RHODES AMD NEW BISC
Homes for Sale in Miami, FL

RHODES AMD NEW BISC market snapshot (as of July 20, 2026): the median sale price is about $1.35M ($1368 per sq ft over the trailing 12 months of closed sales), and a median 551 days on market for closed sales. The trailing-12-month median is down 18% from the prior 12 months, computed from record-level miami closed sales (3 closings in the current window).

This is a small, high-value pocket where per-square-foot pricing runs well above typical resale levels, and where the current sales data reflects a limited number of transactions rather than a broad, liquid market.

The combination of a 551-day median days-on-market and a nearly 18.4% year-over-year price decline suggests homes here are not moving quickly, and sellers who priced aggressively in prior periods have had to adjust. With just three closings feeding the current snapshot, buyers should expect wide variation between listed and closed prices, and should lean on recent comparable sales rather than the median alone when evaluating an offer.

The high median price-per-square-foot, relative to the overall median price, indicates that homes here tend to be smaller but command outsized per-square-foot value — likely tied to lot size, waterfront access, or location rather than interior square footage. No community amenities are identified in current MLS data, so buyers evaluating lifestyle features should confirm anything beyond the home itself directly with a listing agent or HOA documentation.

In a market this thin, with only three recent closings and a median days-on-market above 550, pricing a home or structuring an offer requires more than pulling a median off a report. We track individual comparable sales, not just the aggregate, so sellers price realistically and buyers do not overpay in a market that has already corrected downward.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.