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Sunday, April 20, 2025

The fourth quarter of 2021: Home prices in El Portal increased

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The median sale price of a home sold in the fourth quarter of 2021 in El Portal rose by $172,000 while total sales increased by 60%, according to BlockShopper.com.

From October through December of 2021, there were 16 homes sold, with a median sale price of $639,500 - a 36.8% increase over the $467,500 median sale price for the same period of the previous year. There were 10 homes sold in El Portal in the fourth quarter of 2020.

The median sales tax in El Portal for the most recent year with available data, 2019, was $4,675, approximately 0.7% of the median home sale price for the fourth quarter of 2021.

The following table compares El Portal to other Miami-Dade County cities with similar median sale prices in the fourth quarter of 2021:

CityOct. - Dec. 2021 Home SalesOct. - Dec. 2020 Home Sales% change (Total Home Sales)Oct. - Dec. 2021 Median Sales PriceOct. - Dec. 2020 Median Sales Price% change (Median Sales Price)
Coral Gables27315773.9%$1,050,000$870,00020.7%
Miami Shores724175.6%$877,250$662,50032.4%
Surfside774187.8%$750,000$649,00015.6%
South Miami542986.2%$722,000$670,0007.8%
Palmetto Bay1269335.5%$705,750$550,00028.3%
El Portal161060%$639,500$467,50036.8%
Biscayne Park161060%$595,000$473,50025.7%
Medley21100%$592,500$330,00079.5%
Miami Springs4619142.1%$520,000$445,00016.9%
West Miami14137.7%$491,250$400,00022.8%
South Miami (unincorporated) 11556105.4%$470,000$660,000-28.8%

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