Data Analysis
Miami-Dade County had 1,937 houses and townhomes listed at $1 million or more and 367 under contract or pending on October 29, 2026, about 5.3 to 1, against 3.3 to 1 below $1 million.
Our MIAMI MLS data showed Coral Gables at 3.1 listings per contract at $1M+ and Key Biscayne at 14.0. 688 luxury listings sat below their original price.
Our live MLS data showed 1,937 houses and townhomes listed at $1 million or more in Miami-Dade County on October 29, 2026, and 367 under contract or pending, about 5.3 active listings for every home in a contract. Homes under $1 million ran at 3.3 to 1, with 4,418 active and 1,340 in a contract. The median $1 million-plus listing asked $2,290,000 and had been on the market 45 days. 688 of the 1,937, about 36 percent, were listed below their original asking price, at a median reduction of 6.3 percent. All figures are ours, computed from MIAMI MLS (SEFMLS) records; information is deemed reliable but not guaranteed.
This piece covers houses and townhomes only. Our October 26 article on Miami-Dade condo price cuts covers condos, and our October 28 article on South Dade new-construction townhomes covers builders. Completed-month figures are in our Miami median price and Miami days on market articles, and the full series sits on the Miami market data hub.
How many $1 million homes are for sale in Miami-Dade?
Of the 6,355 houses and townhomes for sale in Miami-Dade on October 29, 1,937 were listed at $1 million or more, about 30 percent, and they accounted for 367 of the 1,707 homes in a contract, about 21 percent. Single-family houses made up 1,800 of the $1 million listings, with 352 in a contract and a median asking price of $2,337,500. Townhomes added 137 active and 15 in a contract at a median of $1,695,000.
185 of the active $1 million listings had come on the market since October 15, and 84 of the homes now in a contract had their contract status recorded since October 15, at a median list price of $2.1 million. 332 active listings, about 17 percent, had been on the market 180 days or more.
Which luxury price ranges are selling in Miami-Dade?
| List price band | Active | Under contract or pending | Active per contract | Median days listed |
|---|---|---|---|---|
| $1 million to $1,499,999 | 562 | 111 | 5.1 | 35 |
| $1.5 million to $1,999,999 | 322 | 73 | 4.4 | 40 |
| $2 million to $2,999,999 | 321 | 63 | 5.1 | 42 |
| $3 million to $4,999,999 | 300 | 59 | 5.1 | 50 |
| $5 million to $9,999,999 | 255 | 33 | 7.7 | 58 |
| $10 million and above | 177 | 28 | 6.3 | 89 |
Source: Momentum Research, computed from MIAMI MLS (SEFMLS) records, houses and townhomes, live snapshot, October 29, 2026. Deemed reliable but not guaranteed.
From $1 million to $5 million, every band ran between 4.4 and 5.1 listings per contract, with the $1.5 million to $2 million range the busiest. Above $5 million the pace slowed to 7.7 to 1, and the 177 homes at $10 million and above had a median of 89 days on the market.
Where are Miami-Dade luxury homes selling fastest?
| City | Active at $1M+ | Under contract or pending | Active per contract | Median asking price | Median asking price per sq ft |
|---|---|---|---|---|---|
| Miami | 812 | 155 | 5.2 | $1,800,000 | $727 |
| Miami Beach | 190 | 26 | 7.3 | $5,200,000 | $1,544 |
| Coral Gables | 148 | 48 | 3.1 | $3,892,500 | $1,198 |
| Pinecrest | 111 | 29 | 3.8 | $5,950,000 | $1,047 |
| Doral | 86 | 6 | 14.3 | $1,398,500 | $464 |
| Homestead | 84 | 5 | 16.8 | $1,600,000 | $547 |
| Palmetto Bay | 60 | 25 | 2.4 | $1,668,500 | $623 |
| Key Biscayne | 42 | 3 | 14.0 | $7,170,000 | $1,909 |
| Miami Shores | 39 | 9 | 4.3 | $2,497,000 | $830 |
Source: Momentum Research, computed from MIAMI MLS (SEFMLS) records, live snapshot, October 29, 2026. Cities follow the listing address; "Miami" includes unincorporated areas with a Miami mailing address. Deemed reliable but not guaranteed.
