The Miami Central Business District housing market is not very competitive. The median sale price of a home in Miami Central Business District was $450K last month, up 6.5% since last year. The median sale price per square foot in Miami Central Business District is $613, down 3.7% since last year.
Miami Central Business District Housing Market Trends
What is the housing market like in Miami Central Business District today?
In March 2024, Miami Central Business District home prices were up 6.5% compared to last year, selling for a median price of $450K. On average, homes in Miami Central Business District sell after 111 days on the market compared to 102 days last year. There were 51 homes sold in March this year, down from 52 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$450,000
+6.5% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Miami Central Business District, FL
$450,000
+6.5%
United States
To compare other locations to the Miami Central Business District and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Miami add value to a home.
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How hot is the Miami Central Business District housing market?
Miami Central Business District is not very competitive. Homes sell in 98 days.
0
100
10
Not Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Multiple offers are rare.
The average homes sell for about 5% below list price and go pending in around 98 days.
Hot homes
can sell for about 2% below list price and go pending in around 45 days.
Learn about schools in the Miami Central Business District area
Elementary
Middle
High
GreatSchools Rating
No elementary schools in this region.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Miami Central Business District housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Miami Central Business District.
Risk Factor
Flood Factor - Extreme
96% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Miami Central Business District has an extreme risk of flooding. 139 properties in Miami Central Business District are likely to be
severely affected
by flooding over the next 30 years. This represents 96% of all properties in Miami Central Business District. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Wind Factor - Extreme
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Miami Central Business District has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Miami Central Business District is most at risk from hurricanes. 274 properties in Miami Central Business District have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 189 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 205 mph.
100% of properties are at extreme
risk of heat over the next 30 years
Heat Factor
Miami Central Business District has an extreme risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Miami Central Business District have an Extreme Heat Factor®.
Miami Central Business District is expected to see a 285% increase in the number of days over 103ºF over the next 30 years. Miami Central Business District is expected to experience 8