Home Values

Miami Shores Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$442,200

  • 3.6% 1-year change
  • -0.5% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cold

Buyers' Market
Sellers' Market

The median home value in Miami Shores is $442,200. Miami Shores home values have gone up 3.6% over the past year and Zillow predicts they will fall -0.5% within the next year. The median list price per square foot in Miami Shores is $255, which is higher than the Miami-Fort Lauderdale Metro average of $160. The median price of homes currently listed in Miami Shores is $449,900 while the median price of homes that sold is $535,575. The median rent price in Miami Shores is $2,625, which is higher than the Miami-Fort Lauderdale Metro median of $1,800.

Relative ZHVI
- +

Miami Shores Market Overview

Data through Sep 30, 2014
  • $442,200 ZHVI
  • -0.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Sep 30, 2015)
  • $449,900 Median listing price
  • $535,575 Median sale price
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Miami Shores Market Health

Data through Sep 30, 2014
  • 2.5/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • No data Homes with negative equity (17.0% US Avg)
  • No data Delinquent on mortgage (6.9% US Avg)
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Nearby Cities

Name Median ZHVI
Biscayne Park $354,200
El Portal $303,800
Bay Harbor Islands $258,200
Name Median ZHVI
North Bay Village $253,500
North Miami Beach $151,100
Golden Glades $139,800
Name Median ZHVI
North Miami $129,000
West Little River $102,400
Gladeview $86,600

Listings & Sales

Data through Sep 30, 2014
  • $255 Median list price / sq ft
  • $255 Median sale price / sq ft
  • 37.7% Listings with price cut
8.2%
Sold below listing
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Miami Shores Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $2,573 Miami Shores
    $1,775 Miami-Fort Lauderdale Metro
    $1,335 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,625 Rent list price
  • $1.61 Rent list price / sq ft
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