Median Sale Price Average Sale Price
Monthly Market Detail - August 2024 Townhouses and Condos Miami-Dade County
Median Sale Price
The median sale price reported for the month ( i . e . 50 % of sales were above and 50 % of sales were below )
Economists ' note : Median Sale Price is our preferred summary statistic for price activity because , unlike Average Sale Price , Median Sale Price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area . Keep in mind that median price trends over time are not always solely caused by changes in the general value of local real estate . Median sale price only reflects the values of the homes that sold each month , and the mix of the types of homes that sell can change over time .
Month |
Median Sale Price |
Percent Change
Year-over-Year
|
Year-to-Date |
$ 425,000 |
3.7 % |
August 2024 |
$ 415,000 |
-0.2% |
July 2024 |
$ 424,950 |
1.2 % |
June 2024 |
$ 420,000 |
0.5 % |
May 2024 |
$ 425,000 |
2.4 % |
April 2024 |
$ 444,000 |
7.0 % |
March 2024 |
$ 445,000 |
11.3 % |
February 2024 |
$ 420,000 |
7.7 % |
January 2024 |
$ 405,750 |
1.4 % |
December 2023 |
$ 410,000 |
9.5 % |
November 2023 |
$ 420,000 |
6.3 % |
October 2023 |
$ 405,000 |
4.2 % |
September 2023 |
$ 415,000 |
5.1 % |
August 2023 |
$ 416,000 |
10.9 % |
$ 500K $ 400K $ 300K $ 200K $ 100K
$ 0K
2020 2021 2022 2023 2024
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
Average Sale Price
The average sale price reported for the month ( i . e . total sales in dollars divided by the number of sales )
Economists ' note : Usually , we prefer Median Sale Price over Average Sale Price as a summary statistic for home prices . However , Average Sale Price does have its uses — particularly when it is analyzed alongside the Median Sale Price . For one , the relative difference between the two statistics can provide some insight into the market for higher-end homes in an area .
Month |
Average Sale Price |
Percent Change
Year-over-Year
|
Year-to-Date |
$ 745,774 |
7.5 % |
August 2024 |
$ 657,513 |
-5.4% |
July 2024 |
$ 728,917 |
11.4 % |
June 2024 |
$ 765,185 |
10.5 % |
May 2024 |
$ 728,792 |
1.7 % |
April 2024 |
$ 800,916 |
22.0 % |
March 2024 |
$ 783,764 |
3.7 % |
February 2024 |
$ 753,385 |
9.7 % |
January 2024 |
$ 735,325 |
10.1 % |
December 2023 |
$ 642,700 |
2.2 % |
November 2023 |
$ 675,415 |
2.6 % |
October 2023 |
$ 652,621 |
3.2 % |
September 2023 |
$ 628,135 |
-1.3% |
August 2023 |
$ 694,996 |
27.7 % |
$ 1000K $ 800K $ 600K $ 400K $ 200K
$ 0K
2020 2021 2022 2023 2024
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
Produced by Florida Realtors ® with data provided by Florida ' s multiple listing services . Statistics for each month compiled from MLS feeds on the 15th day of the following month . Data released on Thursday , September 19 , 2024 . Next data release is Wednesday , October 23 , 2024 .