| Metric | Latest | Detail |
|---|---|---|
| Median listing price | $490,000 | -2.0% YoY |
| Median price per sq ft | $355 | 1,301 sq ft median |
| Median days on market | 85 | -4% YoY |
| Active listings | 41,277 | -12% YoY |
| New listings this month | 10,234 | September 2026 |
| Listings with a price cut | 15% | Share of active |
| Median sale price (closed) | $550,000 | 0.0% YoY · closed sales, July 2026 |
| Sale-to-list ratio | 95.4% | Closed sales, July 2026, seasonally adjusted |
| Pending-to-active ratio | 22.7% | 9,388 pending |
| Inventory vs 2019 | 92% | Active listings vs same month in 2019 |
| Gross rental yield | 5.8% | 2BR fair market rent |
Global gateway market · Florida · September 2026 data
What is the Miami, FL real estate market doing?
As of September 2026, the median home listed in Miami, FL asks $490,000, down 2.0% year over year. Homes spend a median of 85 days on market, with 41,277 active listings and 15% carrying a price cut; pending contracts equal 23% of active listings, and inventory sits at 92% of the same month in 2019 — a buyer's market. Estimated gross rental yield on the median listing is 5.8%. Figures come from public records and industry data, updated monthly.
Median listing price
$490,000
▼ 2.0% YoY
Median $ / sq ft
$355
1,301 sq ft median
Median days on market
85
September 2026
Active listings
41,277
For sale now
New listings
10,234
September 2026
Listings with price cuts
15%
Share of active
Inventory vs 2019
92%
Same month, 2019 = 100
Pending / active
23%
Contract activity
Median sale price (closed)
$550,000
0.0% YoY · closed sales · July 2026
Sale-to-list ratio
95.4%
Closed sales · July 2026, seasonally adjusted
Homes sold / month
1,972
Closed sales · July 2026, seasonally adjusted
What is the Miami, FL housing market doing right now?
The Miami, FL housing market lists at a $490,000 median as of September 2026, down 2.0% year over year, with an 85-day median market time and 41,277 homes for sale (15% with a price cut). Active inventory is 92% of the 2019 level, reading as a buyer's market under WealthyBud's published buyer/seller rule. Gross rental yield is about 5.8%.
Miami housing market statistics
The table summarizes Miami's key housing figures for September 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data. Closed-sale figures are Redfin's July 2026 data, the latest settled month Redfin reports for Miami.
How have home prices changed in Miami?
Miami home prices are down 2.0% year over year and 0.0% month over month as of September 2026, at a $490,000 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.
Median listing price, Miami FL · trailing 8 quarters · source: public records and industry data.
The 10-year view
10-year median listing price, Miami FL · June of each year, 2017–2026 · source: public records and industry data.
How much inventory is on the market in Miami?
Miami has 41,277 active listings, 10,234 new this month, 9,388 pending as of September 2026. About 15% of active listings have cut their price, and inventory sits at 92% of its 2019 level — a buyer's market by pace.
Is Miami a good real estate investment?
Miami scores 51/100 on WealthyBud's composite Investor Score, ranking #436 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.
Investor Score
51/100
#436 of 933 covered metros
Miami scores 51/100 on our composite Investor Score (#436 of 933 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; at the published FY2026 fair market rent of $2,359/mo for a two-bedroom, the gross rental yield on the median listing is about 5.8%; active inventory sits at 92% of its June 2019 level, so supply is still below pre-pandemic norms; listing prices are down 2.0% year over year; all against a national 30-year fixed mortgage rate of 7.28% (national weekly average, 2026-10-01).
Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Miami ranks on the trending markets index.
How much is a monthly mortgage payment in Miami?
A home at Miami's $490,000 median listing runs about $2,682 a month in principal and interest — 20% down on a 30-year fixed loan at the current 7.28% national average rate. Taxes, insurance and HOA are extra.
