Median Sale Price Average Sale Price
Monthly Market Detail - August 2024 Single-Family Homes 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 |
$ 650,000 |
8.4 % |
August 2024 |
$ 640,000 |
3.2 % |
July 2024 |
$ 670,000 |
6.1 % |
June 2024 |
$ 657,000 |
5.5 % |
May 2024 |
$ 650,000 |
4.8 % |
April 2024 |
$ 654,000 |
9.0 % |
March 2024 |
$ 650,000 |
14.0 % |
February 2024 |
$ 650,000 |
17.1 % |
January 2024 |
$ 630,000 |
15.6 % |
December 2023 |
$ 610,000 |
14.9 % |
November 2023 |
$ 615,000 |
11.8 % |
October 2023 |
$ 618,217 |
7.5 % |
September 2023 |
$ 600,000 |
5.6 % |
August 2023 |
$ 620,000 |
12.5 % |
$ 800K
$ 600K
2020 2021 2022 2023 2024
$ 400K
$ 200K
$ 0K
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 |
$ 1,139,621 |
16.2 % |
August 2024 |
$ 1,042,133 |
-1.3% |
July 2024 |
$ 1,192,280 |
28.2 % |
June 2024 |
$ 1,259,169 |
21.8 % |
May 2024 |
$ 1,189,809 |
14.8 % |
April 2024 |
$ 1,126,646 |
21.9 % |
March 2024 |
$ 1,085,138 |
19.5 % |
February 2024 |
$ 1,005,137 |
3.5 % |
January 2024 |
$ 1,206,990 |
21.5 % |
December 2023 |
$ 907,066 |
12.8 % |
November 2023 |
$ 987,845 |
10.5 % |
October 2023 |
$ 1,117,267 |
13.5 % |
September 2023 |
$ 1,099,752 |
25.8 % |
August 2023 |
$ 1,055,581 |
8.9 % |
$ 1400K $ 1200K $ 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 .