$385,000 House For Sale
3 bed, 2.0 bath, 1,542 sqft
The median home value in South Miami is $399,800. South Miami home values have gone up 2.1% over the past year and Zillow predicts they will rise 2.3% within the next year. The median list price per square foot in South Miami is $253, which is higher than the Miami-Fort Lauderdale Metro average of $158. The median price of homes currently listed in South Miami is $377,777 while the median price of homes that sold is $300,000. The median rent price in South Miami is $2,350, which is higher than the Miami-Fort Lauderdale Metro median of $1,800.
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.