Homestead
Housing Market
Median sale price $460,000, down 2.5% year over year, with homes going under contract in about 58 days, 794 homes on the market.
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Housing Market Analyst
Inventory sits at 15.5 months of supply — heavy by the 3-to-6-month balanced benchmark, and 29% of listed homes are already under contract. Prices are down 2.5% versus the prior year, but sellers are still collecting 95.7% of asking. Taken together, the data leans toward buyers — leverage is real for those ready to use it.
Who has leverage right now
Leverage scores are derived from the Momentum Score (supply, demand, speed, pricing power, and trend). Right now the data favors buyers.
- Prices — heavy supply keeps the pressure on sellers; softening is the path of least resistance.
- Inventory — building over the tracked window; watch whether that holds through the season.
- Negotiating power — buyers gain ground as 29% of inventory sits under contract.
- Mortgage sensitivity — at 7.6× income, this market is highly sensitive to rate moves; rate relief tends to show up in demand here quickly.
Derived from current Homestead data, not a prediction or guarantee. Markets move; talk to an agent before acting on any single reading.
One inventory number hides four different markets
Months of supply = active listings ÷ monthly sales pace, bucketing communities by their recent median. 3–6 months is the balanced band.
Where Homestead is hot — and where it isn't
Each dot is a community (205 shown, sized by sales volume rank). Click any dot to open its full neighborhood guide.
The read on Homestead
The median sale price across Homestead currently stands at $460,000, down 2.5% from a year ago. Buyers are paying a median of $261 per square foot. The typical home goes under contract in about 58 days. Sellers are capturing 95.7% of their original asking price on average.
There are 794 active listings on the market, with 244 more already under contract. At the current sales pace that works out to 15.5 months of supply — a buyer-leaning market by the standard six-month benchmark. 6 homes closed here over the trailing 12 months.
Homestead prices sit below the Miami-Dade County median by roughly 16%. Zillow's home value index for Miami-Dade County stands at $521,011. About 16% of listings county-wide have taken a price cut — a useful gauge of seller flexibility.
Weighing supply, demand, speed, pricing power, and trend together, the Momentum Score for Homestead is 40 of 100 — buyer's opportunity territory. This page recalculates every day as new MLS data lands, so the numbers above reflect the market as of October 5, 2026.
Homestead since 2012 — and where it’s heading
A median home here sold for $115,001 in 2012 and $473,941 over the last recorded year — 312% appreciation across 14 years of recorded sales.
Median sale price · 2012–2026 (19,306 recorded sales)
Days on market by year
Home value trend · Miami-Dade County (Zillow ZHVI)
For-sale inventory · county (Zillow)
Daily active vs pending · Miami-Dade County (MLS)
Median price · daily recalculation
What’s driving Homestead
Top inbound states: NY, CA, TX, NJ. Movers arriving report ~$127,200 average income. Source: IRS SOI county-to-county migration, 2022-2023
56,357 Citizens policies in force in Miami-Dade County — the state-backed insurer of last resort. Budget insurance into any Miami-Dade purchase before you fall in love with a house. Source: Citizens Property Insurance, Detail by County, April 2026
2,666 single-family · 13,869 multi-family · 6.2 per 1,000 residents. Future supply pressure starts here. Source: U.S. Census Bureau, Building Permits Survey, 2025
The calls we’re making from today’s data
The sharpest 1-yr median swing among tracked communities. Thin samples can exaggerate swings — verify with a comp analysis before treating it as trend.
Buyers: ask for concessions — rate buydowns and repair credits are back on the table. Sellers: presentation and the first two weekends decide your outcome; price accordingly.
Generated from today’s data by Momentum’s analysis engine and reviewed on a rolling basis by our broker team.
How it stacks up across Miami-Dade County
| Market | Median | Active | Score | |
|---|---|---|---|---|
| Homestead ← this page | $460K | 794 | 40 | |
| Miami | $570K | 4,211 | 36 | Open → |
| Miami Beach | $758K | 1,065 | 37 | Open → |
| Sunny Isles Beach | $475K | 831 | 24 | Open → |
| Aventura | $465K | 803 | 28 | Open → |
| Doral | $630K | 324 | 47 | Open → |
Neighborhoods on the move
| SILVER PALM WESTHomestead | $549K | ▲ 26% |
| VILLAS DEL CAMPO SUBHomestead | $510K | ▲ 16% |
| THE REDLANDSHomestead | $1.14M | ▲ 15% |
| Century Park SquareHomestead | $395K | ▲ 15% |
| MEADOW WOOD MANOR #4Homestead | $557K | ▲ 9% |
| SPICEWOOD SUBHomestead | $367K | ▼ 28% |
| SHOMA CONDO AT KEYS COVEHomestead | $190K | ▼ 17% |
| MONTEREY AT MALIBU BAY COHomestead | $225K | ▼ 16% |
| VENETIA GROVEHomestead | $265K | ▼ 14% |
| VENETIA GARDENS SOUTH CONHomestead | $190K | ▼ 14% |
| REDLANDHomestead | $977K | 26 |
| Parker Pointe TownhomesHomestead | $471K | 22 |
| VILLAS AT CARMEL CONDO NOHomestead | $260K | 22 |
| KEYS GATE RESIDENTIALHomestead | $355K | 21 |
| SILVER PALM RESIDENTIAL HHomestead | $412K | 20 |
| AltamiraHomestead | $389K | 19 days |
| KEYS LANDINGHomestead | $520K | 23 days |
| Century Park SquareHomestead | $395K | 26 days |
| Parker Pointe TownhomesHomestead | $471K | 27 days |
| Vista SolHomestead | $376K | 29 days |
Homestead ZIP codes
Most active communities
More on Homestead
Put this data to work
The questions people actually ask
Should I buy a house in Homestead right now?
