Answers / Selling
Should I renovate an older house before selling?
Direct answer
Among Shenandoah houses built before 1940 that sold in the 24 months to September 28, 2026, the 45 described as renovated or updated closed at a median $573 per square foot. The 12 described as as-is or needing work closed at $435. This site records sale prices only, so it cannot say what the renovations cost.
Miami MLS closed sales, houses and townhouses inside Shenandoah's civic boundary, built before 1940, 24 months to September 28, 2026. Method
What are the numbers behind it?
| Pre-1940 houses | Sales | Median price | Median $/ft² | Median days on market | Sale price vs first asking |
|---|---|---|---|---|---|
| Described as renovated or updated | 45 | $925,000 | $573 | 64 | 90% |
| Described as as-is or needing work | 12 | $655,000 | $435 | 36 | 94% |
| All pre-1940 houses | 109 | $883,000 | $509 | 58 | 91% |
Source: SEFMLS / MIAMI REALTORS®, September 27, 2022 through September 28, 2026. Data is deemed reliable but is not guaranteed accurate by the MLS and may not reflect all real estate activity in the market. Totals and medians only, no client names or addresses. Properties counted were listed or sold by various MLS participants, not necessarily by Gatien Salaun or Coldwell Banker Realty.
In more detail
Which group sold faster?
The as-is houses: a median 36 days at 94% of first asking, against 64 days at 90% for the renovated ones.
What does the gap mean for one house?
It is a neighborhood median across different houses. The renovated group and the as-is group are not the same homes before and after work, and the cost of the work is not in the MLS.
How was this counted?
Counted from the same MLS data as every figure on this site, for the stated window and boundary. Medians are withheld below 5 closings.
Canonical facts: Boundary