From July through December of 2021, there were 4,977 homes sold, with a median sale price of $400,000 - a 20.2% increase over the $332,750 median sale price for the same period of the previous year. There were 2,114 homes sold in Miami in the second half of 2020.
The median sales tax in Miami for the most recent year with available data, 2019, was $4,178, approximately 1% of the median home sale price for the second half of 2021.
The following table compares Miami to other Miami-Dade County cities with similar median sale prices in the second half of 2021:
| City | July - Dec. 2021 Home Sales | July - Dec. 2020 Home Sales | % change (Total Home Sales) | July - Dec. 2021 Median Sales Price | July - Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Miami Beach | 2,147 | 841 | 155.3% | $445,000 | $400,000 | 11.3% |
| Sunny Isles Beach | 624 | 241 | 158.9% | $439,500 | $340,000 | 29.3% |
| Virginia Gardens | 13 | 2 | 550% | $425,000 | $379,500 | 12% |
| Miami Lakes | 190 | 126 | 50.8% | $407,500 | $383,750 | 6.2% |
| Cutler Bay | 492 | 399 | 23.3% | $401,500 | $335,000 | 19.9% |
| Miami | 4,977 | 2,114 | 135.4% | $400,000 | $332,750 | 20.2% |
| Palmetto Estates | 95 | 65 | 46.2% | $380,000 | $339,900 | 11.8% |
| Opa-Locka (unincorporated) | 102 | 54 | 88.9% | $365,500 | $317,500 | 15.1% |
| Doral | 637 | 373 | 70.8% | $362,500 | $332,000 | 9.2% |
| Sweetwater | 53 | 20 | 165% | $360,000 | $307,500 | 17.1% |
| Richmond Heights | 62 | 46 | 34.8% | $357,500 | $303,500 | 17.8% |
Alerts Sign-up