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Clay County Times

Wednesday, January 15, 2025

North Bay Village home prices rise in May 2018

Realestate3

The median sale price of a home sold in May 2018 in North Bay Village rose by $3,250 while total sales decreased by 16.7%, according to BlockShopper.com.

In May 2018, there were 25 homes sold, with a median sale price of $245,000 - a 1.3% increase over the $241,750 median sale price for the same period of the previous year. There were 30 homes sold in North Bay Village in May 2017.

The median sales tax in North Bay Village for the most recent year with available data, 2015, was $3,164, approximately 1.3% of the median home sale price for May 2018.

The following table compares North Bay Village to other Miami-Dade County cities with similar median sales prices in May 2018:

CityMay 2018 Home SalesMay 2017 Home Sales% change (Total Home Sales)May 2018 Median Sales PriceMay 2017 Median Sales Price% change (Median Sales Price)
Cutler Bay105978.2%$273,000$250,0009.2%
Kendall136153-11.1%$269,250$270,000-0.3%
Bay Harbor Islands12933.3%$262,500$300,000-12.5%
South Miami (unincorporated) 2127-22.2%$260,000$287,000-9.4%
North Miami Beach (unincorporated) 4333.3%$257,100$215,00019.6%
North Bay Village2530-16.7%$245,000$241,7501.3%
Homestead (unincorporated) 72103-30.1%$240,500$220,0009.3%
Richmond Heights14137.7%$239,500$243,000-1.4%
Opa-Locka (unincorporated) 2128-25%$235,000$240,000-2.1%
Miami (unincorporated) 685798-14.2%$229,000$215,0006.5%
Miami Gardens164175-6.3%$227,750$177,60028.2%

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