BreakThru Realty

Miami Home Values: What Is My Home Worth?

What Miami homes are selling for right now, what moves one home's value above another's, and a free written valuation of your address.

Reviewed by Tyson E. Sam, Founder and Broker of Record, BreakThru Realty, Florida License 3565210

What a home in Miami is worth today comes from what buyers have just paid for homes like it, not from a list price or an automated guess. This page shows the live sold prices and price per square foot from BeachesMLS, what pushes a Miami home above or below them, and how to get a written value for your own address.

Miami Market at a Glance

Updated September 23, 2026 from BeachesMLS.

  • 7,190homes & condos for sale
  • 353new listings this week
  • 1,428under contract
  • 1,837waterfront listings
  • 764luxury listings ($2,000,000+)
  • 685sold in the last 30 days
Single-family homesCondos & townhomes
Active listings2,0864,991
Median list price$825,000$545,000
Median list price per sq ft$469/sq ft$587/sq ft
Average days on market112 days302 days
Sold in the last 90 days1,2071,157
Median sold price (90 days)$699,000$417,000
Sale price as % of list price97.4%96.2%
Months of inventory5.2 months12.9 months
Median sold price vs. a year ago+3.6%-0.7%

Source: BeachesMLS via the Spark API. Active listings as of September 23, 2026; sold figures cover closings in the last 90 days, compared with the same 90 days one year earlier. Not an appraisal. How these figures are calculated.

What Miami Homes Are Worth Right Now

The median single-family home in Miami closed at $699,000 in the last 90 days, or $414 per square foot. The median condo or townhome closed at $417,000 ($360 per square foot). Single-family sellers achieved 97.4% of their asking price. Those are medians of everything that sold. They tell you where the market is, not what your home is worth: half of all sales closed above them and half below, for reasons a valuation has to account for one by one.

What Moves a Home's Value in Miami

In Miami the biggest differences come from the property's setting: on the water, the dock and lift, the depth at low tide, the width of the canal and whether a fixed bridge stands between the dock and the inlet, which can move two otherwise identical homes a long way apart; on a lake, the width of the view and the exposure of the lot; in a club community, whether membership is mandatory, what it costs to join and what the dues are; behind a gate, what the association fee covers and how well the association is funded; and on acreage, how much of the land is dry and usable, the zoning, and the well and septic. Everywhere in South Florida, a buyer's insurer prices the roof's age, the windows and doors (impact-rated or not) and the wind mitigation report, and a buyer's lender looks at the flood zone and the elevation certificate, so two homes of the same size can carry very different monthly costs and sell for different prices. Open or expired permits, unpermitted additions and the condition of the kitchen, the baths and the air conditioning do the rest.

An Online Estimate Versus a Broker's Valuation

An automated estimate reads public records and recent sales by distance and size. It cannot see a renovation, a view, a seawall, a roof replaced last year or a special assessment about to be levied, and in a city where neighboring streets sell for very different prices it is often wrong by more than the cost of a mistake in pricing. A broker's valuation starts from the closed sales that truly match your home, adjusts each one for what is different, and checks the result against the homes you would compete with today.

How to Get Your Miami Home Value

Enter your address on this page. A BreakThru Realty broker pulls the matching Miami closings from BeachesMLS, adjusts them for your home, and calls you within one business day with a written value range and the sales behind it. It is free and carries no obligation. If you are thinking of listing, we extend it into a full comparative market analysis and an estimate of your net proceeds; if you need speed instead, we can put a guaranteed cash offer beside it so you can compare the two numbers.

What Miami Buyers Pay Extra For

The first thing that moves a Miami valuation is jurisdiction. A home inside the city is governed by the Miami 21 code and city permits; an identical house in Westchester, Kendall or Fontainebleau follows the county, with a different tax rate, and buyers notice. After that it is the water and the paperwork. On the bay in Morningside, Belle Meade and Shorecrest, dock permits, seawall condition, the bridges between the lot and Government Cut, and the elevation certificate carry the number. In a tower, the floor, the line, the reserve funding and the milestone inspection status do. Everywhere, roof age and impact glass decide the insurance quote, and in the historic districts what the city has approved for exterior work bounds the renovation a buyer can plan.

Which Parts of Miami Are Moving

Two parts of Miami are moving for opposite reasons. Downtown keeps absorbing towers around Miami Worldcenter and along Biscayne Boulevard, which raises the ceiling for new units while leaving older bayfront buildings to compete on space and price. On the inner grid, land value is rising under old houses: a lot zoned for two units in Shenandoah, Silver Bluff, The Roads or Buena Vista is now worth what a builder will pay for townhomes, and Little River and Allapattah are seeing the same arithmetic with new duplexes and adaptive reuse along the railway. What is scarce is a bay lot with a permitted dock in the Upper East Side, and an unrenovated house on a large lot anywhere in Miami close to Brickell.

Before You Ask for a Miami Valuation

Before you ask what a Miami home is worth, collect what the buyer's insurer, lender and inspector will demand. Everyone needs the roof age, the wind mitigation and four-point reports, the survey, the flood zone and elevation certificate, and a list of permitted work, because open permits surface in the lien search and stall a closing. On the bay or a canal, add the dock and seawall permits and any recent inspection. In a historic district such as Morningside or Buena Vista East, bring the preservation approvals for anything altered outside. Condominium owners should pull the budget, the reserve study, the milestone report and the leasing rules. If the property is leased, or has units, bring the leases rather than a projection.

Recently Sold in Miami

The newest closings in Miami, with the sale price, closing date and days on market for each.

Recently sold homes in Miami

What Is Your Miami Home Worth?

Request a free valuation built on recent Miami sales, or a full comparative market analysis before you list. No fee, no obligation, and a licensed broker answers within one business day.

Home Values: Frequently Asked Questions

How much is my house worth in Miami?
The median Miami single-family home closed at $699,000 in the last 90 days and the median condo or townhome at $417,000, but your home is not the median. Its value comes from the closed sales that match its street, size, condition and features. Enter your address on this page and a broker sends you a written range with the sales behind it, free.
What is the average price per square foot in Miami?
The median sold price per square foot in Miami over the last 90 days is $414 for single-family homes and $360 for condos and townhomes. It falls as homes get larger and rises with water, view and renovation, so it is a way to compare similar homes rather than a way to price one.
How accurate are online home value estimates?
They are a starting point. An automated estimate cannot see a renovation, a view, a seawall, a new roof or a pending assessment, and in Miami those are most of the difference between two homes of the same size. A broker's valuation uses the same closed sales a buyer's appraiser will use and adjusts each for what is different.
Are Miami home values going up or down?
The median single-family sold price in Miami is up 3.6% on the same 90 days a year ago, and condos and townhomes are down 0.7%. The Miami housing market report linked on this page shows twelve months of closings month by month.
Does a home valuation cost anything?
No. The valuation is free and carries no obligation to list. It is a broker's opinion of value built from recent closed sales, not an appraisal; a lender will order its own appraisal when a buyer finances the purchase.

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