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North Miami-Dade News

Thursday, November 14, 2024

Median home prices in North Miami fell to $265,000 in August 2021

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Adobe Stock

The median sale price of a home sold in August 2021 in North Miami fell by $70,000 while total sales increased by 888.9%, according to BlockShopper.com.

In August 2021, there were 89 homes sold, with a median sale price of $265,000 - a 20.9% decrease over the $335,000 median sale price for the same period of the previous year. There were nine homes sold in North Miami in August 2020.

The median sales tax in North Miami for the most recent year with available data, 2019, was $2,400, approximately 0.9% of the median home sale price for August 2021.

The following table compares North Miami to other Miami-Dade County cities with similar median sale prices in August 2021:

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
Miami Gardens13043150%$277,500$322,500-14%
North Miami Beach8218100%$276,500$360,000-23.2%
Hialeah176131253.8%$275,800$300,000-8.1%
Opa-Locka70-$269,900$0-
Homestead13391377.8%$265,000$210,00026.2%
North Miami899888.9%$265,000$335,000-20.9%
Brownsville180-$241,000$0-
Florida City100-$205,500$0-
Hialeah (unincorporated) 5641300%$199,500$311,000-35.9%
Medley10-$108,800$0-
Virginia Gardens30-$87,900$0-

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