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Foreclosure Homes in South Miami, FL

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South Miami, FL Foreclosures

Current Market Conditions in in South Miami, FL As of March 2026?
Over the past month, South Miami's real estate market has experienced a notable increase in home sales, particularly in the mid-range price segment. The competitive environment has pushed prices slightly higher, yet there remains an inventory of homes that cater to a range of budgets. Additionally, the demand for rental properties has surged, leading to lower vacancy rates in the area, making it an attractive option for property investors.
How much do homes sell for in South Miami, FL?
The average home price is currently $1,238,322.
In South Miami, FL, how many homes are available?
There are currently 16 active home listings available in South Miami.
What’s the average rental cost in South Miami, FL?
The average rental price in South Miami is $2,657.
What is the most expensive home in South Miami?
The most expensive home sold in South Miami had a price of $19,071,273.
What is currently the cheapest priced home in South Miami, FL?
The cheapest home for sale in South Miami is priced at $132,216.

Living in South Miami, FL

South Miami is a picturesque city with a blend of suburban charm and urban accessibility. The area is filled with parks, restaurants, and shopping options, making it ideal for families and young professionals. With a warm climate all year, residents enjoy numerous outdoor activities and a strong sense of community.

Buyer vs Seller Market in South Miami, FL

The South Miami real estate market is currently robust, with a high demand for homes driving prices upward. The market has seen an increase in the number of buyers looking for both residential and investment properties, leading to competitive bidding in desirable neighborhoods.

In recent months, new developments and renovations have also attracted potential homeowners and investors, enhancing the appeal of the area as a prime location for real estate investment.

Home Value Estimator For South Miami, FL

There are currently 3,162 real estate properties in South Miami, FL, with a median automated valuation model (AVM) price of $971,562.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in South Miami, FL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in South Miami, FL, is $1,238,322.00, with the most expensive house in South Miami, FL, topping out at $19,071,273.00 and the cheapest home in South Miami, FL, clocking in at $132,216.00. In other words, there’s something for every potential homebuyer or savvy investor in South Miami, FL!

Rent Prices In South Miami, FL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in South Miami, FL, is on a rollercoaster ride. The average rent price in South Miami, FL, is $2,657.00. Indeed, when looking to rent in South Miami, FL, you can expect to pay as little as $980.00 or as much as $4,740.00, with the average rent median estimated to be $2,720.00. The good news is that finding an affordable and desirable property to rent in South Miami, FL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

South Miami, FL Foreclosures

Market Trend for South Miami, FL

Total Listings Available: 16

Market Values:

Home Prices from $132,216 to $19,071,273

Average Sales Price: $1,238,322

Rental Values:

Rental from $980 to $4,740

Average Rent Value: $2,657 / month

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