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North Miami-Dade News

Monday, November 25, 2024

North Miami home prices rise in the third quarter of 2019

Realestate5

The median sale price of a home sold in the third quarter of 2019 in North Miami rose by $27,000 while total sales decreased by 14%, according to BlockShopper.com.

From July through September of 2019, there were 227 homes sold, with a median sale price of $210,000 - a 14.8% increase over the $183,000 median sale price for the same period of the previous year. There were 264 homes sold in North Miami in the third quarter of 2018.

The median sales tax in North Miami for the most recent year with available data, 2015, was $1,903, approximately 0.9% of the median home sale price for the third quarter of 2019.

The following table compares North Miami to other Miami-Dade County cities with similar median sales prices in the third quarter of 2019:

CityJuly - Sept. 2019 Home SalesJuly - Sept. 2018 Home Sales% change (Total Home Sales)July - Sept. 2019 Median Sales PriceJuly - Sept. 2018 Median Sales Price% change (Median Sales Price)
North Bay Village70674.5%$221,750$230,000-3.6%
North Miami Beach163307-46.9%$221,000$127,80072.9%
Hialeah478492-2.8%$220,900$216,0502.2%
Miami Gardens417472-11.7%$220,500$210,5504.7%
West Perrine393125.8%$215,000$146,50046.8%
North Miami227264-14%$210,000$183,00014.8%
Homestead3773459.3%$188,500$185,0001.9%
Hialeah (unincorporated) 166186-10.8%$187,700$163,50014.8%
Brownsville675131.4%$185,000$171,0008.2%
Florida City322623.1%$170,050$144,75017.5%
Opa-Locka3842-9.5%$167,700$151,25010.9%

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