Last updated October 31, 2026
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Miami Housing Market: Real Estate Statistics 2026
The median Miami house sold for $700,000 in September 2026 and the median condo or townhouse for $420,000; 2,084 houses and 5,083 condos and townhouses were for sale on October 31, 2026, and 40.8% of houses for sale had cut their asking price. This page collects 82 Miami housing statistics that PBP Real Estate computes from BeachesMLS listing data and publishes across its research pages, in one place, each dated and linked to the page where it was first published. Houses and condos/townhouses are always reported separately. Edition 2026-10-31, frozen; a new edition is published each day the data refreshes.
Miami at a glance, edition 2026-10-31
Houses Condos and townhouses County
Key takeaways: 9 Miami housing statistics to cite
- The median Miami house sold for $700,000 in September 2026, +4.9% against September 2025; condos and townhouses $420,000, +0.6%. Source: Miami real estate market page, September 2026.
- 3,805 Miami houses and 3,592 condos and townhouses sold Jan 1 - Sep 30, 2026; house sales were up +5.6% on the same period of 2025, condos and townhouses +4.9%. Source: Miami real estate market page, Jan 1 - Sep 30, 2026.
- Miami had 2,084 houses and 5,083 condos and townhouses for sale on October 31, 2026: 5.8 months of house inventory against 15.0 months for condos and townhouses. Miami houses are in a balanced market at 5.8 months of inventory; condos and townhouses are in a buyer's market at 15.0 months. Source: Miami real estate market page, as of October 31, 2026.
- Houses that sold in September 2026 took a median 39 days to go under contract; condos and townhouses 64 days. Homes still for sale have been listed a median 67 days (houses) and 95 days (condos and townhouses). Source: Miami real estate market page, September 2026.
- Seller Blink Rate: 40.8% of Miami houses for sale and 37.7% of condos and townhouses are priced below their original asking price; the median recorded cut is 4.9% ($46,000) for houses and 5.6% ($27,065) for condos and townhouses. Source: Miami price cuts, as of October 31, 2026.
- 26.0% of Miami house sales and 44.8% of condo and townhouse sales were cash (January 1 - October 31, 2026). Source: Asking vs sale price in Miami, January 1 - October 31, 2026.
- 79.5% of Miami houses and 88.5% of condos and townhouses sold in 2026 closed below their original asking price. Source: Asking vs sale price in Miami, January 1 - October 31, 2026.
- The median asking rent across 6,156 Miami homes and condos listed for lease is $2,950 a month; 2-bedroom rentals $2,655 a month, 3-bedroom $3,495 a month. Source: Miami rental market, listed for lease as of October 31, 2026.
- Miami houses sold for $700,000 against $691,000 across Miami-Dade County in September 2026; condos and townhouses $420,000 against $417,090. Source: Miami-Dade County market report, September 2026.
Each line above is written to be quoted as it stands. Cite "PBP Real Estate analysis of BeachesMLS listing data" and link to this page or to the source page named after the figure.
Are housing prices dropping in Miami?
Not on the latest closed sales. The median Miami house sold for $700,000 in September 2026, +4.9% against $667,000 in September 2025, and the median condo or townhouse for $420,000, +0.6% against $417,500. What separates the two markets is supply: 5,083 condos and townhouses were for sale on October 31, 2026, 15.0 months of inventory at the September 2026 sales pace, against 5.8 months for houses. Monthly medians compare different homes, so one month is not a trend; every figure below is dated and linked to the page where it was first published. County-wide: the Miami-Dade County market report.
Across all five counties: the South Florida housing market. Source: Miami real estate market page.
How many homes are for sale in Miami?
2,084 houses and 5,083 condos and townhouses were listed for sale in Miami on October 31, 2026, with a further 558 houses and 657 condos and townhouses under contract. At September 2026's sales pace that is 5.8 months of house inventory and 15.0 months for condos and townhouses. The median asking price of a Miami house for sale is $820,000 ($466 per sq ft); for condos and townhouses $519,000 ($552 per sq ft). Source: Miami real estate market page.
| Measure | Houses | Condos and townhouses |
|---|---|---|
| For sale | 2,084 | 5,083 |
| Under contract | 558 | 657 |
| Months of inventory | 5.8 months | 15.0 months |
| Median asking price | $820,000 | $519,000 |
| Median asking price per sq ft | $466 per sq ft | $552 per sq ft |
| Median days on market, for sale | 67 days | 95 days |
How Miami compares with every other city: months of inventory by city, houses and condos side by side.
