$594 Closing Credit*
$50,000
1,092 SqFt
3 Beds
•2 Full Baths
Eric Ward, Listing Office: McGraw, REALTORS
Is Miami, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Miami was a Seller's Market.
Key Takeaway
Miami is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Miami, OK
How much do homes in Miami, OK cost?
Median Sold Price
$122,400
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$12,600(-9.3%)
Key Takeaway
Homes in Miami have sold for 9.3% less than they did a year ago.
Summary: The median home sold price in Miami was $122,400 in October 2024, down 9.3% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $21.6K | N/A |
| 2 Bedrooms | - | $64K | N/A |
| 3 Bedrooms | $123K | $136.2K | +10.7% |
| 4 Bedrooms | $162.3K | $240K | +47.8% |
| 5+ Bedrooms | - | $364K | N/A |
Summary: Miami housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 47.8%, and 5+ bedroom homes did not change.
Housing Supply in Miami, OK
How many homes are available in Miami, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 21 | +50.0% |
Summary: The Miami real estate market had 21 homes for sale in October 2024, a 50.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 7 | 11 | +57.1% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Miami housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Miami, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Miami in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Miami, OK
How long does it take to sell a home in Miami, OK?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 72 Days | 83 Days | +15.3% |
Summary: Homes in Miami had an average of 83 days on market in Oct 2024, up by 15.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Miami has remained consistent over time.
Summary: During October 2024, 1 homes were sold in Miami; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Heartland Multiple Listing Service Inc. as distributed by MLS GRID.