If rates fall 1% · 6.28%
$2,421/mo
−$261/mo vs today
At today's rate · 7.28%
$2,682/mo
National weekly average
If rates rise 1% · 8.28%
$2,953/mo
+$271/mo vs today
Principal & interest on the $490,000 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 7.28% (national weekly average, 2026-10-01). Model a full deal in the deal analyzer.
How much income do you need to buy a home in Miami?
To buy Miami’s $490,000 median listing with 20% down, a household needs about $130,000 a year in gross income, keeping principal, interest and property tax ($3,041/mo) at 28% of income. That is 1.8× the area’s $73,481 median household income, so a typical Miami household cannot afford the median listing on these terms.
| Item | Amount | Basis |
|---|---|---|
| Median listing price | $490,000 | September 2026 |
| Down payment (20%) | $98,000 | Assumption |
| Principal & interest (7.28%, 30-yr fixed) | $2,682/mo | Rate as of 2026-10-01 |
| Property tax (0.88% effective rate) | $359/mo | Census ACS |
| Income needed (28% rule) | $130,000 | Gross household income / yr |
| Median household income | $73,481 | Census ACS 2023 ACS 5-year |
Excludes homeowners insurance, HOA dues and mortgage insurance, so the true income needed is higher. Compare every market in the income-needed ranking and the price-to-income ranking.
What is driving the Miami housing market?
Longer-run demand in Miami shows up in 21,381 homes permitted in 2025; net migration of -54,761 residents. Natural-hazard risk rates Relatively High. These federal supply-pipeline, migration and jobs signals shape where prices head next.
Building permits (2025)
21,381
▲ 32.5% vs 2024
3.5 per 1,000 residents
Net migration (2022–2023)
-54,761
▼ people, via tax-return records
net income flow +$3833.0M/yr
Natural-hazard risk
Relatively High
National hazard index · top hazard: Hurricane
Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.
What is the latest Miami real estate news?
Miami sellers pull back as homes sit longer, prices slipIslanderNews.com · 2026-07-03→Florida’s housing market is finding its balance | OpinionSun Sentinel · 2026-06-14→Seeing more price cuts in South Florida on Zillow? Here's whyNBC 6 South Florida · 2026-06-07→Are property values up or down? Take a detailed look at 34 markets in the Miami areaMiami Herald · 2026-06-02→
Recent headlines suggest Miami's housing market is cooling, with homes sitting longer, prices slipping, and more price cuts. — AI-generated summary of the headlines above; read the linked coverage before relying on it.
Headlines collected 2026-07-05; each links to the original publisher.
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Miami by ZIP code
Median price, pace and inventory for 66 Miami ZIPs — the spread behind the metro number.
Explore DirectoryTop agents in Miami
The highest-producing real estate agents in Miami, ranked by recent sales.
View DirectoryTop teams
The groups setting production records nationwide.
View LicensingGet licensed in Florida
Hours, exam and the commission that regulates Florida agents.
Read IncomeAgent salary in Florida
What real estate agents actually earn across Florida.
ReadMiami housing market FAQ
What is the median home price in Miami?
As of September 2026, the median listing price in Miami, FL is $490,000, down 2.0% year over year (source: public records and industry data).
How much does it cost to buy a home in Miami?
The median home listed in Miami asks $490,000 as of September 2026. With 20% down on a 30-year fixed loan at the current 7.28% national average rate, that runs about $2,682 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in Miami?
The median property in Miami spends 85 days on the market, with 41,277 homes actively listed and 15% of them carrying a price cut — a buyer's market as of September 2026.
Is it a buyer's or seller's market in Miami?
With a median 85 days on market and 15% of active listings carrying a price cut, pending contracts at 23% of active listings, Miami reads as a buyer's market as of September 2026. Labels use WealthyBud's published DOM / sale-to-list / price-cut / pending rule. Conditions shift monthly.
Is Miami a good place to invest in real estate?
Miami scores 51/100 on WealthyBud's Investor Score, ranking #436 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
Who are the top real estate agents in Miami?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Miami and the wider Florida market, ranked by recent sales from public profile data.
Based on public records and industry data, September 2026 — see our methodology for how every figure is computed. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.
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