Buyer's MarketMay 2026

North Miami Housing Market Report

Live MLS data · 200 active listings · $259K median · Updated May 2026

TL;DR

The North Miami housing market has 200 active listings with a median asking price of $259K as of May 2026. 57% of listings have had a price reduction. Average price per square foot is $417, with homes spending an average of 118 days on market — a buyer's market.

200

Active Listings

$259K

Median Price

$417

Avg $/sqft

118

Avg Days on Market

57%

Price Reduced

Price Distribution

Under $300K
114 (57%)
$300K–$500K
19 (10%)
$500K–$750K
30 (15%)
$750K–$1M
11 (6%)
$1M–$2M
9 (5%)
$2M+
17 (9%)

By Property Type

Condos
$199K
Single-Family
$797K
Townhouses
$495K
Stock cooperative
$170K

Median Price by Bedrooms — North Miami

BedroomsActive ListingsMedian Price
Studio/1 BR66$169K
2 BR74$255K
3 BR30$599K
4 BR15$849K
5+ BR15$6M

ELLA AI Market Analysis — North Miami

The North Miami real estate market currently has 200 active listings as of May 2026, with a median asking price of $259K and an average of $417/sqft. Homes are spending an average of 118 days on market — conditions are leaning in favor of buyers, with longer listing times and more seller flexibility.

Condos represent the best value in North Miami right now, with an average price per square foot of $269 and a median asking price of $199K. There are currently 136 active condos listings available.

With 57% of listings having seen a price reduction, there is meaningful negotiating room in North Miami. Buyers who are patient and well-prepared can expect sellers to be more flexible on price and terms.

Frequently Asked Questions — North Miami Real Estate Market

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

As of May 2026, the median asking price in North Miami is $259K, with an average of $841K. Prices range from $99K to $12.8M. The average price per square foot is $417.

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

North Miami is currently a buyer's market. Homes average 118 days on market and 57% of listings have had price reductions — indicating seller flexibility. Buyers have real room to negotiate.

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

As of May 2026, homes in North Miami spend an average of 118 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 North Miami?

Condos are currently the most affordable by price per square foot in North Miami, averaging $269/sqft with a median price of $199K. There are 136 active condos listings available.

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

Based on the median home price of $259K in North Miami, Casa Simple buyers typically receive a rebate of $2K–$3K 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 North Miami?

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 North Miami?

ELLA analyzes every listing in North Miami with an AI-powered IQ score. Get up to $3K back at closing.