Miami
Housing Market
Median sale price $582,500, down 0.4% year over year, with homes going under contract in about 66 days.
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Housing Market Analyst
Prices are down 0.4% versus the prior year, but sellers are still collecting 93.0% 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 Miami data, not a prediction or guarantee. Markets move; talk to an agent before acting on any single reading.
Where Miami is hot — and where it isn't
Each dot is a community (350 shown, sized by sales volume rank). Click any dot to open its full neighborhood guide.
The read on Miami
The median sale price across Miami currently stands at $582,500, down 0.4% from a year ago. Buyers are paying a median of $412 per square foot. The typical home goes under contract in about 66 days. Sellers are capturing 93.0% of their original asking price on average.
Miami prices sit above the Miami-Dade County median by roughly 6%. 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 Miami is 48 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 August 6, 2026.
Miami since 2012 — and where it’s heading
A median home here sold for $265,966 in 2012 and $929,391 over the last recorded year — 249% appreciation across 14 years of recorded sales. Cash buyers took 42% of recent sales, down from a 44% peak.
Median sale price · 2012–2026 (103,037 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 Miami
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
| SHENANDOAHMiami | $1.43M | ▲ 59% |
| TROPICAL ISLE HOMES SUB 4Miami | $5.22M | ▲ 58% |
| HIGH PINES REV PLAT OF 2NMiami | $4.72M | ▲ 53% |
| SUNSET ISLANDS-ISLAND NOMiami | $18.9M | ▲ 51% |
| LA GORCE GOLF SUBMiami | $4.70M | ▲ 48% |
| BYAN PARKMiami | $670K | ▼ 46% |
| 1800 CLUB CONDOMiami | $470K | ▼ 44% |
| AMD PLAT OF SUNSET LAKE SMiami | $2.90M | ▼ 40% |
| THE RIVIERA CONDOMiami | $615K | ▼ 39% |
| ASTON MARTIN RESIDENCESMiami | $2.60M | ▼ 38% |
| THE TROPICSMiami | $490K | 5 days |
| PINE SHOREMiami | $1.14M | 12 days |
| CALUSA POINTMiami | $480K | 12 days |
| ROYALE GREEN TOWNHOUSE SEMiami | $478K | 12 days |
| CENTRAL MIAMI PT 1Miami | $950K | 14 days |
Miami ZIP codes
Most active communities
Put this data to work
The questions people actually ask
Should I buy a house in Miami right now?
The data says conditions currently favor neither side decisively in Miami — the Momentum Score reads 48/100. 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 Miami becoming more affordable?
Yes, modestly — the median sale price in Miami is $582,500, down 0.4% versus the prior year, while sellers still capture 93.0% 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 Miami?
Among tracked communities with enough sales to measure, the sharpest 1-year median declines are BYAN PARK (-46%); 1800 CLUB CONDO (-44%); AMD PLAT OF SUNSET LAKE S (-40%). 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 Miami neighborhoods are most competitive?
Measured by speed of sale, the fastest-moving tracked communities right now are THE TROPICS (5 days); PINE SHORE (12 days); CALUSA POINT (12 days) — homes there go under contract well ahead of the market-wide pace of 66 days.
How does Miami compare to the rest of Miami-Dade County?
Miami's median of $582,500 runs 6% above the county-wide median of $547,500, and homes here take 66 days to go under contract versus 69 county-wide.
Miami housing market FAQ
What is the median home price in Miami?
The median sale price in Miami is currently $582,500, down 0.4% from a year ago, based on MLS sales data updated August 6, 2026.
Is Miami a buyer's or seller's market right now?
The data currently is roughly balanced. Miami scores 48 of 100 on the Momentum Score. Conditions change; this page updates daily.
How long do homes take to sell in Miami?
The typical home in Miami goes under contract in about 66 days, per current MLS data.
Are home prices in Miami rising or falling?
Median sale prices are down 0.4% 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 Miami. 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.