Are home prices going up or down in Miami, FL?
In Miami, FL, the typical home sold for $570,000 during May 2026 — about the same as a year ago. Prices are flat, not rising or falling.
Over the last 36 months the typical sale price in Miami, FL went from $515,000 to $570,000 — up 11%.
The high point was $585,000, reached in April 2025. Today's typical sale is 3% below that.
Measured by size, homes in Miami, FL are selling for about $391 per square foot. Price per square foot is the fairer comparison when the mix of what sells shifts from month to month — a run of big houses can push the typical price up without anything actually getting more expensive.
Source: Redfin's published market data for the Miami, FL area, through May 2026.
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More about the Miami, FL market
- When is the best month to sell a house in Miami, FL?
- How long does it take to sell a house in Miami, FL?
- Do homes sell above asking price in Miami, FL?
- Is Miami, FL a buyer's market or a seller's market?
- How many homes are for sale in Miami, FL?
- All Miami, FL housing numbers
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Figures come from Redfin's published market data for the Miami, FL area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.