Housing Market
Miami housing market
The median home in Miami sold for $592,500 in September 2026, up 7.7% from $550,000 15 months earlier. On the measures below the market leans toward buyers.
What is your Miami home worth?
The median tells you about the market. It does not tell you about your home. Ask for a valuation built from recent sales near you rather than an online estimate.
Where Miami stands right now
Median sale price
$592,500
September 2026
Homes for sale
8,126
as of today
Months of supply
9.5
inventory ÷ recent sales
Median days on market
48 days
September 2026
October 2026 is still in progress, so its 241 closed sales so far are not comparable to a full month and are left out of the trends below.
Leverage
Are buyers or sellers in control in Miami?
On the last full month of data, Miami leans toward buyers.
That is where the market stands today. Which way it has been moving is a separate question, and the trends below answer it.
- ·9.5 months of supply, which favours buyers
- ·9.58% of sales closed above asking
- ·43.57% of sellers cut their price before closing
Read from months of supply, the share of sales closing above asking, and the share of sellers who cut their price. Each is scored against conventional thresholds and the balance decides. This describes the months already closed, not a prediction of what comes next.
Miami market trends, month by month
Every figure below is a complete calendar month. Blank months had too few sales to support a reliable median.
Median sale price
$550,000 in Jul 2025 to $592,500 in Sep 2026, up 7.7% over 15 months. Trending in sellers' favour.
| Month | Median sale price |
|---|---|
| Jul 2025 | $550,000 |
| Aug 2025 | $579,000 |
| Sep 2025 | $565,000 |
| Oct 2025 | $573,050 |
| Nov 2025 | $580,000 |
| Dec 2025 | $555,000 |
| Jan 2026 | $575,000 |
| Feb 2026 | $590,000 |
| Mar 2026 | $615,000 |
| Apr 2026 | $590,000 |
| May 2026 | $575,000 |
| Jun 2026 | $600,000 |
| Jul 2026 | $570,000 |
| Aug 2026 | $569,900 |
| Sep 2026 | $592,500 |
Median days on market
50 days in Jul 2025 to 48 days in Sep 2026, down 4% over 15 months. Trending in sellers' favour.
| Month | Median days on market |
|---|---|
| Jul 2025 | 50 days |
| Aug 2025 | 57 days |
| Sep 2025 | 58 days |
| Oct 2025 | 58 days |
| Nov 2025 | 56 days |
| Dec 2025 | 56 days |
| Jan 2026 | 61 days |
| Feb 2026 | 60 days |
| Mar 2026 | 52 days |
| Apr 2026 | 51 days |
| May 2026 | 48 days |
| Jun 2026 | 52 days |
| Jul 2026 | 50 days |
| Aug 2026 | 52 days |
| Sep 2026 | 48 days |
Share of sales closing above asking
9.3% in Jul 2025 to 9.6% in Sep 2026, up 3.2% over 15 months. Trending in sellers' favour.
| Month | Share of sales closing above asking |
|---|---|
| Jul 2025 | 9.3% |
| Aug 2025 | 6.7% |
| Sep 2025 | 6.7% |
| Oct 2025 | 6.3% |
| Nov 2025 | 8.0% |
| Dec 2025 | 6.0% |
| Jan 2026 | 6.2% |
| Feb 2026 | 7.5% |
| Mar 2026 | 8.9% |
| Apr 2026 | 6.9% |
| May 2026 | 9.6% |
| Jun 2026 | 9.9% |
| Jul 2026 | 9.4% |
| Aug 2026 | 7.2% |
| Sep 2026 | 9.6% |
Share of sellers who cut their price
47.6% in Jul 2025 to 43.6% in Sep 2026, down 8.6% over 15 months. Trending in sellers' favour.
| Month | Share of sellers who cut their price |
|---|---|
| Jul 2025 | 47.6% |
| Aug 2025 | 47.7% |
| Sep 2025 | 46.2% |
| Oct 2025 | 45.5% |
| Nov 2025 | 44.9% |
| Dec 2025 | 43.0% |
| Jan 2026 | 46.7% |
| Feb 2026 | 44.3% |
| Mar 2026 | 38.4% |
| Apr 2026 | 42.8% |
| May 2026 | 38.9% |
| Jun 2026 | 41.4% |
| Jul 2026 | 41.4% |
| Aug 2026 | 38.4% |
| Sep 2026 | 43.6% |
Homes sold
873 in Jul 2025 to 762 in Sep 2026, down 12.7% over 15 months.
| Month | Homes sold |
|---|---|
| Jul 2025 | 873 |
| Aug 2025 | 863 |
| Sep 2025 | 927 |
| Oct 2025 | 962 |
| Nov 2025 | 766 |
| Dec 2025 | 971 |
| Jan 2026 | 666 |
| Feb 2026 | 801 |
| Mar 2026 | 1,048 |
| Apr 2026 | 984 |
| May 2026 | 983 |
| Jun 2026 | 1,041 |
| Jul 2026 | 923 |
| Aug 2026 | 887 |
| Sep 2026 | 762 |
Buying in Miami?
The same figures read differently from the buying side. Ask what they mean for an offer on a specific home rather than for the market as a whole.
Nearby Markets
Compare Miami with nearby markets
- Miami Beach housing market
- Miami Gardens housing market
- Miami Lakes housing market
- Miami Shores housing market
- North Bay Village housing market
- North Miami housing market
- North Miami Beach housing market
- Palmetto Bay housing market
- Pinecrest housing market
- South Miami housing market
Source: BeachesMLS via Trestle, compiled by Pure Equity Realty. Figures cover residential sales and exclude land and commercial. Updated nightly.
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