South Miami Home Prices & Values

$399,800 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.1% 1-year change
  • 2.3% 1-year forecast

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.

Relative ZHVI
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South Miami Market Overview

Data through Jul 31, 2014
  • $399,800 ZHVI
  • 2.3% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $377,777 Median listing price
  • $300,000 Median sale price (Jun 30, 2014)
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South Miami Market Health

Data through Jul 31, 2014
  • 1.8/10 Less healthy What's This?  
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    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 Name Median ZHVI Name Median ZHVI
Pinecrest $826,800 Coral Gables $671,500 Sunset $304,600
Olympia Heights $284,100 West Miami $278,500 Coral Terrace $268,000
Westchester $267,100 Kendall $242,400 Glenvar Heights $191,000

Listings & Sales

Data through Jul 31, 2014
  • $253 Median list price / sq ft
  • $228 Median sale price / sq ft (Jun 30, 2014)
  • 29.5% Listings with price cut
15.2%
Sold below listing
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South Miami Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$2,474 South Miami
$1,761 Miami-Fort Lauderdale Metro
$1,318 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $2,350 Rent list price
  • $1.98 Rent list price / sq ft
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