What is the median home price in Miami?
The median Miami house sold for $700,000 in September 2026, +4.9% against $667,000 in September 2025; the median condo or townhouse sold for $420,000, +0.6% against $417,500. Year to date (Jan 1 - Sep 30, 2026) 3,805 houses closed at a median $700,000 and 3,592 condos and townhouses at $430,000; the same period of 2025 had 3,602 and 3,423 sales at $685,000 and $435,000. Monthly medians compare different homes, not repeat sales of the same home, so month-to-month moves partly reflect what happened to sell. Source: Miami real estate market page.
| Measure | Houses | Condos and townhouses |
|---|---|---|
| Sold, September 2026 | 362 | 339 |
| Median sale price, September 2026 | $700,000 | $420,000 |
| Median sale price, September 2025 | $667,000 | $417,500 |
| Change, September 2026 vs September 2025 | +4.9% | +0.6% |
| Median sale price per sq ft, September 2026 | $414 per sq ft | $362 per sq ft |
| Median sale price as share of final asking, September 2026 | 97.0% | 96.0% |
| Sold, Jan 1 - Sep 30, 2026 | 3,805 | 3,592 |
| Sold, Jan 1 - Sep 30, 2025 | 3,602 | 3,423 |
| Median sale price, Jan 1 - Sep 30, 2026 | $700,000 | $430,000 |
| Median sale price, Jan 1 - Sep 30, 2025 | $685,000 | $435,000 |
| Median sale price per sq ft, Jan 1 - Sep 30, 2026 | $415 per sq ft | $378 per sq ft |
What do these figures mean for your own home? Price my Miami home correctly · How to sell a house in Miami.
How long does it take to sell a home in Miami?
Houses that closed in September 2026 took a median 39 days to go under contract; condos and townhouses took 64 days. Year to date the medians are 43 days and 64 days. Homes still for sale carry longer clocks, 67 days for houses and 95 days for condos and townhouses, because the homes that sell quickly have already left the pool. Counting cumulative days across relistings, the median house for sale has been on the market 72.5 days and the median condo or townhouse 106 days (Buyer Hesitation Time). Source: Miami real estate market page, Miami price cuts.
| Measure | Houses | Condos and townhouses |
|---|---|---|
| Median days on market, sold September 2026 | 39 days | 64 days |
| Median days on market, sold Jan 1 - Sep 30, 2026 | 43 days | 64 days |
| Median days on market, homes for sale | 67 days | 95 days |
How many Miami sellers have cut their asking price?
40.8% of Miami houses for sale and 37.7% of condos and townhouses were priced below their original asking price on October 31, 2026, the Seller Blink Rate. The median recorded cut was 4.9% ($46,000) for houses and 5.6% ($27,065) for condos and townhouses; 20.9% of houses for sale cut in the last 30 days. 41.4% of houses for sale have been on the market more than 90 cumulative days, and 17.9% have passed 90 days without any recorded cut. The MLS record does not carry every price change, so every cut share is a floor.
Palm Beach County as a whole: 41.0% of houses and 38.0% of condos and townhouses. Source: Miami price cuts.
| Measure | Houses | Condos and townhouses |
|---|---|---|
| Seller Blink Rate (priced below original asking) | 40.8% | 37.7% |
| Median recorded cut | 4.9% | 5.6% |
| Median recorded cut, dollars | $46,000 | $27,065 |
| Cut in the last 30 days | 20.9% | 15.1% |
| Buyer Hesitation Time (median cumulative days, for sale) | 72.5 days | 106 days |
| On the market more than 90 cumulative days | 41.4% | 54.3% |
| Over 90 days with no recorded cut | 17.9% | 25.9% |
How many "new" Miami listings had been listed before?
Not reported of Miami houses for sale and not reported of condos and townhouses carried more cumulative days on market than their current listing shows, the MLS signature of an earlier listing that ended without a sale. Relists entered under an unlinked new MLS number are not detected, so these shares are floors. Source: .
| Measure | Houses | Condos and townhouses |
|---|---|---|
| Share of homes for sale that had been listed before | not reported | not reported |
| Share of homes new to market last month that had been listed before | not reported | not reported |
| Median prior market days carried by relisted homes | not reported | not reported |
What do Miami condo and HOA fees cost?
