Homestead home prices rise in July 2020

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The median sale price of a home sold in July 2020 in Homestead rose by $67,250 while total sales decreased by 65%, according to

In July 2020, there were 56 homes sold, with a median sale price of $245,000 - a 37.8% increase over the $177,750 median sale price for the same period of the previous year. There were 160 homes sold in Homestead in July 2019.

The median sales tax in Homestead for the most recent year with available data, 2019, was $2,486, approximately 1% of the median home sale price for July 2020.

The following table compares Homestead to other Miami-Dade County cities with similar median sales prices in July 2020:

CityJuly 2020 Home SalesJuly 2019 Home Sales% change (Total Home Sales)July 2020 Median Sales PriceJuly 2019 Median Sales Price% change (Median Sales Price)
Homestead (unincorporated) 48101-52.5%$279,500$271,0003.1%
Hialeah (unincorporated) 2383-72.3%$272,000$175,00055.4%
North Bay Village727-74.1%$250,000$214,70016.4%
North Miami4381-46.9%$240,000$240,0000%
North Miami Beach2772-62.5%$207,000$250,000-17.2%
Hialeah Gardens615-60%$205,000$305,500-32.9%
Florida City413-69.2%$150,000$165,000-9.1%

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