Photo: Ivan Curra · CC BY-SA 3.0134 homes sold in South Miami in the last year, at a typical $938K
About one sale in 3 is a condo. 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 South Miami homes are listed.
Every place South 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 South 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.
A quarter of South Miami’s sales are condos, at $928K less than a house
92 houses and 31 condos sold in the year to May 2026. Houses sell faster.
typical sale · 92 sold in the year to May 2026
- Per square foot
- $683FL $245
- Days to sell
- 87
- Sold over asking
- 8%
- Listings with a price cut
- 22%
typical sale · 31 sold in the year to May 2026
- Per square foot
- $370FL $262
- Days to sell
- 125
- Sold over asking
- 3%
- Listings with a price cut
- 17%
Multi-family (2–4 units): 1 sold, typical $1M
Townhouses: 7 sold, typical $582K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at twice the 2016 price
134 sales in the last year, against 189 in 2021 and a low of 106 in 2023. The typical sale went from $445K in 2016 to $938K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $950K buys in South Miami
Check a listing against what South 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 South Miami are back to pre-pandemic levels, but a quarter fewer homes come up for sale
We read every month of South 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 September 2026, 134 sales.
If you’re buying in South Miami
- Shop in March. It brings about 21 new listings a month, close to the busiest month, with fewer bidding wars (8% over asking).
- Offer under asking. Buyers paid 95% of the list price on average; 8% paid over.
- You’ll usually have time. Only 22% of homes go under contract within two weeks; the typical one takes 93 days.
Spring brings the homes; summer brings the bidding wars
March has the most new listings (about 21 a month), but June is the most competitive: 18% of June sales close over asking. November has the least competition (7%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Florida as a whole
| South Miami now | 2017–19 | 2021 peak | FL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 8% | 4% | 20% | 9% |
| Gone within two weeksShare of homes under contract within 14 days | 22% | 14% | 30% | 21% |
| Price paid vs. askingAverage sale price ÷ list price | 95% | 94.6% | 97% | 96.4% |
| Days to sellMedian days from listing to contract | 93 | 77 | 65 | 75 |
57 homes for sale on a typical day
That’s twice the 2023 low (29), 21% fewer than in 2017–19 and well under 2017’s 80.
Since 2019, houses are up 95%, condos 61%
A house typically sold for $1.3M in the year to May 2026 (92 sales), a condo for $346K (31).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
South Miami ranks 321st of 542 busy Florida markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. South Miami is in the middle of the pack.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical South Miami home costs about $5,388 a month
Price: South Miami’s typical sale, last 12 months. Property tax at South Miami’s 0.6% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether South Miami is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in March
The month with the most choice. December has the fewest, about 11.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $938K home, about $5,930 a year.
Taxes vs. neighborsSchools
The schools grade for South Miami, from test results, graduation and how much students grow.
Schools in South MiamiTypical commute
The average one-way trip to work for people who live in South Miami.
Work & commuteCheck 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.
Glenvar Heights, Coral Terrace, Olympia Heights and West Miami sell for less a square foot; Pinecrest and Coral Gables for far more
The busier markets within 25 miles of South 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 | |
|---|---|---|---|---|---|
| Coral Gables | 665 | $1.5M | $795 | 5% | 98 |
| Pinecrest | 244 | $2.4M | $728 | 4% | 93 |
| Glenvar Heights | 187 | $555K | $430 | 5% | 90 |
| Coral Terrace | 158 | $749K | $482 | 8% | 84 |
| South Miami | 134 | $938K | $578 | 8% | 93 |
| Olympia Heights | 85 | $768K | $456 | 8% | 78 |
| West Miami | 24 | $724K | $509 | 11% | 120 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to South Miami, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to South Miami. People who follow the town see it, and so do people comparing South Miami with their own town. No commission, no listing fee.
Questions about buying a home in South Miami
What do homes sell for in South Miami, FL?
134 homes sold in the year to September 2026 at a typical $938K, $578 a square foot. Houses sold for about $1.3M, condos for about $346K in the year to May 2026.
Is South Miami a buyer’s or seller’s market?
A balanced market: 57 homes were for sale in September 2026 and 9 sold, about 5.9 months of supply. Buyers paid 95% of asking on average.
When is the best time to buy in South Miami?
March brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in South Miami?
About 0.6% of a home’s value a year. On a $938K home that’s near $5,930.
Where can I see homes for sale in South Miami?
Zillow, Redfin, Realtor.com and Homes.com all carry South Miami’s MLS listings; the search links above open each one filtered to South Miami.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). 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).