January 2021: Home prices in Biscayne Park increased

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The median sale price of a home sold in January 2021 in Biscayne Park rose by $37,500 while total sales decreased by 50%, according to BlockShopper.com.

In January 2021, there were two homes sold, with a median sale price of $567,500 - a 7.1% increase over the $530,000 median sale price for the same period of the previous year. There were four homes sold in Biscayne Park in January 2020.

The median sales tax in Biscayne Park for the most recent year with available data, 2019, was $5,857, approximately 1% of the median home sale price for January 2021.

The following table compares Biscayne Park 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)
Sunny Isles Beach3873-47.9%$685,000$267,000156.6%
Palmetto Bay1860-70%$660,500$437,00051.1%
El Portal16-83.3%$655,000$472,00038.8%
Miami Shores2026-23.1%$655,000$527,50024.2%
South Miami724-70.8%$600,000$407,50047.2%
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%

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