On October 31, 2026, the median monthly fee on a Miami condominium for sale is $962 a month, 48.1% of listings carry a fee above $1,000 a month and the median annual fee equals 2.2% of the asking price; townhouses and villas for sale carry a median HOA fee of $184 a month (middle half $135 to 300). Fees are read from active listings, after exclusions and percentile trimming described on the index page; a multi-year fee series for Miami is not yet published.
| Measure | Value | Period |
|---|---|---|
| Median monthly condo fee, condominiums for sale | $962 a month | as of October 31, 2026 |
| Share of condominiums for sale with a monthly fee over $1,000 | 48.1% | as of October 31, 2026 |
| Median annual condo fee as share of asking price | 2.2% | as of October 31, 2026 |
| Median monthly HOA fee, townhouses and villas for sale | $184 a month | as of October 31, 2026 |
| Middle half of monthly HOA fees, townhouses and villas for sale | $135 to 300 | as of October 31, 2026 |
Source: Miami Condo Fee Index.
How many Miami home sales are cash?
26.0% of Miami house sales and 44.8% of condo and townhouse sales closed for cash between January 1 and October 31, 2026, against 23.5% and 45.6% in the same period of 2025. In the same window 79.5% of houses and 88.5% of condos and townhouses closed below their original asking price. Financing is the buyer-financing field recorded at closing. Source: Asking vs sale price in Miami.
| Measure | Value | Period |
|---|---|---|
| Cash share of sold houses | 26.0% | January 1 - October 31, 2026 |
| Cash share of sold houses | 23.5% | same period 2025 |
| Cash share of sold condos and townhouses | 44.8% | January 1 - October 31, 2026 |
| Cash share of sold condos and townhouses | 45.6% | same period 2025 |
| Share of sold houses that closed below original asking price | 79.5% | January 1 - October 31, 2026 |
| Share of sold condos and townhouses that closed below original asking price | 88.5% | January 1 - October 31, 2026 |
What do Miami rentals cost?
The median asking rent across the 6,156 Miami homes and condos listed for lease on October 31, 2026 was $2,950 a month. One-bedroom rentals asked a median $2,475 a month, two-bedroom $2,655 a month and three-bedroom $3,495 a month; the median rental had been listed 44 days, and furnished units asked 107.0% more than unfurnished units of similar size. These are asking rents on listings for lease, not signed leases. Source: Miami rental market.
| Measure | Value |
|---|---|
| Homes and condos listed for lease | 6,156 |
| Median asking rent, homes and condos listed for lease | $2,950 a month |
| Median asking rent, 1-bedroom rentals | $2,475 a month |
| Median asking rent, 2-bedroom rentals | $2,655 a month |
| Median asking rent, 3-bedroom rentals | $3,495 a month |
| Median days on market, rentals listed for lease | 44 days |
| Furnished asking-rent premium over unfurnished, like-for-like size | 107.0% |
How does Miami compare with Miami-Dade County?
Miami houses sold for a median $700,000 in September 2026 against $691,000 across Miami-Dade County, and condos and townhouses for $420,000 against $417,090. Miami carries 5.8 months of house inventory against the county's 5.7 months, and 15.0 months of condo and townhouse inventory against 13.0 months. Source: Miami-Dade County market report.
| Measure | Miami | Miami-Dade County |
|---|---|---|
| Median sale price, houses, September 2026 | $700,000 | $691,000 |
| Median sale price, condos and townhouses, September 2026 | $420,000 | $417,090 |
| Months of inventory, houses | 5.8 months | 5.7 months |
| Months of inventory, condos and townhouses | 15.0 months | 13.0 months |
| Median days on market of sold houses, September 2026 | 39 days | 41 days |
| Median days on market of sold condos and townhouses, September 2026 | 64 days | 66 days |
| Seller Blink Rate, houses | 40.8% | 41.0% |
| Seller Blink Rate, condos and townhouses | 37.7% | 38.0% |
What these statistics mean if you are selling in Miami
The numbers that decide a Miami sale are the ones in the asking-price sections: 40.8% of houses for sale have already cut their asking price. The buyer's agent reading your listing sees the cumulative days, the earlier asking prices and the county comparison above. The useful question before listing is not what the highest number is that the market might accept, but what the first asking price should be so the home sells before it joins the cut-and-relist cohorts. That is the question a comparative market analysis from PBP Real Estate answers, house by house, from the same closed-sale record used here.
