In August 2021, there were 943 homes sold, with a median sale price of $387,500 - a 68.8% increase over the $229,500 median sale price for the same period of the previous year. There were 28 homes sold in Miami in August 2020.
The median sales tax in Miami for the most recent year with available data, 2019, was $4,178, approximately 1.1% of the median home sale price for August 2021.
The following table compares Miami to other Miami-Dade County cities with similar median sale prices in August 2021:
| City | Aug. 2021 Home Sales | Aug. 2020 Home Sales | % change (Total Home Sales) | Aug. 2021 Median Sales Price | Aug. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Country Walk | 43 | 2 | 2050% | $485,000 | $102,200 | 374.6% |
| Miami Springs | 17 | 2 | 750% | $465,000 | $595,500 | -21.9% |
| Miami Beach | 423 | 15 | 2720% | $453,000 | $465,000 | -2.6% |
| West Miami | 7 | 0 | - | $449,000 | $0 | - |
| Sunny Isles Beach | 132 | 1 | 13100% | $399,000 | $940,000 | -57.6% |
| Miami | 943 | 28 | 3267.9% | $387,500 | $229,500 | 68.8% |
| Cutler Bay | 90 | 4 | 2150% | $378,800 | $360,000 | 5.2% |
| West Perrine | 13 | 0 | - | $375,000 | $0 | - |
| Palmetto Estates | 23 | 3 | 666.7% | $365,000 | $336,000 | 8.6% |
| Aventura | 266 | 2 | 13200% | $362,000 | $370,000 | -2.2% |
| Richmond Heights | 12 | 0 | - | $360,000 | $0 | - |
Alerts Sign-up