What happened to the median home price in North Bay Village during January 2021?

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The median sale price of a home sold in January 2021 in North Bay Village fell by $10,000 while total sales decreased by 60.9%, according to BlockShopper.com.

In January 2021, there were nine homes sold, with a median sale price of $265,000 - a 3.6% decrease over the $275,000 median sale price for the same period of the previous year. There were 23 homes sold in North Bay Village in January 2020.

The median sales tax in North Bay Village for the most recent year with available data, 2019, was $4,004, approximately 1.5% of the median home sale price for January 2021.

The following table compares North Bay Village 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)
Cutler Bay2284-73.8%$319,300$285,50011.8%
Richmond Heights212-83.3%$310,000$277,50011.7%
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%

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