All 82 statistics in this edition
Every figure on this page grouped by section, with its type, period, data date and the PBP page where it was first published. The same table is downloadable as CSV below.
Inventory and supply (12 statistics)
| Statistic | Type | Value | Period |
|---|---|---|---|
| Houses for sale | Houses | 2,084 | as of October 31, 2026 |
| Houses under contract | Houses | 558 | as of October 31, 2026 |
| Months of inventory, houses | Houses | 5.8 months | as of October 31, 2026 |
| Median asking price, houses for sale | Houses | $820,000 | as of October 31, 2026 |
| Median asking price per square foot, houses for sale | Houses | $466 per sq ft | as of October 31, 2026 |
| Median days on market, houses for sale | Houses | 67 days | as of October 31, 2026 |
| Condos and townhouses for sale | Condos and townhouses | 5,083 | as of October 31, 2026 |
| Condos and townhouses under contract | Condos and townhouses | 657 | as of October 31, 2026 |
| Months of inventory, condos and townhouses | Condos and townhouses | 15.0 months | as of October 31, 2026 |
| Median asking price, condos and townhouses for sale | Condos and townhouses | $519,000 | as of October 31, 2026 |
| Median asking price per square foot, condos and townhouses for sale | Condos and townhouses | $552 per sq ft | as of October 31, 2026 |
| Median days on market, condos and townhouses for sale | Condos and townhouses | 95 days | as of October 31, 2026 |
| Source: Miami real estate market page. Data as of October 31, 2026. | |||
Prices and sales, houses (15 statistics)
| Statistic | Type | Value | Period |
|---|---|---|---|
| Houses sold | Houses | 362 | September 2026 |
| Median sale price, houses | Houses | $700,000 | September 2026 |
| Median sale price per square foot, houses | Houses | $414 per sq ft | September 2026 |
| Median days on market of sold houses | Houses | 39 days | September 2026 |
| Median sale price as share of final asking price, houses | Houses | 97.0% | September 2026 |
| Houses sold | Houses | 419 | September 2025 |
| Median sale price, houses | Houses | $667,000 | September 2025 |
| Median sale price change, houses, September 2026 vs September 2025 | Houses | +4.9% | September 2026 vs September 2025 |
| Houses sold | Houses | 3,805 | Jan 1 - Sep 30, 2026 |
| Median sale price, houses | Houses | $700,000 | Jan 1 - Sep 30, 2026 |
| Median sale price per square foot, houses | Houses | $415 per sq ft | Jan 1 - Sep 30, 2026 |
| Median days on market of sold houses | Houses | 43 days | Jan 1 - Sep 30, 2026 |
| Houses sold | Houses | 3,602 | Jan 1 - Sep 30, 2025 |
| Median sale price, houses | Houses | $685,000 | Jan 1 - Sep 30, 2025 |
| Change in houses sold, Jan 1 - Sep 30, 2026 vs Jan 1 - Sep 30, 2025 | Houses | +5.6% | Jan 1 - Sep 30, 2026 vs Jan 1 - Sep 30, 2025 |
| Source: Miami real estate market page. Data as of October 31, 2026. | |||
Prices and sales, condos and townhouses (15 statistics)
| Statistic | Type | Value | Period |
|---|---|---|---|
| Condos and townhouses sold | Condos and townhouses | 339 | September 2026 |
| Median sale price, condos and townhouses | Condos and townhouses | $420,000 | September 2026 |
| Median sale price per square foot, condos and townhouses | Condos and townhouses | $362 per sq ft | September 2026 |
| Median days on market of sold condos and townhouses | Condos and townhouses | 64 days | September 2026 |
| Median sale price as share of final asking price, condos and townhouses | Condos and townhouses | 96.0% | September 2026 |
| Condos and townhouses sold | Condos and townhouses | 406 | September 2025 |
| Median sale price, condos and townhouses | Condos and townhouses | $417,500 | September 2025 |
| Median sale price change, condos and townhouses, September 2026 vs September 2025 | Condos and townhouses | +0.6% | September 2026 vs September 2025 |
| Condos and townhouses sold | Condos and townhouses | 3,592 | Jan 1 - Sep 30, 2026 |
| Median sale price, condos and townhouses | Condos and townhouses | $430,000 | Jan 1 - Sep 30, 2026 |
