Miami
Housing Market
Median sale price $570,000, down 0.1% year over year, with homes going under contract in about 63 days, 4,211 homes on the market.
Momentum
Your exact situation run against today's numbers: true comps, negotiation targets, and the off-market homes portals never show.
Selling instead? See what your home is worth today →
Housing Market Analyst
Inventory sits at 7218.9 months of supply — heavy by the 3-to-6-month balanced benchmark, and 24% of listed homes are already under contract. Prices are down 0.1% versus the prior year, but sellers are still collecting 93.5% 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 24% 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 Miami 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 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 $570,000, down 0.1% from a year ago. Buyers are paying a median of $404 per square foot. The typical home goes under contract in about 63 days. Sellers are capturing 93.5% of their original asking price on average.
There are 4,211 active listings on the market, with 824 more already under contract. At the current sales pace that works out to 7218.9 months of supply — a buyer-leaning market by the standard six-month benchmark. 7 homes closed here over the trailing 12 months.
Miami prices sit above the Miami-Dade County median by roughly 4%. 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 Miami is 36 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 6, 2026.
Miami since 2012 — and where it’s heading
A median home here sold for $254,371 in 2012 and $767,431 over the last recorded year — 202% appreciation across 14 years of recorded sales.
Median sale price · 2012–2026 (90,925 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 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.
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 | |
|---|---|---|---|---|
| Miami ← this page | $570K | 4,211 | 36 | |
| Miami Beach | $758K | 1,065 | 37 | Open → |
| Sunny Isles Beach | $475K | 831 | 24 | Open → |
| Aventura | $465K | 803 | 28 | Open → |
| Homestead | $460K | 794 | 40 | Open → |
| Doral | $630K | 324 | 47 | Open → |
Neighborhoods on the move
| 4250 BISCAYNE BOULEVARD CMiami | $514K | ▲ 58% |
| 50 BISCAYNE CONDOMiami | $910K | ▲ 53% |
| SHENANDOAHMiami | $1.41M | ▲ 49% |
| J G HEADS FARMSMiami | $2.49M | ▲ 38% |
| SHADOWLAWN EXTENSION SUBMiami | $847K | ▲ 35% |
| 1800 CLUB CONDOMiami | $428K | ▼ 48% |
| BYAN PARKMiami | $670K | ▼ 46% |
| HOLLEMAN PARKMiami | $1.45M | ▼ 39% |
| EGRET LAKES ESTATESMiami | $520K | ▼ 34% |
| BUCKLEY TOWERS CONDO - EAMiami | $135K | ▼ 34% |
| PARAMOUNT MIAMI WORLDCENTMiami | $868K | 59 |
| MAP OF MIAMI DADE CO. FL.Miami | $412K | 56 |
| ICONBRICKELL CONDO NO 1Miami | $715K | 45 |
| Opera Tower CondoMiami | $320K | 43 |
| MONTECARLO CONDOMiami | $115K | 39 |
| RICHMOND TOWNHOUSEMiami | $420K | 9 days |
| THE TROPICSMiami | $565K | 9 days |
| CALUSA POINTMiami | $475K | 12 days |
| ROYALE GREEN TOWNHOUSE SEMiami | $480K | 12 days |
| ANDERSON HEIGHTSMiami | $450K | 14 days |
Miami ZIP codes
Most active communities
More on Miami
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 buyers in Miami — the Momentum Score reads 36/100 with 7218.9 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 Miami becoming more affordable?
Yes, modestly — the median sale price in Miami is $570,000, down 0.1% versus the prior year, while sellers still capture 93.5% 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 1800 CLUB CONDO (-48%); BYAN PARK (-46%); HOLLEMAN PARK (-39%). 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 RICHMOND TOWNHOUSE (9 days); THE TROPICS (9 days); CALUSA POINT (12 days) — homes there go under contract well ahead of the market-wide pace of 63 days.
How does Miami compare to the rest of Miami-Dade County?
Miami's median of $570,000 runs 4% above the county-wide median of $549,900, and homes here take 63 days to go under contract versus 68 county-wide.
Miami housing market FAQ
How is the housing market in Miami right now?
As of October 6, 2026, the Miami housing market favors buyers: the median sale price is $570,000 (down 0.1% year over year), 4,211 homes are for sale against 7 sales in the last 12 months, which is 7218.9 months of supply, and the typical home goes under contract in about 63 days.
How much is a house in Miami?
The median home sold for $570,000 in Miami over the last 12 months, about $404 per square foot; asking prices on the 4,211 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 Miami?
By the numbers, sellers in Miami are getting 93.5% of asking price and going under contract in about 63 days with 7218.9 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 Miami housing market forecast?
Momentum Realty publishes the recorded trend, not a prediction: Miami median sale prices are down 0.1% year over year, inventory stands at 7218.9 months of supply, and 24% 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 Miami?
The median sale price in Miami is currently $570,000, down 0.1% from a year ago, based on MLS sales data updated October 6, 2026.
Is Miami a buyer's or seller's market right now?
The data currently favors buyers. Miami scores 36 of 100 on the Momentum Score, with 7218.9 months of housing supply. 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 63 days, per current MLS data.
How many homes are for sale in Miami?
There are approximately 4,211 active listings in Miami as of October 6, 2026.
Are home prices in Miami rising or falling?
Median sale prices are down 0.1% 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: October 6, 2026 at 7:22 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.