January 2021: Homestead experienced a 12.3% increase in median home prices

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The median sale price of a home sold in January 2021 in Homestead rose by $25,200 while total sales decreased by 86.7%, according to BlockShopper.com.

In January 2021, there were 19 homes sold, with a median sale price of $230,000 - a 12.3% increase over the $204,800 median sale price for the same period of the previous year. There were 143 homes sold in Homestead in January 2020.

The median sales tax in Homestead for the most recent year with available data, 2019, was $2,486, approximately 1.1% of the median home sale price for January 2021.

The following table compares Homestead to other Miami-Dade County cities with similar median sale prices in January 2021:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
North Miami2695-72.6%$300,000$203,00047.8%
North Bay Village923-60.9%$265,000$275,000-3.6%
Hialeah Gardens421-81%$255,000$250,0002%
Florida City (unincorporated) 37-57.1%$140,000$120,00016.7%
Virginia Gardens110%$130,000$160,000-18.8%
Florida City216-87.5%$110,000$151,650-27.5%

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