Housing Market
South Miami housing market
The median home in South Miami sold for $785,000 in September 2026, down 1.3% from $795,000 10 months earlier. On the measures below the market is close to balanced.
What is your South 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 South Miami stands right now
Median sale price
$785,000
September 2026
Homes for sale
49
as of today
Months of supply
5.3
inventory ÷ recent sales
Median days on market
33 days
September 2026
October 2026 is still in progress, so its 1 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 South Miami?
On the last full month of data, South 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.
- ·5.3 months of supply, in the balanced range
- ·only 0% of sales closed above asking
- ·26.67% 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.
South 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
$795,000 in Jul 2025 to $785,000 in Sep 2026, down 1.3% over 10 months. Trending in buyers' favour.
| Month | Median sale price |
|---|---|
| Jul 2025 | $795,000 |
| Aug 2025 | $1,205,000 |
| Sep 2025 | too few sales to report |
| Oct 2025 | $797,250 |
| Nov 2025 | too few sales to report |
| Dec 2025 | $658,750 |
| Jan 2026 | $1,550,000 |
| Feb 2026 | too few sales to report |
| Mar 2026 | $1,200,000 |
| Apr 2026 | $961,250 |
| May 2026 | $800,000 |
| Jun 2026 | $855,000 |
| Jul 2026 | too few sales to report |
| Aug 2026 | too few sales to report |
| Sep 2026 | $785,000 |
5 months are left blank because fewer than ten homes closed, which is too small a sample for a reliable median.
Median days on market
29 days in Jul 2025 to 33 days in Sep 2026, up 13.8% over 10 months. Trending in buyers' favour.
| Month | Median days on market |
|---|---|
| Jul 2025 | 29 days |
| Aug 2025 | 50 days |
| Sep 2025 | too few sales to report |
| Oct 2025 | 104 days |
| Nov 2025 | too few sales to report |
| Dec 2025 | 60 days |
| Jan 2026 | 16 days |
| Feb 2026 | too few sales to report |
| Mar 2026 | 49 days |
| Apr 2026 | 64 days |
| May 2026 | 21 days |
| Jun 2026 | 85 days |
| Jul 2026 | too few sales to report |
| Aug 2026 | too few sales to report |
| Sep 2026 | 33 days |
5 months are left blank because fewer than ten homes closed, which is too small a sample for a reliable median.
Share of sales closing above asking
0.0% in Jul 2025 to 0.0% in Sep 2026 over 10 months.
| Month | Share of sales closing above asking |
|---|---|
| Jul 2025 | 0.0% |
| Aug 2025 | 10.0% |
| Sep 2025 | too few sales to report |
| Oct 2025 | 7.1% |
| Nov 2025 | too few sales to report |
| Dec 2025 | 0.0% |
| Jan 2026 | 7.7% |
| Feb 2026 | too few sales to report |
| Mar 2026 | 18.2% |
| Apr 2026 | 8.3% |
| May 2026 | 13.3% |
| Jun 2026 | 8.3% |
| Jul 2026 | too few sales to report |
| Aug 2026 | too few sales to report |
| Sep 2026 | 0.0% |
5 months are left blank because fewer than ten homes closed, which is too small a sample for a reliable median.
Share of sellers who cut their price
30.0% in Jul 2025 to 26.7% in Sep 2026, down 11.1% over 10 months. Trending in sellers' favour.
| Month | Share of sellers who cut their price |
|---|---|
| Jul 2025 | 30.0% |
| Aug 2025 | 30.0% |
| Sep 2025 | too few sales to report |
| Oct 2025 | 57.1% |
| Nov 2025 | too few sales to report |
| Dec 2025 | 30.0% |
| Jan 2026 | 23.1% |
| Feb 2026 | too few sales to report |
| Mar 2026 | 36.4% |
| Apr 2026 | 41.7% |
| May 2026 | 33.3% |
| Jun 2026 | 83.3% |
| Jul 2026 | too few sales to report |
| Aug 2026 | too few sales to report |
| Sep 2026 | 26.7% |
5 months are left blank because fewer than ten homes closed, which is too small a sample for a reliable median.
Homes sold
10 in Jul 2025 to 15 in Sep 2026, up 50% over 15 months.
| Month | Homes sold |
|---|---|
| Jul 2025 | 10 |
| Aug 2025 | 10 |
| Sep 2025 | 8 |
| Oct 2025 | 14 |
| Nov 2025 | 6 |
| Dec 2025 | 10 |
| Jan 2026 | 13 |
| Feb 2026 | 8 |
| Mar 2026 | 11 |
| Apr 2026 | 12 |
| May 2026 | 15 |
| Jun 2026 | 12 |
| Jul 2026 | 6 |
| Aug 2026 | 7 |
| Sep 2026 | 15 |
Buying in South 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 South Miami with nearby markets
- Sunny Isles Beach housing market
- Miami-Dade County housing market
- Okeechobee housing market
- Okeechobee County housing market
- Boca Raton housing market
- Boynton Beach housing market
- Delray Beach housing market
- Greenacres housing market
- Highland Beach housing market
- Jupiter 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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