Median home prices in Miami rose to $420,000 in January 2021

Medium realestate1

The median sale price of a home sold in January 2021 in Miami rose by $120,000 while total sales decreased by 68.2%, according to

In January 2021, there were 201 homes sold, with a median sale price of $420,000 - a 40% increase over the $300,000 median sale price for the same period of the previous year. There were 633 homes sold in Miami in January 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 January 2021.

The following table compares Miami 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)
Biscayne Park24-50%$567,500$530,0007.1%
Miami Lakes646-87%$450,500$378,75018.9%
West Miami35-40%$445,000$322,00038.2%
North Miami Beach2161-65.6%$435,000$177,000145.8%
Miami Springs318-83.3%$425,000$427,250-0.5%
West Perrine315-80%$410,000$296,00038.5%
Hialeah (unincorporated) 1169-84.1%$405,000$195,000107.7%
Miami (unincorporated) 186736-74.7%$397,500$243,50063.2%
Bay Harbor Islands11110%$397,000$255,00055.7%

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