmedian sale price
Homes sold
8
Last 12 weeks
Days on market
108
Average pace
Active listings
55
6.9 months supply
Sale-to-list
93.2%
Below asking
The South Miami housing market is currently classified as a buyer's market with a median sale price of $1.07M. Prices have fallen 30.9% compared to last year, with homes spending an average of 108 days on market, indicating 6.9 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in South Miami
There are currently 55 homes listed for sale in South Miami, Florida. The median listing price is $1.2M.
Active listings
55
Homes on market
Median list price
$1.2M
Avg. days on market
108
Days until sale
New this week
17
Newly listed
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Frequently asked questions
What is the average home price in South Miami?
The median home sale price in South Miami is $1.07M, down 30.9% from last year.
How long do homes stay on market in South Miami?
Homes typically spend 108 days on market before going under contract.
Is South Miami a buyer's or seller's market?
With 6.9 months of supply, South Miami is currently a buyer's market.
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