Miami-Dade median$545,000−0.9%Days on market53−1.0dSale to list94.3%Price cuts16.2%Closed sales2,011Florida median, all residential$430,535+3.2%As of2026-07Miami-Dade median$545,000−0.9%Days on market53−1.0dSale to list94.3%Price cuts16.2%Closed sales2,011Florida median, all residential$430,535+3.2%As of2026-07
Miami-Dade housing market data
Miami-Dade County. Monthly medians of closed residential sales, computed from MLS records licensed by Momentum Realty. Latest complete month: 2026-07.
These come from outside sources, not from our MLS records. We keep them separate so you can see where an independent series agrees with ours and where it does not.
Median household income
$68,694
ACS 5-year, 2023
Price to income
7.9×
median home ÷ median income
Est. annual property tax
$8,709
17.59 mills, homesteaded
Fair market rent, 2BR
$2,436
HUD FY2026
Zillow ZHVI
$522,601
-4.1% vs our median
Active inventory
n/a
June 2026
Share of listings with a price cut
2018-03 to 2026-07 · latest 16.2%
Context sources. Median household income: U.S. Census American Community Survey 5-year estimates, 2023 vintage. Property tax: county millage, FY2025-26 adopted, applied to the median closed price less Florida's $50,000 homestead exemption, an estimate for a homesteaded primary residence, not a tax bill, and municipal and special-district millage varies within every county. Fair market rent: HUD, by bedroom count. Zillow Home Value Index: a different methodology from ours. ZHVI estimates the value of the typical home, while our figure is the median of homes that actually closed, so the two will not match and the gap is shown rather than hidden. Inventory and price-cut share: county series, June 2026 vintage. Multi-county markets weight each county by its closed-sale count.
Buyers and sellers
Redfin publishes a monthly estimate of buyers and a count of sellers, active listings, for this metro, through 2026-07. The buyer line is a Redfin model estimate, not a count. These figures are Redfin's, not computed from our MLS feeds.
Redfin's latest estimate for the Miami metro puts 18,437 active sellers against roughly 7,258 buyers in the market, about 2.5 sellers for every buyer. A year ago the ratio was 2.6 to one, so the balance has moved back toward sellers. The seller line is counted listings; the buyer line is Redfin's model estimate, so treat the level as directional and the trend as the signal.
Miami metro, buyers and sellers, all residential
Buyers, estimatedSellers, active listings
Miami metro, buyers and sellers, condos and co-ops
Buyers, estimatedSellers, active listings
Homes for sale and homes going under contract
Both lines are counted from Redfin's county file: active listings, and pending sales, contracts signed that month. Neither is an estimate of buyers. The chart's source line carries the latest month in the file. These figures are Redfin's, not computed from our MLS feeds.
In 2026-07, 18,320 homes were listed for sale across the Miami market and 2,217 went under contract. A year earlier the counts were 22,344 and 2,303, so homes for sale are down 18.0% and contracts are down 3.7% over twelve months. When both lines move together, the balance between buyers and sellers holds roughly steady.
Miami-Dade, homes for sale and going under contract, monthly since 2012
Homes for sale, active listingsGoing under contract, pending sales
What renters are asked to pay
Typical ASKED rent for units listed on Zillow (Zillow Observed Rent Index), by county, monthly. Asking rent is what new listings seek, not what sitting tenants pay; renewals are invisible to it. These figures are Zillow's, not computed from our MLS feeds.
Miami-Dade asks $2,860, +0.7% in a year and 58% above 2019 levels. Asking rent describes new listings, not renewals, so a flat or falling line here reaches sitting tenants slowly and shows up first in concessions on new leases.
Miami-Dade, typical asked rent (ZORI), monthly since 2015
Miami-Dade
Every metric
Median closed price
$545,000
-0.9% year over year
#18 of 19 markets, year-over-year change
2012-01 to 2026-07
Full history →
Median $/sq ft
$389
+2.6% year over year
#6 of 16 markets, year-over-year change
2012-01 to 2026-07
Full history →
Median days on market
53
-1.9% year over year
#3 of 19 markets, year-over-year change
2012-01 to 2026-07
Full history →
Sale-to-original-list ratio
94.3%
+1.0% year over year
#14 of 19 markets, year-over-year change
2012-01 to 2026-07
Full history →
Closed sales
2,011
+8.0% year over year
#9 of 19 markets, year-over-year change
2012-01 to 2026-07
Full history →
Closed sales, new construction
46
+17.9% year over year
#7 of 18 markets, year-over-year change
2012-01 to 2026-07
Full history →
Closed sales, resale
1,965
no year-ago figure
2026-05 to 2026-07
Full history →
Median price, new construction
$670,000
+3.1% year over year
#8 of 18 markets, year-over-year change
2012-01 to 2026-07
Full history →
Median price, resale
$540,000
no year-ago figure
2026-05 to 2026-07
Full history →
New-construction premium
24.1%
no year-ago figure
2026-05 to 2026-07
Full history →
Median size (sq ft)
1,430
+0.3% year over year
#14 of 16 markets, year-over-year change
2012-01 to 2026-07
Full history →
Median bedrooms
3.0
no year-ago figure
2026-05 to 2026-07
Full history →
Median year built
1,984
no year-ago figure
2026-05 to 2026-07
Full history →
Method. Monthly medians of closed residential sales for Miami-Dade County. The partial current month is excluded rather than plotted short. County-months with fewer than 25 closed sales are dropped. Multi-county figures are an n-weighted average of county medians, which approximates a pooled median but is not one. Data may be preliminary and subject to revision by its source. See our editorial standards and corrections policy.
Listing information provided by the Southeast Florida MLS (SEFMLS) / MIAMI Association of REALTORS(R). Information is deemed reliable but not guaranteed by the MLS to be accurate. Information deemed reliable but not guaranteed. Equal Housing Opportunity. All Florida markets · Latest coverage · Seller net proceeds · Affordability calculator