| Median sale price per square foot, condos and townhouses | Condos and townhouses | $378 per sq ft | Jan 1 - Sep 30, 2026 |
| Median days on market of sold condos and townhouses | Condos and townhouses | 64 days | Jan 1 - Sep 30, 2026 |
| Condos and townhouses sold | Condos and townhouses | 3,423 | Jan 1 - Sep 30, 2025 |
| Median sale price, condos and townhouses | Condos and townhouses | $435,000 | Jan 1 - Sep 30, 2025 |
| Change in condos and townhouses sold, Jan 1 - Sep 30, 2026 vs Jan 1 - Sep 30, 2025 | Condos and townhouses | +4.9% | Jan 1 - Sep 30, 2026 vs Jan 1 - Sep 30, 2025 |
| Source: Miami real estate market page. Data as of October 31, 2026. | |||
County context (8 statistics)
| Statistic | Type | Value | Period |
|---|---|---|---|
| Miami-Dade County median sale price, houses | Houses | $691,000 | September 2026 |
| Miami-Dade County months of inventory, houses | Houses | 5.7 months | as of October 31, 2026 |
| Miami-Dade County median days on market of sold houses | Houses | 41 days | September 2026 |
| Miami-Dade County median sale price, condos and townhouses | Condos and townhouses | $417,090 | September 2026 |
| Miami-Dade County months of inventory, condos and townhouses | Condos and townhouses | 13.0 months | as of October 31, 2026 |
| Miami-Dade County median days on market of sold condos and townhouses | Condos and townhouses | 66 days | September 2026 |
| Source: Miami-Dade County market report. Data as of October 31, 2026. | |||
| Statistic | Type | Value | Period |
|---|---|---|---|
| Miami-Dade County Seller Blink Rate, houses | Houses | 41.0% | as of October 31, 2026 |
| Miami-Dade County Seller Blink Rate, condos and townhouses | Condos and townhouses | 38.0% | as of October 31, 2026 |
| Source: South Florida price cuts. Data as of October 31, 2026. | |||
Asking-price cuts (14 statistics)
| Statistic | Type | Value | Period |
|---|---|---|---|
| Seller Blink Rate, houses: share of homes for sale priced below their original asking price | Houses | 40.8% | as of October 31, 2026 |
| Median recorded asking-price cut, houses | Houses | 4.9% | as of October 31, 2026 |
| Median recorded asking-price cut, houses | Houses | $46,000 | as of October 31, 2026 |
| Share of houses for sale that cut in the last 30 days | Houses | 20.9% | as of October 31, 2026 |
| Buyer Hesitation Time, houses: median cumulative days on market of homes for sale | Houses | 72.5 days | as of October 31, 2026 |
| Share of houses for sale on the market more than 90 cumulative days | Houses | 41.4% | as of October 31, 2026 |
| Share of houses for sale over 90 days with no recorded cut | Houses | 17.9% | as of October 31, 2026 |
| Seller Blink Rate, condos and townhouses: share of homes for sale priced below their original asking price | Condos and townhouses | 37.7% | as of October 31, 2026 |
| Median recorded asking-price cut, condos and townhouses | Condos and townhouses | 5.6% | as of October 31, 2026 |
| Median recorded asking-price cut, condos and townhouses | Condos and townhouses | $27,065 | as of October 31, 2026 |
| Share of condos and townhouses for sale that cut in the last 30 days | Condos and townhouses | 15.1% | as of October 31, 2026 |
| Buyer Hesitation Time, condos and townhouses: median cumulative days on market of homes for sale | Condos and townhouses | 106 days | as of October 31, 2026 |
| Share of condos and townhouses for sale on the market more than 90 cumulative days | Condos and townhouses | 54.3% | as of October 31, 2026 |
| Share of condos and townhouses for sale over 90 days with no recorded cut | Condos and townhouses | 25.9% | as of October 31, 2026 |
| Source: Miami price cuts. Data as of October 31, 2026. | |||
Association fees (5 statistics)
| Statistic | Type | Value | Period |
|---|---|---|---|
| Median monthly HOA fee, townhouses and villas for sale | Townhouses and villas | $184 a month | as of October 31, 2026 |
