Miami, Fl Housing Market
Home prices in Miami were up 2.9% year-over-year in September . At the same time, the number of sold homes fell by 14% and sell in around 91 days on average.
Miami Housing Market Overview
In September 2024, home prices in Miami increased by 2.9% compared to the previous year, with a median sale price of $605,000. The number of homes sold dropped by 14% year-over-year, with 400 homes sold in 2024, compared to 456 in 2023. Additionally, the median time a home stayed on the market increased by 51.6%, reaching 91 days.
Median Price
Historical Median Price for past 24 months
Top Markets in Miami
Market | Mashmeter Score | Optimal Strategy | Median Price |
|---|---|---|---|
Liberty City East, FL | A- | Short-term | 649,000 |
South-West Coconut Grove, FL | B+ | Short-term | 649,000 |
Auburndale, FL | B | Short-term | 649,000 |
Overtown, FL | B- | Short-term | 649,000 |
Wynwood - Edgewater, FL | C | Short-term | 649,000 |
Top Neighborhoods in Miami
Miami short term regulations
Miami, FL
Rating:
Legal for non-occupied:
Area-related restrictions
Rule Summary:
Determine if your property is in a permissible transect zone and if its land use is categorized as lodging. Then, a Certificate of Use and Business Tax Receipt will have to be obtained from the City of Miami. To obtain a Certificate of Use, you must provide Miami's Zoning office with a certificate of occupancy issued by the Building Department, reflecting your building's approval for lodging land use.
Rented days limit:
No limit
Miami Top Investment Properties Under Median Price
$525,000
20822 SW 123rd Ct, Miami , FL 33177
South-West Coconut Grove
Single Family Residential
Read More About Florida Market
10 Florida Landlord Tenant Laws You Should Know
20 Best Places to Invest in Real Estate in Florida 2025
40 Best Places to Invest in Real Estate
Understanding Landlord Insurance in Florida: A Guide for Real Estate Investors
