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Foreclosure Homes in South Miami, FL

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South Miami, FL Foreclosures

How much do homes sell for in South Miami, FL?
The average home price is currently $1,217,809.
In South Miami, FL, how many homes are available?
There are currently 13 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 $19,102,842.
What is currently the cheapest priced home in South Miami, FL?
The cheapest home for sale in South Miami is priced at $129,108.

Living in South Miami, FL

South Miami, Florida offers a unique blend of suburban tranquility and urban convenience. With a variety of amenities, parks, and a rich cultural scene, it is an ideal spot for families and young professionals alike. Its proximity to Miami ensures residents have access to city life while returning to a peaceful neighborhood.

Current Market Conditions in South Miami, FL

The South Miami real estate market is currently experiencing a high demand, characterized by a low inventory of homes leading to competitive bidding situations. This has caused prices to rise steadily, making it an attractive area for both buyers and investors looking for long-term gains.

As more families and young professionals seek the community's charm and accessibility, the interest in South Miami's housing market is expected to continue increasing, influencing the overall growth and development of the area.

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 $967,531.00. 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 $1,217,809.00, with the most expensive house in South Miami, FL, topping out at $19,102,842.00 and the cheapest home in South Miami, FL, clocking in at $129,108.00. 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: 13

Market Values:

Home Prices from $129,108 to $19,102,842

Average Sales Price: $1,217,809

Rental Values:

Rental from $980 to $4,740

Average Rent Value: $2,657 / month

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