What is the median home price in Miami?

The median home price in Miami is currently $495,000. This price is slightly lower than last month and also a bit lower than it was a year ago. If you're looking to buy in Miami right now, homes are listed at a median price of $495,000. This is down slightly by 0.8% from the previous month, and it's also 2.9% lower compared to this time last year. There are currently 41,524 homes for sale, which is 16.9% fewer than there were a year ago. Even with fewer homes available, new listings are also down by 2.9% compared to last year. Homes are staying on the market for about 85 days, which is a bit quicker than they were last year. Also, 14.5% of homes have had their prices reduced, meaning some sellers are open to negotiating. For potential buyers, the slight decrease in median price and the fact that some homes are seeing price reductions could present opportunities to find a good deal.