MEDIAN SALE PRICE
$931K
▲ 2.5% YoY
MEDIAN $/SF
$639
▼ 7.5% YTD
ACTIVE INVENTORY
65
for sale
DAYS ON MARKET
82
▼ 8 days YoY
MONTHS OF SUPPLY
6.4
active ÷ 12mo sales pace
MARKET PULSE
0.32
Buyer's market
Price cuts (trailing 30d): 7 · 10.8% of active · maturing to a full 30-day share
MEDIAN SALE PRICE OVER TIME
MARKET PULSE
south-miami
BUYER'S ADVANTAGE
Today 0.32 · Miami-Dade County 0.16
MARKET SUMMARY · 12 MONTHS
| Median sale price | $931K | |
| Median $/SF | $639 | |
| Median days on market | 82 | |
| Total sales (12mo) | 7 | |
| New listings (12mo) | 21 | |
| Sold ÷ list price | 99.7% | |
| Sold below list | 57% | |
| Sale-to-just-value | — | 1.28× |
| Owner-occupied | — | 67.2% |
TIER HEALTH · NEW VS. ABSORBED
| TIER | MEDIAN | NEW | ABS. | BALANCE |
| $2–5M | $3.6M | 3 | 2 | BALANCED |
| $1–2M | $1.32M | 3 | 2 | BALANCED |
| Under $1M | $394K | 4 | 7 | SUPPLY-STARVED |
Fixed tiers per §2.2b · new = listed 30d · absorbed = closed 30d.
WHAT LISTING SITES CAN'T SEE PUBLIC RECORDS · RECORDED DEEDS
67.2%
Owner-occupied (homestead)
1.28×
Sale-to-just-value ratio
33.9%
Homes sold, 10-yr
-7.5%
Appreciation YTD · $/SF CLOSED SALES
Appreciation YTD compares the median price per square foot of closed sales so far this year against the same period last year. Price per square foot rather than median price, because a median price moves with which homes sold — over this span South Beach ran +1.9% on median price but −4.3% per square foot. Effective tax rate: modeling in progress — the county roll carries no millage field, so we show “—” rather than an estimate.
TOP NBHDS · MEDIAN PRICE
| No sub-markets with data yet |
FASTEST SELLING · DOM
| No sub-markets with days-on-market yet |
NBHDS PERFORMANCE · $/SF
| No sub-markets with $/SF yet |
RENTAL MARKET for-lease · separate from the for-sale figures above
$2,736/mo
Median asking rent
68
Active rentals
19
New listings (30d)
79
Median days on market
CONDO BUILDINGS IN SOUTH MIAMI
Most active buildings by for-sale inventory · full building directory →
MARKET NARRATIVE
The for-sale market in South Miami, Miami-Dade County, is carrying 65 active listings this week at a median list price of $1,099,000. Fresh supply arrived over the past month — 11 new listings — against 21 pending sales, putting the market pulse at 0.32, a buyer's market. Homes are taking a median of 121 days on market. For context, Miami-Dade County runs at a 0.16 pulse. If inventory keeps outpacing contracts, buyers gain room to negotiate.
Generated from this week's snapshot · every figure cited appears on this page
FREQUENTLY ASKED · SOUTH MIAMI
How much do homes cost in South Miami?
The median sale price in South Miami is $931K over the trailing 90 days, and the median list price is $1,099,000.
Is South Miami a buyer's or seller's market?
South Miami is currently a buyer's market. Its market pulse — pending sales divided by active listings — is 0.32; readings at or above 0.60 favor sellers and below 0.40 favor buyers.
How many homes are for sale in South Miami?
There are 65 active for-sale listings in South Miami as of snapshot 2026-W39, updated weekly.
How long do homes take to sell in South Miami?
Homes in South Miami spend a median of 82 days on market.
What is the price per square foot in South Miami?
The median list price per square foot in South Miami is $639.
What share of South Miami homes are owner-occupied?
About 67.2% of homes in South Miami are owner-occupied (homestead), per public property records.
How often do homes sell in South Miami?
About 33.9% of homes in South Miami have changed hands over the past decade — roughly 3.4% per year — based on qualified arm's-length sales in public deed records.
How long do homeowners typically own in South Miami?
Homeownership in South Miami skews long-term: only about 34% of homes had a qualified sale in the past decade, so roughly 66% of owners have held 10+ years, per public deed records.
Are home prices in South Miami rising or falling?
The median sale price in South Miami is $931K, up 2.5% year over year and the median price per square foot is down 0.9%. Figures compare the trailing 90 days to the same period a year earlier.
How much housing inventory does South Miami have?
South Miami has about 6.4 months of supply — active for-sale listings divided by the average monthly pace of closed sales over the trailing 12 months. Below roughly six months typically favors sellers; above it favors buyers.
Every figure above appears elsewhere on this page · snapshot 2026-W39.