Search for a property
Miami Real Estate
Login
Sign in to your account to access all features
Create an account
Welcome Aboard!
The MiMo District market
Market report · Neighbourhood · Dec 2024
The MiMo District market, in numbers
Part of Miami — see the Miami report
Homes in MiMo District typically sell in about 245 days.
Some comparisons are hidden until at least 3 transactions close in a month. Medians below are drawn from very small samples — treat them as indicative.
Median sale price
$372k
↓ −80.1% MoM
1 sales closed in Dec 2024
Low sampleMedian rent
$1,900/mo
2 leases closed in Jul 2026
Low sampleTime to sell
245 days
typical days on market
Low sampleDays from listing to going under contract.
Sells 147 days slower than Miamidays on market
Your questions, answered
Straight answers from MiMo District’s closed transactions.
What does a home here cost?
The median sale closed at $372k in Dec 2024. Typical sales ranged $372k–$372k.
What income do you need to buy here?
At a 6.5% 30-year mortgage with 20% down, the median home runs about $3,225/mo including taxes and HOA — comfortable at a household income around $129k a year, using the 30% rule. Renting instead costs $1,900/mo.
Is now a good time to buy?
Too few recent sales for a confident read — see the longer-run trend below.
How fast do homes sell?
About 245 days from listing to contract in Dec 2024. The pace picks up toward September and slows around January.
How much room is there to negotiate?
Not enough closed sales this month to measure — the price-cut chart below is the best proxy.
When is the best time to list?
Closings peak in September and bottom out around January. Listing four to six weeks ahead of the peak historically gets the most eyes.
Is it a good rental investment?
Yield needs at least 3 closed sales and 3 closed leases in a month — this area doesn’t clear that bar yet.
Buying vs renting
Price-to-rent ratio is 16.3 — buying typically starts to beat renting after roughly 5–7 years here.
To buy — median sale price
Sale price, $
$372k↓ −80.1% MoM
To rent — median monthly rent
Monthly rent, $
$1,900/mo
Jul 2026 — median $1,900/mo · 2 leases · 36.5 days on market · low sample
$0
$2,500
$5,000
$7,500
$10k
$13k
Aug ’25
Oct ’25
Dec ’25
Feb ’26
Apr ’26
Jun ’26
MedianTypical range (5th–95th percentile)3+ closingsUnder 3 (low sample)No closings (activity only)Tap or hover any month for its numbers.
What each size costs
Medians over the last 12 months.
Beds
To buy
To rent
Volume
1 bed
—
$2,825/mo
2 closed Low sample
2 beds
—
$2,367/mo
4 closed Low sample
Market depth
Supply and demand
Listings per month
Jul 2026 — 0 closed · 1 new · 12 active
0
5
10
15
20
Aug ’24
Nov ’24
Feb ’25
May ’25
Aug ’25
Nov ’25
Feb ’26
May ’26
ClosedActive (on market)New listings
Seasonality
Avg closings
Listings move fastest in September
0
0.2
0.4
0.6000000000000001
0.8
J
F
M
A
M
J
J
A
S
O
N
D
Average closings by calendar month, drawn from at least two years of history.
Price-cut pressure
% of active listings
Jul 2026 — 58% of active listings cut · median cut 11.3%
0%
25%
50%
75%
100%
Aug ’24
Nov ’24
Feb ’25
May ’25
Aug ’25
Nov ’25
Feb ’26
May ’26
3-month averageSingle month
HOA fees per sqft
$ per sqft, monthly
$0.67 per sqft · Dec 2024
$0.67
$0.67
$0.67
$0.67
$0.67
Aug ’24
Nov ’24
Feb ’25
May ’25
Aug ’25
Nov ’25
Feb ’26
May ’26
Median monthly HOA fee per square foot among closed sales.
How neighbourhoods compare across Miami
Median sale price, last 12 months. Tap a row to open its report.
Based on 13 closed transactions over the period shown · Updated Aug 9, 2026 · Medians drawn from fewer than 3 closings are flagged as low sample.