Palmetto Bay, Coral Gables and Pinecrest ran fastest, from 2.4 to 3.8 listings per contract. Key Biscayne, Doral and Homestead each ran 14 to 1 or slower, and Miami Beach ran 7.3 to 1 at a median asking price of $5.2 million. Recent prices by place are on the Miami, Miami Beach, Coral Gables, Pinecrest, Palmetto Bay, Key Biscayne and Doral market pages.
Do waterfront and newer luxury homes sell differently?
Waterfront homes made up 346 of the $1 million listings, at a median asking price of $4,775,000, and ran at 5.6 to 1, close to the 5.2 to 1 pace for non-waterfront homes at a median of $1,995,000. New construction ran at 6.1 to 1, with 122 active and 20 in a contract at a median of $4,558,000, against 5.2 to 1 for resales.
By year built, homes finished before 1960 ran at 4.5 to 1 and homes from 1960 to 1989 at 4.1 to 1. Homes built from 1990 to 2009 ran at 6.9 to 1 and homes from 2010 on at 6.7 to 1, at a median asking price of $3.4 million. The median annual property tax shown on active $1 million listings was $16,426, a figure that often reflects the current owner's assessment rather than what a buyer would pay.
What does this mean for luxury buyers and sellers in Miami-Dade?
For buyers, homes above $5 million, in Key Biscayne, Doral and Miami Beach, and in newer construction offer the most choice per contract, and about a third of luxury listings have already cut their price once. Property taxes reset after a sale, so the Miami-Dade property tax page is worth a look, along with insurance estimates for Miami, Coral Gables, Pinecrest and Miami Beach. Community fees are on the Miami-Dade HOA fees by community page, and higher-priced neighborhoods are listed on the Miami-Dade luxury communities page.
For sellers, homes from $1 million to $5 million in Coral Gables, Pinecrest and Palmetto Bay drew contracts at a pace close to the market under $1 million. Our October 26 article on Naples million-dollar contracts covers another South Florida luxury market.
People also ask
How many million-dollar homes are for sale in Miami?
Our live MLS data showed 1,937 houses and townhomes listed at $1 million or more in Miami-Dade County on October 29, 2026, with 367 under contract or pending and a median asking price of $2,290,000.
Is the Miami luxury market slowing?
On October 29, 2026, Miami-Dade houses and townhomes at $1 million and above ran at about 5.3 active listings per contract, against 3.3 to 1 below $1 million. Homes at $5 million and above ran slower, at 6.3 to 7.7 to 1.
Which Miami-Dade areas have the fastest-selling luxury homes?
Among places with at least 40 active $1 million listings on October 29, 2026, Palmetto Bay ran at 2.4 listings per contract, Coral Gables at 3.1 and Pinecrest at 3.8.
Limitations
Figures are a single live snapshot taken October 29, 2026, not monthly totals, and can differ from inventory counts in monthly reports. Houses and townhomes follow the MLS property subtype; condos, villas, cooperatives, rentals and land are excluded. Under contract or pending includes listings marked either way in the MLS; coming-soon listings are excluded. The October 15 counts use the listing's on-market date and its pending or contract status change date as recorded in the MLS. Original asking price, year built, waterfront, new construction and tax fields come from the listing and may be missing or entered differently by agents. Days listed may reset when a listing is withdrawn and relisted. Cities follow the listing record. Sales recorded outside the MLS are not counted. Medians mix home sizes, ages and locations. Figures may be revised as the MLS updates records. This article is general information, not advice about any specific property or transaction.
Sources
- Momentum Research, computed from MIAMI MLS (SEFMLS) records, Miami-Dade County, live snapshot, October 29, 2026. Information is deemed reliable but not guaranteed.
- Miami market data hub, Momentum Research.
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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