| Middle half of monthly HOA fees, townhouses and villas for sale | Townhouses and villas | $135 to 300 | as of October 31, 2026 |
| Source: Miami HOA Fee Index. Data as of October 31, 2026. | |||
| Statistic | Type | Value | Period |
|---|---|---|---|
| Median monthly condo fee, condominiums for sale | Condominiums | $962 a month | as of October 31, 2026 |
| Share of condominiums for sale with a monthly fee over $1,000 | Condominiums | 48.1% | as of October 31, 2026 |
| Median annual condo fee as share of asking price | Condominiums | 2.2% | as of October 31, 2026 |
| Source: Miami Condo Fee Index. Data as of October 31, 2026. | |||
Financing (6 statistics)
| Statistic | Type | Value | Period |
|---|---|---|---|
| Cash share of sold houses | Houses | 26.0% | January 1 - October 31, 2026 |
| Share of sold houses that closed below original asking price | Houses | 79.5% | January 1 - October 31, 2026 |
| Cash share of sold houses | Houses | 23.5% | same period 2025 |
| Cash share of sold condos and townhouses | Condos and townhouses | 44.8% | January 1 - October 31, 2026 |
| Share of sold condos and townhouses that closed below original asking price | Condos and townhouses | 88.5% | January 1 - October 31, 2026 |
| Cash share of sold condos and townhouses | Condos and townhouses | 45.6% | same period 2025 |
| Source: Asking vs sale price in Miami. Data as of October 31, 2026. | |||
Rentals (7 statistics)
| Statistic | Type | Value | Period |
|---|---|---|---|
| Median asking rent, homes and condos listed for lease | All rentals | $2,950 a month | listed for lease as of October 31, 2026 |
| Homes and condos listed for lease | All rentals | 6,156 | listed for lease as of October 31, 2026 |
| Median days on market, rentals listed for lease | All rentals | 44 days | listed for lease as of October 31, 2026 |
| Median asking rent, 1-bedroom rentals | 1-bedroom | $2,475 a month | listed for lease as of October 31, 2026 |
| Median asking rent, 2-bedroom rentals | 2-bedroom | $2,655 a month | listed for lease as of October 31, 2026 |
| Median asking rent, 3-bedroom rentals | 3-bedroom | $3,495 a month | listed for lease as of October 31, 2026 |
| Furnished asking-rent premium over unfurnished, like-for-like size | All rentals | 107.0% | listed for lease as of October 31, 2026 |
| Source: Miami rental market. Data as of October 31, 2026. | |||
Method, source, corrections and download
- Source data: BeachesMLS listings permitted for internet display, delivered through Cotality Trestle (PBP connection 23039). Listings whose sellers declined internet display are absent and their number is unknown, so no figure is a census.
- Property type follows the tax legal description: a condominium regime in the legal makes the property a condo whatever the MLS type; townhouses and villas are reported with condos. Houses and condos/townhouses are never combined into one figure.
- Medians are reported only where the source page's own sample floor is met (5 sales for hub medians, 30 listings for shares on the research indexes); figures under the floor are omitted, never estimated. Derived changes (year-over-year, share changes) are computed from the two published figures and marked as such in the download.
- Each statistic carries its own data date. Monthly medians use the latest complete month (September 2026); inventory, contract and asking-price figures are the October 31, 2026 snapshot; the Relisting Index is its October 31, 2026 edition.
- This is the 2026-10-31 edition and it is frozen. A new edition is published each day the data refreshes; earlier editions remain downloadable. Published-figure errors are logged at the corrections log.
- Download: 2026-10-31.csv (CSV, this edition, one row per statistic with source URL) or the latest edition. Listing-level records are MLS data and are not redistributed.
- Free to cite with attribution to "PBP Real Estate analysis of BeachesMLS listing data" and a link. Questions or a request for a figure not shown here: info@pbpre.com or 561-395-8418.
