Live MLS data · 400 active listings · $645K median · Updated August 2026
The Miami housing market has 400 active listings with a median asking price of $645K as of August 2026. 28% of listings have had a price reduction. Average price per square foot is $574, with homes spending an average of 74 days on market — a balanced market.
400
Active Listings
$645K
Median Price
$574
Avg $/sqft
74
Avg Days on Market
28%
Price Reduced
| Bedrooms | Active Listings | Median Price |
|---|---|---|
| Studio/1 BR | 115 | $559K |
| 2 BR | 109 | $470K |
| 3 BR | 72 | $620K |
| 4 BR | 69 | $740K |
| 5+ BR | 35 | $1.9M |
The Miami real estate market currently has 400 active listings as of August 2026, with a median asking price of $645K and an average of $574/sqft. Homes are spending an average of 74 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 $365 and a median asking price of $530K. There are currently 23 active townhouses listings available.
With 28% of listings having reduced their price and an average DOM of 74 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 August 2026, the median asking price in Miami is $645K, with an average of $1.1M. Prices range from $95K to $47.5M. The average price per square foot is $574.
Miami is currently a balanced market. Homes average 74 days on market with 28% showing price reductions. Well-priced properties still move at a fair pace, and both sides can negotiate effectively.
As of August 2026, homes in Miami spend an average of 74 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 $365/sqft with a median price of $530K. There are 23 active townhouses listings available.
Based on the median home price of $645K in Miami, Casa Simple buyers typically receive savings of $4K–$9K at closing. This is a closing cost credit — you pay nothing extra. The exact amount 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.