In December 2021, there were 350 homes sold, with a median sale price of $462,500 - a 44.3% decrease over the $830,000 median sale price for the same period of the previous year. There were five homes sold in Miami Beach in December 2020.
The median sales tax in Miami Beach for the most recent year with available data, 2019, was $5,352, approximately 1.2% of the median home sale price for December 2021.
The following table compares Miami Beach to other Miami-Dade County cities with similar median sale prices in December 2021:
| City | Dec. 2021 Home Sales | Dec. 2020 Home Sales | % change (Total Home Sales) | Dec. 2021 Median Sales Price | Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Palmetto Bay | 48 | 2 | 2300% | $680,000 | $824,000 | -17.5% |
| Biscayne Park | 8 | 0 | - | $602,500 | $0 | - |
| Medley | 1 | 0 | - | $585,000 | $0 | - |
| Miami Springs | 20 | 0 | - | $565,000 | $0 | - |
| Sunny Isles Beach | 105 | 0 | - | $465,000 | $0 | - |
| Miami Beach | 350 | 5 | 6900% | $462,500 | $830,000 | -44.3% |
| South Miami (unincorporated) | 42 | 2 | 2000% | $441,250 | $1,215,000 | -63.7% |
| West Miami | 7 | 0 | - | $439,000 | $0 | - |
| Miami | 907 | 9 | 9977.8% | $430,000 | $290,000 | 48.3% |
| Palmetto Estates | 11 | 0 | - | $430,000 | $0 | - |
| Cutler Bay | 74 | 3 | 2366.7% | $425,000 | $225,000 | 88.9% |
Alerts Sign-up