Related research: Miami price cuts, Miami condo fees, the Miami rental market, the Miami real estate market page, Miami-Dade County real estate statistics, the Miami-Dade County market report and, across all five counties, South Florida homes listed below their purchase price.
Real estate statistics for other South Florida cities
Same method, same sources, one page per city 88 other city editions across 5 counties. Same-county editions are listed below; the index of every city edition is at South Florida real estate statistics by city.
Miami-Dade County
Aventura, Bal Harbour, Bay Harbor Islands, Biscayne Park, Coconut Grove, Coral Gables, Cutler Bay, Doral, Florida City, Hialeah, Hialeah Gardens, Homestead, Key Biscayne, Miami Beach, Miami Gardens, Miami Lakes, Miami Shores, Miami Springs, North Bay Village, North Miami, North Miami Beach, Opa Locka, Palmetto Bay, Pinecrest, South Miami, Sunny Isles Beach, Surfside.
Other counties: Palm Beach County (29 cities), Broward County (26 cities), Martin County (4 cities), St. Lucie County (2 cities).
Based on information from BeachesMLS for September 2026 and for January 1, 2026 through September 30, 2026, retrieved October 31, 2026. Information deemed reliable but not guaranteed. Listings permitted for internet display.
Questions about the Miami housing market
What is the median home price in Miami?
In September 2026 the median Miami house sold for $700,000 and the median condo or townhouse for $420,000, from 362 and 339 closed sales in BeachesMLS. Year to date (Jan 1 - Sep 30, 2026) the medians are $700,000 and $430,000. Houses and condos are reported separately and never averaged together.
How many homes are for sale in Miami?
On October 31, 2026, 2,084 houses and 5,083 condos and townhouses were listed for sale in Miami, with 558 houses and 657 condos and townhouses under contract. That is 5.8 months of house inventory and 15.0 months for condos and townhouses at last month's sales pace.
How long does it take to sell a home in Miami?
Houses that closed in September 2026 had a median 39 days on the market; condos and townhouses 64 days. Homes still for sale on October 31, 2026 had been listed a median 67 days (houses) and 95 days (condos and townhouses); the sold figure is shorter because homes that sell quickly leave the for-sale pool.
Is Miami a buyer's or seller's market?
Miami houses are in a balanced market at 5.8 months of inventory; condos and townhouses are in a buyer's market at 15.0 months. Months of inventory is homes for sale on October 31, 2026, divided by September 2026 closed sales; under 4 months of inventory favors sellers, 4 to 6 is balanced, over 6 favors buyers. Houses and condos are read separately because they often sit in different markets.
How many Miami sellers have cut their asking price?
On October 31, 2026, 40.8% of Miami houses for sale and 37.7% of condos and townhouses carried an asking price below their original asking price (the Seller Blink Rate). The median recorded cut was 4.9% for houses and 5.6% for condos and townhouses. The MLS record does not carry every price change, so these counts are floors.
How to cite this page
Free to reuse with attribution and a link to PBP Real Estate. Copy the line below; the URL is permanent and always shows the latest figures.
PBP Real Estate analysis of BeachesMLS listing data, "Miami real estate statistics," as of October 31, 2026, https://www.pbprealestate.com/miami-real-estate-statistics/For a versioned edition, use its own figures, original statistical date and revision notice. Corrections are disclosed publicly and may produce a corrected reissue. The monthly snapshot may differ from this current page; do not attach today's figure to the monthly citation:
PBP Real Estate analysis of BeachesMLS listing data, "Miami real estate statistics, edition 2026-10-31 (CSV)," https://www.pbprealestate.com/data/statistics/miami/2026-10-31.csvMethod: How to read our numbers. Every kit and chart: pbprealestate.com/press. Questions or a licensed quote: Gia Freer, Broker of Record (Lic. BK689801), 561-395-8418.
For sellers
Pricing a home is a skill. Start with the current competition and recent closed sales.
40.8% of active single-family house listings in Miami have a recorded asking price below their original list price.
The data comes from the segment and recorded fields available in PBP Real Estate's BeachesMLS feed, as of the date shown. Gia Freer, Broker of Record, turns comparable sales and current competition into one written pricing opinion for your home, with the reasoning, before it goes live.
No website estimate, no automated number: a written opinion of value prepared by hand, within one business day.
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