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PURE EQUITY

Housing Market

Miami housing market

The median home in Miami sold for $580,000 in October 2026, up 5.5% from $550,000 16 months earlier. On the measures below the market is close to balanced.

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.

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Where Miami stands right now

Median sale price

$580,000

October 2026

Median days on market

53 days

October 2026

Leverage

Are buyers or sellers in control in Miami?

On the last full month of data, Miami is close to balanced.

That is where the market stands today. Which way it has been moving is a separate question, and the trends below answer it.

  • ·7.88% of sales closed above asking
  • ·39.83% 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 $580,000 in Oct 2026, up 5.5% over 16 months. Trending in sellers' favour.

Median sale price by month
MonthMedian 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
Oct 2026$580,000

Median days on market

50 days in Jul 2025 to 53 days in Oct 2026, up 6% over 16 months. Trending in buyers' favour.

Median days on market by month
MonthMedian days on market
Jul 202550 days
Aug 202557 days
Sep 202558 days
Oct 202558 days
Nov 202556 days
Dec 202556 days
Jan 202661 days
Feb 202660 days
Mar 202652 days
Apr 202651 days
May 202648 days
Jun 202652 days
Jul 202650 days
Aug 202652 days
Sep 202648 days
Oct 202653 days

Share of sales closing above asking

9.3% in Jul 2025 to 7.9% in Oct 2026, down 15.1% over 16 months. Trending in buyers' favour.

Share of sales closing above asking by month
MonthShare of sales closing above asking
Jul 20259.3%
Aug 20256.7%
Sep 20256.7%
Oct 20256.3%
Nov 20258.0%
Dec 20256.0%
Jan 20266.2%
Feb 20267.5%
Mar 20268.9%
Apr 20266.9%
May 20269.6%
Jun 20269.9%
Jul 20269.4%
Aug 20267.2%
Sep 20269.6%
Oct 20267.9%

Share of sellers who cut their price

47.6% in Jul 2025 to 39.8% in Oct 2026, down 16.4% over 16 months. Trending in sellers' favour.

Share of sellers who cut their price by month
MonthShare of sellers who cut their price
Jul 202547.6%
Aug 202547.7%
Sep 202546.2%
Oct 202545.5%
Nov 202544.9%
Dec 202543.0%
Jan 202646.7%
Feb 202644.3%
Mar 202638.4%
Apr 202642.8%
May 202638.9%
Jun 202641.4%
Jul 202641.4%
Aug 202638.4%
Sep 202643.6%
Oct 202639.8%

Homes sold

873 in Jul 2025 to 241 in Oct 2026, down 72.4% over 16 months.

Homes sold by month
MonthHomes sold
Jul 2025873
Aug 2025863
Sep 2025927
Oct 2025962
Nov 2025766
Dec 2025971
Jan 2026666
Feb 2026801
Mar 20261,048
Apr 2026984
May 2026983
Jun 20261,041
Jul 2026923
Aug 2026887
Sep 2026762
Oct 2026241

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.

Browse Homes for SaleTalk to a Buyer's Agent

Nearby Markets

Compare Miami with nearby markets

Source: BeachesMLS via Trestle, compiled by Pure Equity Realty. Figures cover residential sales and exclude land and commercial. Updated nightly.

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