Market Brief
Miami-Dade had 904 single-family houses for sale under $600,000 and 459 in a contract on November 4, 2026, about 2.0 listings per contract, against 3.7 for houses at $600,000 and up.
Houses under $500,000 ran 1.5 listings per contract. Townhomes under $600,000 ran 3.6 and condos 6.6.
On November 4, 2026, Miami-Dade County had 904 single-family houses listed for sale under $600,000 and 459 in a contract, about 2.0 listings per contract. Houses at $600,000 and up ran 3.7 (2,819 active, 764 in contract). Below $500,000 the ratio tightened to 1.5. From October 22 to November 4, our change log recorded 90 new contracts on houses under $600,000, against 87 in the prior two weeks, while new listings eased from 140 to 126. All figures are ours, computed from Miami MLS records.
Houses under $600,000 are the tightest part of the Miami-Dade for-sale market by this measure. Townhomes in the same price range ran 3.6 listings per contract and condos 6.6. This piece follows our look at Miami-Dade houses at $1 million and up, and our South Dade new construction townhomes and listing tax bills reports. Monthly figures are on the Miami market data hub.
How tight is each price band under $600,000?
| House asking price | Active | In contract | Listings per contract | Median days on market, active |
|---|---|---|---|---|
| Under $400,000 | 100 | 72 | 1.4 | 38 |
| $400,000 to $499,999 | 285 | 183 | 1.6 | 38 |
| $500,000 to $599,999 | 519 | 204 | 2.5 | 41 |
| $600,000 to $799,999 | 945 | 288 | 3.3 | 33 |
| $800,000 to $999,999 | 452 | 120 | 3.8 | 30 |
| $1 million to $1,999,999 | 638 | 208 | 3.1 | 39 |
| $2 million and up | 784 | 148 | 5.3 | 63 |
Source: Momentum Research, computed from Miami MLS records, Miami-Dade single-family houses, live map snapshot, November 4, 2026. In contract combines pending and under contract. Deemed reliable but not guaranteed.
Only 100 houses were listed under $400,000 across the whole county, and 72 more were already in a contract. The break comes at $500,000: the $500,000 to $599,999 band held 519 listings, more than the two lower bands combined, and ran 2.5 listings per contract. The median house under $600,000 asked $520,000, and the median one in a contract was listed at $499,000.
Where are houses under $600,000 for sale?
| Mailing city | Active | In contract | Listings per contract | Median asking price |
|---|---|---|---|---|
| Miami | 358 | 198 | 1.8 | $504,000 |
| Homestead | 246 | 81 | 3.0 | $500,000 |
| Miami Gardens | 81 | 65 | 1.2 | $512,500 |
| Hialeah | 46 | 34 | 1.4 | $550,000 |
| Florida City | 43 | 14 | 3.1 | $467,000 |
| North Miami Beach | 39 | 10 | 3.9 | $524,800 |
| North Miami | 32 | 25 | 1.3 | $499,000 |
| Cutler Bay | 27 | 12 | 2.2 | $550,000 |
| Opa-locka | 20 | 13 | 1.5 | $450,000 |
Source: Momentum Research, Miami MLS records, live map snapshot, November 4, 2026. City follows the listing's mailing city; the Miami mailing city includes unincorporated areas. Median asking price covers active and in-contract houses. Deemed reliable but not guaranteed.
The split is north against south. Miami Gardens, North Miami and Hialeah ran 1.2 to 1.4 listings per contract. Homestead and Florida City, in South Dade, ran 3.0 and 3.1, and together held 289 of the 904 active listings under $600,000, about 32 percent.
What moved in the last two weeks?
| Houses under $600,000 | Oct 8 to Oct 21 | Oct 22 to Nov 4 |
|---|---|---|
| New listings | 140 | 126 |
| New contracts | 87 | 90 |
| Price cuts | 172 | 169 |
| Back on market from a contract | 19 | 25 |
| Closed sales logged | 99 | 102 |
Source: Momentum Research, Miami MLS records, listing change log, October 8 to November 4, 2026. A change is counted when our refresh sees it. Deemed reliable but not guaranteed.
Activity held steady. New contracts equaled about 71 percent of new listings (90 against 126), and price cuts ran about 1.9 per new contract, close to the 2.0 for houses at $600,000 and up (337 cuts against 170 contracts). The median cut under $600,000 was 2.1 percent, or $10,000. Of the 90 new contracts, 33 were in the Miami mailing city, 16 in Homestead and 13 in Miami Gardens. Homestead also logged the second-most new listings, 32. Closed sales under $600,000 logged in the latest two weeks had a median price of $525,000.
What does this mean for buyers and sellers?
For buyers, a house under $500,000 in the northern half of the county is likely to draw competition: with 1.5 listings per contract, the supply of choices turns over quickly, so pre-approval and a clear inspection plan matter. Homestead and Florida City offer more listings to compare at 3.0 listings per contract. Budget beyond the price: our Miami-Dade property tax calculator and Miami-Dade HOA fees by community cover two common add-on costs. For sellers, pricing in the $500,000 to $599,999 band faces more competing listings than the bands below it, so a price just under $500,000 reaches the tighter part of the market. Pace by month is in our Miami Market Pulse.
People also ask
How many houses are for sale in Miami-Dade under $600,000?
904 single-family houses were listed under $600,000 on November 4, 2026, with 459 more in a contract, about 2.0 listings per contract.
Where are the most affordable houses for sale in Miami-Dade?
By count, the Miami mailing city (358 active) and Homestead (246) held the most houses listed under $600,000. Florida City had the lowest median asking price among the larger cities, $467,000.
Are houses under $500,000 selling fast in Miami-Dade?
Faster than higher price bands. Houses under $500,000 ran 1.5 listings per contract on November 4, 2026, against 3.7 for houses at $600,000 and up, with a median of 38 days on market for active listings.
Limitations
Figures are a single live map snapshot taken November 4, 2026, plus counts from our listing change log, which records a change when our refresh sees it and can miss quick status changes. City follows the listing's mailing city. In contract combines pending and under contract. Days on market is the listing's current count and may reset on relisting. Houses only; townhomes, villas and condos are counted separately where noted. This article is general information, not advice about any specific property or transaction.
Sources
- Momentum Research, computed from Miami MLS records, Miami-Dade County (live map snapshot, November 4, 2026; listing change log, October 8 to November 4, 2026). Information is deemed reliable but is not guaranteed by the MLS to be accurate.
Disclosure: Jon Brooks is a co-founder of Momentum Realty, a Florida real estate brokerage that owns and funds Florida Housing Intelligence. Momentum has a financial interest in Florida real estate transactions, including in markets named here. See our editorial standards.
Market statistics in this article are computed from MLS data licensed by Momentum Realty, and are current as of the date shown. Data may be preliminary and subject to revision by its source. This article is general information, not advice about any specific property, transaction, or financial decision, and is not a representation about any specific property, community, builder, or association.
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