SOUTH FLORIDA REGIONAL MIAMI DADE | BROWARD | PALM BEACH | MARTIN | ST. LUCIE
South Florida is considered the metro area of the state extending from Palm Beach County to Miami-Dade County. The area radiates balmy temperatures and a luxury lifestyle, mixed with Latin and Caribbean cultures. The approximate 100 miles along the coast is home to roughly 5.4 million residents. If you are dreaming of a big-city getaway in Miami, a laid-back fishing trip off the coast of Fort Lauderdale, or an indulgent splurge in the Palm Beaches, you’ll find perfect weather all year- round. South Florida is home to a multitude of restaurants and entertainment options to experience including the historical Worth Avenue, Downtown City Place, Atlantic Avenue, Fort Lauderdale Beach, South Beach, and the Seminole Hard Rock Hotel & Casino.
Single Family Homes
% CHANGE (1 YEAR)
SINGLE FAMILY Number of Sales
2023 9973
2024
10858
▲8.9%
Average Sales Price
$2,464,912
$2,610,272
▲5.9%
Median Sales Price
$1,555,000
$1,600,000
▲2.9%
Average Square Footage
3,342
3,373
▲0.9%
Price Per Square Foot
$694
$721
▲3.8%
Average DOM
98
107
▲8.3%
Sales Sold at Original List Price
899
857
▼4.7%
Top Sale Price
$79,000,000
$72,250,000
▼8.5%
Total Sale Volume
$24,582,566,735 $28,342,332,850 ▲15.3%
Condos & Townhomes
% CHANGE (1 YEAR)
CONDO/CO-OP/TOWNHOME
2023 4335
2024
Number of Sales
4116
▼5.1%
Average Sales Price
$2,346,180
$2,373,472
▲1.2%
Median Sales Price
$1,675,000
$1,675,000
▲0.0%
Average Square Footage
2,305
2,310
▲0.2%
Price Per Square Foot
$987
$1,002
▲1.6%
Average DOM
136
138
▲1.1%
Sales Sold at Original List Price
562
354
▼37.0%
Top Sale Price
$27,100,000
$48,000,000
▲77.1%
Total Sale Volume
$10,170,691,941
$9,769,210,768 ▼3.9%
Top 5 States for Incoming Buyers NEW YORK | NEW JERSEY | ILLINOIS | MASSACHUSETTS | PENNSYLVANIA
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