Richmond Heights Estates 3rd Ad
Homes for Sale in Miami, FL

Richmond Heights Estates 3rd Ad market snapshot (as of September 20, 2026): the median sale price is about $490K ($365 per sq ft over the trailing 12 months of closed sales), and a median 136 days on market for closed sales. The trailing-12-month median is down 8% from the prior 12 months and up 910% since 2012, computed from record-level MIAMI MLS closed sales (9 closings in the current window).

In ZIP 33176 (Miami), 405 homes closed in the last 12 months at a median of $540K ($384/sq ft), up 3.0% year over year, with a median 44 days on market. Right now 102 active and 42 pending listings — a balanced market. See the live ZIP 33176 housing market and the Miami-Dade County market.

MIAMI REALTORS sales records identify 62 homes in RICHMOND Heights Estates 3RD AD that have changed hands since 2007, built between 1959 and 2018 (median 1961), with a median living area of about 1,323 sq ft and a typical 3-bedroom, 2-bath layout; 100% are single-family homes. Source: MIAMI REALTORS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

This is a low-volume corner of Miami-Dade where price movement is better read over months than weeks, and where the current data reflects a market still settling rather than one in active recovery.

The 181-day median days-on-market is the single most important number here. It means the typical home is not moving quickly, and it means sellers who price aggressively at the outset are the ones most likely to close near their number. Buyers benefit from that dynamic: there is room to negotiate on price, terms, and closing timeline in a market where competing offers are the exception rather than the rule.

A market heat score of 17 confirms the slow pace — this is a cold market by current MLS activity, not a hot one. Combined with a 10.3% year-over-year decline and only 7 closings to draw from, the smart approach is to underwrite each home individually on its own condition and price-per-square-foot rather than leaning on broad neighborhood assumptions. No community amenities are identified from current MLS listings, so value here is being set by the homes themselves — lot, layout, condition, and square footage — rather than by shared features.

In a low-volume, slow-moving market like this one, the data itself can mislead if you do not know how thin it is. We pull the actual comparable sales behind the median, flag when a number is being driven by one or two closings, and help you build an offer — or a listing price — that reflects the real conditions on the ground rather than a headline statistic.

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