Flamingo-Lummus · Miami Beach, FL

Is Now a Good Time to Sell in Flamingo-Lummus, Miami Beach?

The median home in Flamingo-Lummus sells for $290,000 with prices down 6% year-over-year. Ridley's flat fee saves you $5,201.

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Flamingo-Lummus Real Estate Market Conditions

29out of 100

Ridley Sell Score

How it's scored →

Emerging

29/100

A buyer-friendly market — Ridley's flat fee helps you keep more equity.

What this means for sellers

Flamingo-Lummus is currently a buyer's market, and sellers should plan accordingly. Expect longer days on market and more price negotiation. The best strategy is to price competitively from day one, invest in presentation, and be open to concessions. Sellers who are patient and realistic about pricing can still close — and Ridley's flat fee means more of the sale price stays in your pocket.

Inventory TightnessNeutral

4 months of supply — near the balanced threshold of 5 months. Florida average is 8.2.

Price MomentumFavors buyers

Prices down 6.451612902999999% year-over-year — vs. -1.8% statewide.

Seller LeverageFavors buyers

Homes selling at 94.39% of asking — buyers are negotiating 5.6% below list. Florida average is 95.5%.

Bidding ActivityFavors buyers

2.67% of homes selling above list price — 63% below the Florida average of 7.3%.

Sale SpeedFavors buyers

112.5 median days on market — 27 days slower than the Florida average.

Market UrgencyFavors buyers

10.84% of listings go pending within 2 weeks — vs. 20.4% statewide.

Price StabilityFavors sellers

Only 0% of listings have dropped their price — sellers are holding firm. Florida average is 29.5%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

$290,000

-6%

Days on Market

112.5

Price per Sq Ft

$455

Sale-to-List Ratio

94.39%

Homes Sold

75

Sold Above List

2.67%

Pending in 2 Weeks

10.84%

Source: public market records

Get AI-powered market intelligence

Personalized pricing signals, demand shifts, and Sell Score changes for Miami Beach — delivered monthly.

Your savings

How much can you save selling in Flamingo-Lummus?

$0Estimated savings

That's 6 months of groceries — save 1.8% of your home value

$290,000

$50,000$10M

Traditional Agent (3%)

$8,700

Ridley Pro (flat fee)

$3,499

Ready to sell in Flamingo-Lummus?

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Cost comparison

Cost to sell in Flamingo-Lummus

Traditional AgentBest valueRidley ProRidley Essentials
Listing fee$8,700$3,499$999
Buyer agent$8,1202.8% avg$5,800~2% avg$5,800~2% avg
Closing costs (~1.5%)$4,350$4,350$4,350
Total cost$21,170$13,649$11,149
You save$5,201$7,701

Based on the Flamingo-Lummus median home price of $290,000. Ridley buyer agent commission reflects the average ~2% BAC offered by Ridley sellers.

How to sell your house and save on commission in Flamingo-Lummus

A flat fee of $3,499 instead of the typical $8,700 commission — with a dedicated agent at every step.

1

AI + expert price your home

AI-powered comps reviewed by your dedicated agent — using Flamingo-Lummus market data so you list at the right price.

2

AI prepares your home

AI walk-through identifies what to fix, stage, and photograph. Your agent advises on what actually moves the needle.

3

Listed on MLS & 100+ sites

Professional listing syndicated to Zillow, Redfin, and everywhere Flamingo-Lummus buyers look — plus a custom Ridley listing page with AI chat.

4

Your agent negotiates

Offer comparison, counteroffer strategy, and all back-and-forth with buyers' agents — handled by your dedicated agent.

5

Close and keep $5,201 more

Contracts, disclosures, deadline tracking, and closing coordination — from accepted offer to keys.

FAQ

Common questions about selling in Flamingo-Lummus

Ready to sell in Flamingo-Lummus?

Save $5,201

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