ANDRES JARA · REAL ESTATE

Downtown Miami Condo Market Report — October 2026

Monthly Market Report · October 1, 2026

Market Summary

As of October 1, 2026, Downtown Miami has 874 active listings at a median list price of $611K ($817 per sqft). 399 homes closed in the past 12 months at a median sold price of $490K, implying 26.3 months of supply. Homes here sell for about 95.1% of list price.

Based on MLS closed sales. Data current as of October 1, 2026.

For Sale in Downtown Miami

874 condos currently for sale · $199,000 – $50,000,000.

Downtown MiamiFor Sale874 for sale · $199,000 – $50,000,000
874
Homes for Sale
$199K
From
$50M
Up to
874
Active Listings
$611K
Median List Price
$817
Median $/SqFt
26.3
Months of Supply
$490K ▼ 10.9%
Median Sold (12mo)
399
Closed Sales
last 12 months

Downtown Miami closed sales, monthly

We track every closed sale in Downtown Miami — 399 in the last twelve months. Get the new ones, with prices and price per square foot, on the first of each month.

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Buyer’s Market26.3 months of supply

Supply exceeds the current pace of sales — buyers have more leverage.

Trades at a 71% premium to the Miami average ($817 vs $479 per sqft, above market).

Median $/SqFt

ZIP 33132 · 3,371 closed sales
Median price per square foot over time$649$477$3052020-102021-102022-102023-102024-102025-10

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