Live MLS data · 200 active listings · $640K median · Updated May 2026
The Miami housing market has 200 active listings with a median asking price of $640K as of May 2026. Average price per square foot is $800, with homes spending an average of 90 days on market — a balanced market.
200
Active Listings
$640K
Median Price
$800
Avg $/sqft
90
Avg Days on Market
0%
Price Reduced
| Bedrooms | Active Listings | Median Price |
|---|---|---|
| Studio/1 BR | 66 | $540K |
| 2 BR | 58 | $610K |
| 3 BR | 41 | $685K |
| 4 BR | 21 | $1.4M |
| 5+ BR | 14 | $2.5M |
The Miami real estate market currently has 200 active listings as of May 2026, with a median asking price of $640K and an average of $800/sqft. Homes are spending an average of 90 days on market — conditions are relatively balanced between buyers and sellers.
Townhouses represent the best value in Miami right now, with an average price per square foot of $428 and a median asking price of $553K. There are currently 11 active townhouses listings available.
With 0% of listings having reduced their price and an average DOM of 90 days, Miami offers opportunities for both buyers and sellers. ELLA's IQ score analyzes each listing individually to identify the best-value opportunities.
As of May 2026, the median asking price in Miami is $640K, with an average of $1.6M. Prices range from $89K to $50M. The average price per square foot is $800.
Miami is currently a balanced market. Homes average 90 days on market with 0% showing price reductions. Well-priced properties still move at a fair pace, and both sides can negotiate effectively.
As of May 2026, homes in Miami spend an average of 90 days on market before going under contract. This varies by price range and property type — condos and lower-priced homes typically move faster. ELLA's IQ score flags listings that have been sitting longer than expected, often indicating negotiation opportunity.
Townhouses are currently the most affordable by price per square foot in Miami, averaging $428/sqft with a median price of $553K. There are 11 active townhouses listings available.
Based on the median home price of $640K in Miami, Casa Simple buyers typically receive a rebate of $4K–$9K at closing. This is cash back from the buyer's agent commission — you pay nothing extra. The exact rebate depends on purchase price and plan.
HOA fees are not aggregated at the city level in our market report. Fees vary widely by building, community, and property type — condos typically have higher fees than single-family homes. Each listing on Casa Simple shows the HOA fee when available. For condo buildings, visit the building's dedicated page to see estimated average HOA fees.
ELLA analyzes every listing in Miami with an AI-powered IQ score. Get up to $9K back at closing.