Welcome to this overview of Miami, a city in Florida with an interesting real estate market. In this text, we’ll provide you with insights on the city’s housing market, home values, crime rates, and other neighborhood resources. Whether you’re a property investor, realtor, manager, or simply interested in learning more about Miami’s real estate landscape, read on to discover valuable information and resources.
OVERVIEW
Miami is a city in Florida and consists of 47 neighborhoods. There are 7,800 homes for sale, ranging from $800 to $92M.
- Median listing home price: $699K
- Median listing home price/Sq ft: $535
- Median sold home price: $545K
REAL ESTATE MARKET IN MIAMI
Miami, FL Housing Market
In December 2023, the median home price in Miami rose by 11.8% from the previous year, reaching $570K. Homes typically spent 69 days on the market, slightly less than the 71 days recorded the previous year. The number of homes sold increased to 496, compared to 473 in December of the previous year. Read more.
Miami Real Estate Market Forecast 2024: Will it Crash?
Discover the latest predictions for Miami’s real estate market in 2024, including insights into housing trends, market stability, and investment opportunities. With a focus on population growth, economic strength, and rental market dynamics, explore whether investing in Miami’s vibrant real estate scene is right for you. Don’t miss out on the trends of the Miami housing market.
Miami Home Values
Check out Zillow’s report about Miami home values.
INTERESTING STORIES
Making sense of Miami: what America’s refuge city says about the US’s future
Miami is a “unique case in the history of the US where the identity of a city was born, in a sense, in another country”. Read more.
Will Miami’s Underdeck Right A Historical Wrong, Or Leave Black Residents Behind Again?
The Underdeck Bridge project could be a pioneer of reparative planning. Or it could lead to further displacement in this once-thriving Black neighborhood. Read more.
Gentrification strikes Miami’s Little Haiti as beach residents flee rising water
Little Haiti, a small neighborhood of just 3.5 square miles, is home to about 33,000 residents, most from Haiti and the Caribbean, and it’s already suffering the consequences of gentrification. Read more.
NEIGHBORHOOD RESOURCES
Miami Crime Map
Miami’s crime rate surpasses the national average, with a 1 in 34 chance of victimization. Though safer than cities of similar size, violent crime remains prevalent, with a 1 in 258 chance. Property crime is also above average, with a 1 in 39 likelihood. Read more.
Top Real Estate Agents
Looking for a real estate agent? Here are the 10 Top Real Estate Agents in Miami by sales transactions.
MIAMI HELPFUL REAL ESTATE ECONOMIC DEVELOPMENT RESOURCES
Community Development And Urban Renewal Associations
Community Development Support
- Miami Beach Community Development Corporation.
- Prosperity Social & Community Development Group, Inc. (PSCDG).
- Haitian American Community Development Corporation (HACDC).
Small Business, Leadership, And Community Engagement
Community Support
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Community Outreach
DAWGS philanthropy efforts have touched many lives:
- Helping Veterans realize a brighter, better future
- Giving a homeless family hope and a newly furnished home
- Providing opportunities for inner city teenage girls to live happier and healthier lifestyles
- Rescuing dogs that have been abandoned
- Providing employment opportunities for individuals with developmental disabilities
Learn more here.