$297 Closing Credit*
$25,000
890 SqFt
2 Beds
•1 Full Bath
Elizabeth Beaubien, Listing Office: Keller Williams Advantage
Is Miami, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$117,700
$87/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$17,300(-12.8%)
Key Takeaway
Homes in Miami have sold for 12.8% less than they did a year ago.
Summary: The median home sold price in Miami was $117,700 in November 2024, down 12.8% from last year, and the median price per square foot was $87.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $21.6K | N/A |
| 2 Bedrooms | $265K | $63K | -76.2% |
| 3 Bedrooms | $123K | $136.2K | +10.7% |
| 4 Bedrooms | $159.7K | $240K | +50.3% |
| 5+ Bedrooms | - | $364K | N/A |
Summary: Miami housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 76.2%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 50.3%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The Miami real estate market had 21 homes for sale in November 2024, a 4.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Miami housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Miami, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Miami in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 40 Days | +77.8% |
Summary: Homes in Miami had an average of 40 days on market in Nov 2024, up by 77.8% 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 November 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.