How much is my Miami home worth?

The typical home in Miami-Fort Lauderdale-West Palm Beach is currently listed for $495,000. This price has dropped slightly by 0.8% from the previous month and is down 2.9% compared to last year. Your home’s value depends on its specific features and condition. There are 41,524 homes for sale right now, which is almost 17% fewer than there were a year ago. Even with fewer homes for sale, the median price per square foot is $356, a 1.0% decrease from last year. Homes are taking a bit longer to sell, staying on the market for a median of 85 days. This is 4.0% less time than last year, suggesting homes are moving a little quicker. About 14.5% of homes have had their prices reduced, which is a small decrease of 3.2% compared to last year. While the typical listing price has decreased, the average listing price has gone up to $1,241,606, an increase of 6.8% over the past year. This means there might be more high-end homes being listed, pulling the average up. To find out exactly what your Miami home is worth, it's a good idea to talk to a local real estate agent. They can compare your home to others that have recently sold in your neighborhood.