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The North River Drive Park market
Market report · Neighbourhood · Dec 2024
The North River Drive Park market, in numbers
Part of Miami — see the Miami report
Homes in North River Drive Park typically sell in about 154 days. With 3.0 months of inventory, it’s a seller’s market.
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
$615k
1 sales closed in Dec 2024
Low sampleMedian rent
$1,900/mo
1 leases closed in Oct 2024
Low sampleTime to sell
154 days
typical days on market
Low sampleDays from listing to going under contract.
Months of inventory
3.0 mo
seller’s market
Low sampleActive listings divided by the monthly sales pace. Under 4 months favors sellers; over 6 favors buyers.
Sells 56 days slower than Miamidays on market
Your questions, answered
Straight answers from North River Drive Park’s closed transactions.
What does a home here cost?
The median sale closed at $615k in Dec 2024. Typical sales ranged $615k–$615k.
What income do you need to buy here?
At a 6.5% 30-year mortgage with 20% down, the median home runs about $4,084/mo including taxes — comfortable at a household income around $163k a year, using the 30% rule. Renting instead costs $1,900/mo.
Is now a good time to buy?
3.0 months of inventory points to a seller’s market.
How fast do homes sell?
About 154 days from listing to contract in Dec 2024.
How much room is there to negotiate?
Not enough closed sales this month to measure — the price-cut chart below is the best proxy.
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 27.0 — buying typically starts to beat renting after roughly 10+ years here.
To buy — median sale price
Sale price, $
$615k
Dec 2024 — median $615k · 1 sales · 154 days on market · low sample
$615k
$615k
Jan ’24
Mar ’24
May ’24
Jul ’24
Sep ’24
Nov ’24
To rent — median monthly rent
Monthly rent, $
$1,900/mo
Oct 2024 — median $1,900/mo · 1 leases · 33 days on market · low sample
$1,900
$1,900
Jan ’24
Mar ’24
May ’24
Jul ’24
Sep ’24
Nov ’24
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
—
$1,900/mo
1 closed Low sample
Market depth
Supply and demand
Listings per month
Dec 2024 — 1 closed · 0 new · 1 active
0
0.25
0.5
0.75
1
Jan ’23
Apr ’23
Jul ’23
Oct ’23
Jan ’24
Apr ’24
Jul ’24
Oct ’24
ClosedActive (on market)New listings
Price-cut pressure
% of active listings
Dec 2024 — 0% of active listings cut
0%
10%
20%
Jan ’23
Apr ’23
Jul ’23
Oct ’23
Jan ’24
Apr ’24
Jul ’24
Oct ’24
3-month averageSingle month
HOA fees per sqft
$ per sqft, monthly
Too few closed transactions to chart HOA fees here.
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 2 closed transactions over the period shown · Updated Aug 9, 2026 · Medians drawn from fewer than 3 closings are flagged as low sample.