What the Pros Know

2,686,867

Population

0.5% YoY

2023

39.1

Median Age

3.2% YoY

2022

$64,215

Median Household Income

11.1% YoY

2022

1,402,367

Labor Force

0.4% MoM

1.4% YoY

8/2024

1,358,398

Employed

0.3% MoM

0.1% YoY

8/2024

3.1%

Unemployment Rate

0% MoM

63.2% YoY

8/2024

$630,000

Median Sale Price

3.1% MoM

2.4% YoY

8/2024

996

Homes Sold

9.7% MoM

7.9% YoY

8/2024

4.4

Months Inventory

9.8% MoM

31.2% YoY

8/2024

55

Days on Market

2 MoM

6 YoY

8/2024

4,358

Listings

2.2% MoM

20.3% YoY

8/2024

96.7%

Sale Price to List Price

0.1% MoM

0.4% YoY

8/2024

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Cities included in Miami-Dade County: Miami, Hialeah, Miami Gardens, Miami Beach, Homestead, Kendall, Doral, The Hammocks, North Miami, Fountainebleau, Tamiami, Westchester, Kendale Lakes, Country Club, Coral Gables, Cutler Bay, North Miami Beach, Aventura, Richmond West, Kendall West, Princeton, South Miami Heights, Golden Glades, West Little River, Miami Lakes, Leisure City, Coral Terrace, Ives Estates, Palmetto Bay, Hialeah Gardens, The Crossings, Sunny Isles Beach, Sweetwater, Country Walk, Pinecrest, Brownsville, Glenvar Heights, Pinewood, Palmetto Estates, Ojus, Opa-locka, Three Lakes, Key Biscayne, Sunset, Gladeview, Miami Springs, Olympia Heights, Naranja, Florida City, South Miami, Miami Shores, Westview, Goulds, Westwood Lakes, Richmond Heights, West Perrine, North Bay Village, West Miami, Bay Harbor Islands, Surfside, Palm Springs North, Biscayne Park, Bal Harbour, Virginia Gardens, El Portal, Medley, Homestead Base, Golden Beach, Fisher Island, Indian Creek


 1.  Population Data from U.S. Census Bureau.
 2.  Employment Data from Bureau of Labor and Statistics
 3.  Sales Data provided by Redfin, a national real estate brokerage.

MoM = Month over Month. The percentage change from the previous month to the current month.
YoY = Year over Year. The percentage change from the same period the previous year to the current period.

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