Homestead
Housing Market
Median sale price $447,750, down 2.5% year over year, with homes going under contract in about 59 days.
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Housing Market Analyst
Prices are down 2.5% versus the prior year, but sellers are still collecting 95.4% of asking. Taken together, the data points to a broadly balanced market where preparation decides who wins.
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 neither side decisively.
- 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.
Where Homestead is hot — and where it isn't
Each dot is a community (214 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 $447,750, down 2.5% from a year ago. Buyers are paying a median of $263 per square foot. The typical home goes under contract in about 59 days. Sellers are capturing 95.4% of their original asking price on average.
Homestead prices sit below the Miami-Dade County median by roughly 18%. Zillow's home value index for Miami-Dade County stands at $522,601. About 17% 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 54 of 100 — balanced market territory. This page recalculates every day as new MLS data lands, so the numbers above reflect the market as of August 6, 2026.
Homestead since 2012 — and where it’s heading
A median home here sold for $114,638 in 2012 and $477,798 over the last recorded year — 317% appreciation across 14 years of recorded sales. Cash buyers took 13% of recent sales, down from a 34% peak.
Median sale price · 2012–2026 (19,870 recorded sales)
Days on market by year
Cash buyers · share of sales
Home value trend · Miami-Dade County (Zillow ZHVI)
For-sale inventory · county (Zillow)
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.
Both sides have a case: buyers should negotiate on days-on-market, sellers should lean on the under-contract rate. Preparation, not the market, decides who wins a balanced tape.
Generated from today’s data by Momentum’s analysis engine and reviewed on a rolling basis by our broker team.
Neighborhoods on the move
| BLUEWATERS SUBDIVISIONHomestead | $565K | ▲ 31% |
| RedlandsHomestead | $1.30M | ▲ 19% |
| THE REDLANDSHomestead | $1.18M | ▲ 19% |
| Century Park SquareHomestead | $396K | ▲ 15% |
| MEADOW WOOD MANOR #4Homestead | $565K | ▲ 10% |
| SPICEWOOD SUBHomestead | $363K | ▼ 21% |
| VENETIA GARDENS SOUTH CONHomestead | $190K | ▼ 17% |
| VENETIA GROVEHomestead | $272K | ▼ 16% |
| SHOMA CONDO AT KEYS COVEHomestead | $194K | ▼ 15% |
| KEYS LANDINGHomestead | $472K | ▼ 15% |
| COSTA BLANCA VILLASHomestead | $316K | 20 days |
| Baywood IIHomestead | $577K | 23 days |
| On CentroHomestead | $409K | 25 days |
| Del MarHomestead | $363K | 26 days |
| MARBELLA BAYHomestead | $347K | 26 days |
Homestead ZIP codes
Most active communities
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 neither side decisively in Homestead — the Momentum Score reads 54/100. 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 $447,750, down 2.5% versus the prior year, while sellers still capture 95.4% 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 (-21%); VENETIA GARDENS SOUTH CON (-17%); VENETIA GROVE (-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 COSTA BLANCA VILLAS (20 days); Baywood II (23 days); On Centro (25 days) — homes there go under contract well ahead of the market-wide pace of 59 days.
How does Homestead compare to the rest of Miami-Dade County?
Homestead's median of $447,750 runs 18% below the county-wide median of $547,500, and homes here take 59 days to go under contract versus 69 county-wide.
Homestead housing market FAQ
What is the median home price in Homestead?
The median sale price in Homestead is currently $447,750, down 2.5% from a year ago, based on MLS sales data updated August 6, 2026.
Is Homestead a buyer's or seller's market right now?
The data currently is roughly balanced. Homestead scores 54 of 100 on the Momentum Score. 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 59 days, per current MLS data.
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: August 6, 2026 at 7:18 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.