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PURE EQUITY

Housing Market

South Miami housing market

The median home in South Miami sold for $0 in October 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.

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Where South Miami stands right now

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.

    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.

    Median sale price by month
    MonthMedian sale price
    Jul 2025$795,000
    Aug 2025$1,205,000
    Sep 2025too few sales to report
    Oct 2025$797,250
    Nov 2025too few sales to report
    Dec 2025$658,750
    Jan 2026$1,550,000
    Feb 2026too few sales to report
    Mar 2026$1,200,000
    Apr 2026$961,250
    May 2026$800,000
    Jun 2026$855,000
    Jul 2026too few sales to report
    Aug 2026too few sales to report
    Sep 2026$785,000
    Oct 2026too few sales to report

    6 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.

    Median days on market by month
    MonthMedian days on market
    Jul 202529 days
    Aug 202550 days
    Sep 2025too few sales to report
    Oct 2025104 days
    Nov 2025too few sales to report
    Dec 202560 days
    Jan 202616 days
    Feb 2026too few sales to report
    Mar 202649 days
    Apr 202664 days
    May 202621 days
    Jun 202685 days
    Jul 2026too few sales to report
    Aug 2026too few sales to report
    Sep 202633 days
    Oct 2026too few sales to report

    6 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.

    Share of sales closing above asking by month
    MonthShare of sales closing above asking
    Jul 20250.0%
    Aug 202510.0%
    Sep 2025too few sales to report
    Oct 20257.1%
    Nov 2025too few sales to report
    Dec 20250.0%
    Jan 20267.7%
    Feb 2026too few sales to report
    Mar 202618.2%
    Apr 20268.3%
    May 202613.3%
    Jun 20268.3%
    Jul 2026too few sales to report
    Aug 2026too few sales to report
    Sep 20260.0%
    Oct 2026too few sales to report

    6 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.

    Share of sellers who cut their price by month
    MonthShare of sellers who cut their price
    Jul 202530.0%
    Aug 202530.0%
    Sep 2025too few sales to report
    Oct 202557.1%
    Nov 2025too few sales to report
    Dec 202530.0%
    Jan 202623.1%
    Feb 2026too few sales to report
    Mar 202636.4%
    Apr 202641.7%
    May 202633.3%
    Jun 202683.3%
    Jul 2026too few sales to report
    Aug 2026too few sales to report
    Sep 202626.7%
    Oct 2026too few sales to report

    6 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 1 in Oct 2026, down 90% over 16 months.

    Homes sold by month
    MonthHomes sold
    Jul 202510
    Aug 202510
    Sep 20258
    Oct 202514
    Nov 20256
    Dec 202510
    Jan 202613
    Feb 20268
    Mar 202611
    Apr 202612
    May 202615
    Jun 202612
    Jul 20266
    Aug 20267
    Sep 202615
    Oct 20261

    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.

    Browse Homes for SaleTalk to a Buyer's Agent

    Nearby Markets

    Compare South 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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