From January through December of 2021, there were 4,767 homes sold, with a median sale price of $500,000 - a 38.9% increase over the $359,900 median sale price for the previous year. There were 1,879 homes sold in Miami Beach in 2020.
The median sales tax in Miami Beach for the most recent year with available data, 2019, was $5,352, approximately 1.1% of the median home sale price for 2021.
The following table compares Miami Beach to other Miami-Dade County cities with similar median sale prices in 2021:
| City | Jan. - Dec. 2021 Home Sales | Jan. - Dec. 2020 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2021 Median Sales Price | Jan. - Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Palmetto Bay | 666 | 522 | 27.6% | $660,000 | $525,000 | 25.7% |
| South Miami (unincorporated) | 458 | 271 | 69% | $655,000 | $525,000 | 24.8% |
| South Miami | 233 | 163 | 42.9% | $615,000 | $575,000 | 7% |
| Biscayne Park | 85 | 55 | 54.5% | $570,000 | $479,000 | 19% |
| El Portal | 79 | 39 | 102.6% | $550,000 | $495,000 | 11.1% |
| Miami Beach | 4,767 | 1,879 | 153.7% | $500,000 | $359,900 | 38.9% |
| Medley | 12 | 5 | 140% | $477,500 | $560,000 | -14.7% |
| West Miami | 75 | 68 | 10.3% | $460,000 | $392,500 | 17.2% |
| Miami Springs | 197 | 134 | 47% | $453,500 | $413,850 | 9.6% |
| Country Walk | 309 | 254 | 21.7% | $427,500 | $360,000 | 18.8% |
| Sunny Isles Beach | 1,331 | 509 | 161.5% | $425,000 | $321,000 | 32.4% |
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