How much is my Miami home worth?

The median listing price for homes in your area is $499,000, which has stayed pretty steady compared to last month. This price helps you understand the general value of homes like yours right now. Your home is worth more or less than this, depending on its specific features and condition. Looking at homes overall, prices are slightly down from last year, by 2.2%. However, there are fewer homes on the market right now, with active listings down 15.4% from last year. This means there's less competition among sellers to attract buyers. Homes in your area are taking a little longer to sell than they did last year. The typical home now spends 79 days on the market, which is about two days longer than a year ago. Also, fewer sellers are cutting their prices, with the share of homes seeing price reductions down 4.4% compared to last year. The average price per square foot is $358, a small dip of 1.3% from last year. Keep in mind that while the *median* price is about half a million, the *average* listing price is much higher at $1,307,193, mainly due to a few very expensive homes. To find out the exact value of your home, it's a good idea to chat with a local real estate agent who can look at your specific property and compare it to similar homes that have recently sold.