What is the cost of living in Miami?

The typical home in Miami and the surrounding areas is listed for $499,000 right now. This price hasn't changed compared to last month, but it's a little lower than it was a year ago. \n\nEven though prices are down slightly year-over-year, the average listing price is actually up 7.8% over the past year, reaching $1,277,417. This suggests that more expensive homes are coming onto the market, pulling the average up. \n\nThere are fewer homes for sale now than there were a year ago, with active listings down 16.0%. This means there is less to choose from if you are looking to buy a home. \n\nHomes are staying on the market for about 82 days, which is slightly less time than last year. Also, about 15.2% of homes have had their prices reduced, which is a smaller share than a year ago. \n\nThe median price per square foot is $357, which is a slight decrease from last year. If you're planning to move to Miami, be aware that while the median listed price is stable, the average price is going up due to more high-end homes being listed.