Photo: Averette · CC BY 3.04,200 homes sold in Miami in the last year, at a typical $638K
Most homes sold are condos. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Miami homes are listed.
Every place Miami homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Miami.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
60% of Miami’s sales are condos, at $260K less than a house
1165 houses and 2540 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 1165 sold in 12 months
- Per square foot
- $536FL $245
- Days to sell
- 87
- Sold over asking
- 9%
- Listings with a price cut
- 19%
typical sale · 2540 sold in 12 months
- Per square foot
- $559FL $262
- Days to sell
- 133
- Sold over asking
- 2%
- Listings with a price cut
- 15%
Multi-family (2–4 units): 300 sold, typical $752K
Townhouses: 195 sold, typical $1.1M
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 2.2 times the 2016 price
4,200 sales in the last year, against 9,582 in 2021 and a low of 4,069 in 2025. The typical sale went from $295K in 2016 to $638K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $650K buys in Miami
Check a listing against what Miami homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Miami are back to pre-pandemic levels, with about as many homes for sale
We read every month of Miami’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 4,200 sales.
If you’re buying in Miami
- Shop in January. It brings about 876 new listings a month, close to the busiest month, with fewer bidding wars (8% over asking).
- Some room to negotiate. 16% of listings cut their price, about as many as before the pandemic.
- Offer under asking. Buyers paid 94.2% of the list price on average; 5% paid over.
- You’ll usually have time. Only 11% of homes go under contract within two weeks; the typical one takes 111 days.
Winter brings the homes; summer brings the bidding wars
January has the most new listings (about 876 a month), but June is the most competitive: 11% of June sales close over asking. January has the least competition (8%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and calmer than Florida
| Miami now | 2017–19 | 2021 peak | FL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 5% | 6% | 11% | 10% |
| Gone within two weeksShare of homes under contract within 14 days | 11% | 12% | 21% | 20% |
| Listings with a price cutShare of homes for sale that cut their price | 16% | 17% | 9% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 94.2% | 94.4% | 96.1% | 96.3% |
| Days to sellMedian days from listing to contract | 111 | 91 | 80 | 76 |
4004 homes for sale on a typical day
That’s 1.5 times the 2022 low (2663) and about the 2017–19 level.
1 in 6 listings has cut its price
16% in the last year, against 17% in 2017–19 and 28% across Florida.
Since 2019, houses are up 105%, condos 75%
A house typically sold for $799K in the last year (1165 sales), a condo for $539K (2540).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Miami ranks 422nd of 534 busy Florida markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Miami is one of the state’s calmer markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Miami home costs about $3,799 a month
Price: Miami’s typical sale, last 12 months. Property tax at Miami’s 0.9% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Miami is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in January
The month with the most choice. December has the fewest, about 598.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $638K home, about $5,650 a year.
Taxes vs. neighborsSchools
The schools grade for Miami, from test results, graduation and how much students grow.
Schools in MiamiCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Brownsville, Gladeview and West Miami sell for less a square foot; Fisher Island for far more
The busier markets within 25 miles of Miami, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Miami | 4,200 | $638K | $539 | 5% | 111 |
| Miami Beach | 1,913 | $612K | $611 | 3% | 137 |
| Brownsville | 110 | $468K | $350 | 12% | 77 |
| Gladeview | 97 | $446K | $367 | 14% | 87 |
| El Portal | 28 | $1M | $579 | 7% | 137 |
| West Miami | 26 | $716K | $473 | 8% | 101 |
| Fisher Island | 21 | $7.5M | $2,290 | 5% | 242 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Miami, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Miami. People who follow the town see it, and so do people comparing Miami with their own town. No commission, no listing fee.
Questions about buying a home in Miami
What do homes sell for in Miami, FL?
4,200 homes sold in the year to May 2026 at a typical $638K, $539 a square foot. Houses sold for about $799K, condos for about $539K.
Is Miami a buyer’s or seller’s market?
A buyer’s market: 3748 homes were for sale in May 2026 and 353 sold, about 10.6 months of supply. Buyers paid 94.2% of asking on average, and 16% of listings cut their price.
When is the best time to buy in Miami?
January brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Miami?
About 0.9% of a home’s value a year. On a $638K home that’s near $5,650.
Where can I see homes for sale in Miami?
Zillow, Redfin, Realtor.com and Homes.com all carry Miami’s MLS listings; the search links above open each one filtered to Miami.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).