Housing in Miami, FL

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$610,000

Median List Price

$739,000

Price Per Sq Ft

$528

Days on Market

115

Active Inventory

3,885

Months of Supply

12.5

Buyer's market

Zillow Home Value

$569,760

ZHVI — January 2026

Zillow Rent Index

$2,949

ZORI — January 2026

Price Trends

Source: Redfin
Sale Price ↓ 5.4%List Price ↑ 10.3%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

4.2%

Off Market in 2 Weeks

13.1%

Sale-to-List Ratio

93.4%

Buyer's market

Sold Above Asking
4.2%
Under Contract in 2 Wks
13.1%
Listings with Price Drops
17.3%

Market Activity

Source: Redfin

Homes Sold

310

New Listings

804

Pending Sales

389

Homes Sold ↓ 30.2%New Listings ↑ 3.2%Pending ↓ 25.0%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$528

Median List $/SF

$617

Sale $/SF ↓ 4.5%List $/SF ↑ 6.2%Mar 24 → Jan 26

Miami vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with 250,000 - 500,000 residents. Miami is highlighted.

Median Home Value

Median Rent

Median Price Per Sq Ft

Rent Burden

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$475,200

Median Rent

$1,657

Total Housing Units

219,809

Vacancy Rate

13.4%

Owner Occupied

30.7%

Renter Occupied

69.3%

Median Property Tax

$4,203

per year

Monthly Cost (w/ Mortgage)

$1,811

Housing Types

Single Family
31.8%
Multi-Family
67.5%
Mobile Home
0.7%

The current median sale price in Miami, FL is $610,000 according to Redfin data. Homes spend a median of 115 days on the market. 4.2% of homes sold above asking price. The market has 12.5 months of supply. The median price per square foot is $528. Zillow's observed rent index is $2,949/month. About 30.7% of housing units are owner-occupied. The median year homes were built is 1978. There are 219,809 total housing units.