Buyer's MarketMay 2026

Miami Beach Housing Market Report

Live MLS data · 200 active listings · $750K median · Updated May 2026

TL;DR

The Miami Beach housing market has 200 active listings with a median asking price of $750K as of May 2026. Average price per square foot is $1364, with homes spending an average of 147 days on market — a buyer's market.

200

Active Listings

$750K

Median Price

$1364

Avg $/sqft

147

Avg Days on Market

0%

Price Reduced

Price Distribution

Under $300K
25 (13%)
$300K–$500K
49 (25%)
$500K–$750K
26 (13%)
$750K–$1M
22 (11%)
$1M–$2M
32 (16%)
$2M+
46 (23%)

By Property Type

Condos
$660K
Single-Family
$6M
Stock cooperative
$263K
Townhouses
$1.5M

Median Price by Bedrooms — Miami Beach

BedroomsActive ListingsMedian Price
Studio/1 BR104$429K
2 BR62$1.1M
3 BR14$4.9M
4 BR13$6M
5+ BR7$21.5M

ELLA AI Market Analysis — Miami Beach

The Miami Beach real estate market currently has 200 active listings as of May 2026, with a median asking price of $750K and an average of $1364/sqft. Homes are spending an average of 147 days on market — conditions are leaning in favor of buyers, with longer listing times and more seller flexibility.

Stock cooperative represent the best value in Miami Beach right now, with an average price per square foot of $481 and a median asking price of $263K. There are currently 7 active stock cooperative listings available.

With 0% of listings having seen a price reduction, there is meaningful negotiating room in Miami Beach. Buyers who are patient and well-prepared can expect sellers to be more flexible on price and terms.

Frequently Asked Questions — Miami Beach Real Estate Market

What is the average home price in Miami Beach right now?

As of May 2026, the median asking price in Miami Beach is $750K, with an average of $2.6M. Prices range from $145K to $60M. The average price per square foot is $1364.

Is Miami Beach a buyer's or seller's market?

Miami Beach is currently a buyer's market. Homes average 147 days on market and 0% of listings have had price reductions — indicating seller flexibility. Buyers have real room to negotiate.

How long do homes stay on the market in Miami Beach?

As of May 2026, homes in Miami Beach spend an average of 147 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.

What is the most affordable property type in Miami Beach?

Stock cooperative are currently the most affordable by price per square foot in Miami Beach, averaging $481/sqft with a median price of $263K. There are 7 active stock cooperative listings available.

How much can I save buying in Miami Beach with Casa Simple?

Based on the median home price of $750K in Miami Beach, Casa Simple buyers typically receive a rebate of $5K–$10K 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.

What is the average HOA fee in Miami Beach?

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.

Ready to buy in Miami Beach?

ELLA analyzes every listing in Miami Beach with an AI-powered IQ score. Get up to $10K back at closing.