In August 2026, the median home sale price in Miami, FL was $595,000, with homes selling in an average of 88 days — slower than the 78-day average last year, suggesting buyers have more negotiating room. A total of 15719 homes sold in this period, up from 14983 last year — a sign of an active market.
The median list price of Miami, FL, was $640,000 in August 2026, compared to $600,000 in August 2025.
Miami, FL Market Trend for Houses
Median List Price
The median list price of houses in Miami, FL, was $799,994 in August 2026, compared to $720,000 in August 2025.
Miami, FL Market Trend for Condos / Townhouses / Penthouses
Median List Price
The median list price of condos/co-ops in Miami, FL, was $499,999 in August 2026, compared to $465,000 in August 2025.
Miami, FL Market Trend for Lots/Land
Median List Price
The median list price of lots/land in Miami, FL, was $700,000 in August 2026, compared to $749,000 in August 2025.
Miami, FL Market Trend for Commercial
Median List Price
The median list price of commercial in Miami, FL, was $1,200,000 in August 2026, compared to $1,300,000 in August 2025.
Miami, FL Housing Market Analysis
There are currently 12354 homes listed for sale in Miami, FL, an increase of 98.84% compared to 2025. With inventory tight relative to sales volume, sellers are in a strong position. The median asking price is $1,498,916 (up 12.58% year-over-year), and the average price per square foot is $511 compared to $449 in 2025. Properties spend an average of 154 days on the market before going under contract.
