South Beach is a neighborhood in Miami Beach. In April 2023, the median listing home price in South Beach was $579.9K, trending up 5.8% year-over-year. The median listing home price per square foot was $762. The median home sold price was $386K.
Months of Inventory
The current months of inventory was 6.3 months, up 66.7% from 12 months ago and down over 66% from 2020.
Miami Beach April 2023 Sold Trends
The median sold price was $386,500, down 15.11% MoM. The average list to sale price ratio was 95.2%. There were 106 properties sold at a median price of $541/SF down 3.6% MoM. Total dollar volume is $97,857,615, representing a 38.7% decline from MoM.
Miami Beach April 2023 Pending Trends
The median list price was $400,000, up 0.3% MoM. The median price/sf is $592, up 2.1% MoM, with a total dollar volume of $26,279,287. The median size for the trending properties is 752 sf.
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