The data says conditions currently favor buyers in Homestead — the Momentum Score reads 40/100 with 15.5 months of supply. For buyers that means preparation over hesitation: well-priced homes still move fast, but there is more room to negotiate than a year ago. The right timing always depends on your rate, your equity, and how long you plan to stay — not just the market.
Is Homestead becoming more affordable?
Yes, modestly — the median sale price in Homestead is $460,000, down 2.5% versus the prior year, while sellers still capture 95.7% of asking price. Softening prices plus normal-length marketing times mean affordability is improving at the margin, though financing costs matter more than list prices for most monthly payments.
Where are prices falling fastest in Homestead?
Among tracked communities with enough sales to measure, the sharpest 1-year median declines are SPICEWOOD SUB (-28%); SHOMA CONDO AT KEYS COVE (-17%); MONTEREY AT MALIBU BAY CO (-16%). Note that community-level medians move on small sale counts — a few high- or low-end closings can swing them — so treat these as leads for a comp analysis, not verdicts.
Which Homestead neighborhoods are most competitive?
Measured by speed of sale, the fastest-moving tracked communities right now are Altamira (19 days); KEYS LANDING (23 days); Century Park Square (26 days) — homes there go under contract well ahead of the market-wide pace of 58 days.
How does Homestead compare to the rest of Miami-Dade County?
Homestead's median of $460,000 runs 16% below the county-wide median of $549,900, and homes here take 58 days to go under contract versus 68 county-wide.
Homestead housing market FAQ
How is the housing market in Homestead right now?
As of October 5, 2026, the Homestead housing market favors buyers: the median sale price is $460,000 (down 2.5% year over year), 794 homes are for sale against 6 sales in the last 12 months, which is 15.5 months of supply, and the typical home goes under contract in about 58 days.
How much is a house in Homestead?
The median home sold for $460,000 in Homestead over the last 12 months, about $261 per square foot; asking prices on the 794 current listings run from well below to well above that, and the community pages linked below show what each neighborhood actually sells for.
Is it a good time to sell a house in Homestead?
By the numbers, sellers in Homestead are getting 95.7% of asking price and going under contract in about 58 days with 15.5 months of supply. Under four months of supply generally favors sellers; over six favors buyers. Whether it is a good time for you depends on what you paid and where you are going next, which is a conversation with an agent, not a chart.
What is the Homestead housing market forecast?
Momentum Realty publishes the recorded trend, not a prediction: Homestead median sale prices are down 2.5% year over year, inventory stands at 15.5 months of supply, and 29% of listings are under contract. The charts on this page update with every MLS refresh, so the direction shows up here before any forecast catches it.
What is the median home price in Homestead?
The median sale price in Homestead is currently $460,000, down 2.5% from a year ago, based on MLS sales data updated October 5, 2026.
Is Homestead a buyer's or seller's market right now?
The data currently favors buyers. Homestead scores 40 of 100 on the Momentum Score, with 15.5 months of housing supply. Conditions change; this page updates daily.
How long do homes take to sell in Homestead?
The typical home in Homestead goes under contract in about 58 days, per current MLS data.
How many homes are for sale in Homestead?
There are approximately 794 active listings in Homestead as of October 5, 2026.
Are home prices in Homestead rising or falling?
Median sale prices are down 2.5% year over year based on a rolling comparison of MLS sales.
Momentum agents use this intelligence every day to price listings and write winning offers across Homestead. Talk through what the numbers mean for your move.
Every number on this page is computed directly from licensed Florida MLS feeds, recorded public sales, Zillow Research, and U.S. Census data — nothing is manually adjusted or estimated by hand. Medians use recorded closed sales; supply figures use live listing counts refreshed twice daily; the Momentum Score methodology is summarized .
Analyst oversight: Jon Brooks — Co-Founder, Momentum Realty · CEO, Momentum Research · Housing Market Analyst · methodology reviewed quarterly · Last data refresh: October 5, 2026 at 1:44 PM ET
Statistics on this page are computed automatically from licensed MLS feeds and public data sources (Zillow Research, U.S. Census Bureau) and summarized without manual review. Figures are estimates based on recent recorded activity, are deemed reliable but not guaranteed, and should be verified with a licensed agent before making decisions. This page does not constitute an appraisal or an automated valuation of any specific property. Momentum Realty is licensed in Florida and Georgia. Equal Housing Opportunity.