How did home prices perform in South Miami (unincorporated) during January 2021?

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The median sale price of a home sold in January 2021 in South Miami (unincorporated) rose by $710,000 while total sales decreased by 60%, according to

In January 2021, there were 14 homes sold, with a median sale price of $1,085,000 - a 189.3% increase over the $375,000 median sale price for the same period of the previous year. There were 35 homes sold in South Miami (unincorporated) in January 2020.

The median sales tax in South Miami (unincorporated) for the most recent year with available data, 2019, was $4,386, approximately 0.4% of the median home sale price for January 2021.

The following table compares South Miami (unincorporated) 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)
Bal Harbour78-12.5%$2,300,000$552,500316.3%
Key Biscayne252025%$2,220,000$747,500197%
Miami Beach146238-38.7%$1,342,500$329,500307.4%
Coral Gables5681-30.9%$1,095,000$632,00073.3%
South Miami (unincorporated) 1435-60%$1,085,000$375,000189.3%
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%

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