BreakThru Realty South Florida Luxury Market Report
Each month BreakThru Realty Research publishes the South Florida Luxury Market Report: every home that closed at $3 million or more in Miami-Dade, Broward and Palm Beach counties, in three price tiers ($3 million to $4.99 million, $5 million to $9.99 million, and $10 million and up), with median prices, price per square foot, sale-to-list ratios and days on market, and every home for sale at those prices on the day of publication with its months of supply. Waterfront homes, condominiums and penthouses are counted on their own. Every figure is computed from BeachesMLS, and every edition stays online with the figures it was published with.
Latest Edition: September 2026
- 205 homes sold for $3 million or more in Miami-Dade, Broward and Palm Beach counties in September 2026, for a combined $1.52 billion, against 201 in August 2026 and 148 in September 2025.
- By price, 115 of those sales closed between $3 million and $4.99 million, 55 between $5 million and $9.99 million and 35 at $10 million or more; the highest price recorded in September 2026 was $83,200,000.
- The median South Florida luxury sale in September 2026 closed at $4,500,000, or $1,269 per square foot of living area.
- Luxury homes sold in September 2026 closed at a median 93.7% of their final asking price and 90.8% of their first asking price, after a median 80 days on market.
- Miami-Dade County recorded the most luxury sales in September 2026 with 92, followed by Palm Beach County with 82 and Broward County with 31.
- Single-family homes made up 145 of the 205 sales and condos, townhomes and villas 60, 5 of them penthouses; 114 of the homes sold were on the water.
- 21 of the 205 luxury sales in September 2026 were recorded with one day on market or none, which in practice means a buyer was found before the home was entered in the MLS.
- On October 13, 2026, 3,066 homes were for sale at $3 million or more across the three counties, at a median asking price of $5,480,000; 594 had been on the market for 30 days or less and 880 were priced below their first asking price.
- At the pace of the three months to September 2026 (670 sales), the homes for sale on October 13, 2026 were 13.7 months of supply: 11.8 months between $3 million and $4.99 million, 14.5 months between $5 million and $9.99 million and 19.0 months at $10 million or more.
Luxury Home Sales by Price Tier, September 2026
205 homes with a closing date in September 2026 sold for $3 million or more in the three counties, for a combined $1.52 billion. 35 of them closed at $10 million or more, which was $703.0 million of that total. A sale is placed in the tier of its closing price, not its asking price.
| Closing price | Sales | Dollar volume | Median sale price | Median sold $/sq ft | Sale-to-list | Median days on market |
|---|---|---|---|---|---|---|
| $3M to $4.99M | 115 | $432.8 million | $3,700,000 | $1,065 | 93.8% | 71 days |
| $5M to $9.99M | 55 | $380.4 million | $6,830,000 | $1,523 | 95.2% | 86 days |
| $10M and up | 35 | $703.0 million | $15,875,000 | $2,383 | 91.7% | 124 days |
| $3M and up | 205 | $1.52 billion | $4,500,000 | $1,269 | 93.7% | 80 days |
A dash means fewer than 5 sales qualified for that median. Sale-to-list is the closing price as a share of the final asking price.
Luxury Home Sales by County, September 2026
Miami-Dade County had the most sales at $3 million or more in September 2026: 92, for $745.4 million. Each county's medians are its own; the last row is the median over every luxury sale in the three counties, not an average of the rows.
| County | Sales | Dollar volume | Median sale price | Median sold $/sq ft | Sale-to-list | Median days on market |
|---|---|---|---|---|---|---|
| Miami-Dade County | 92 | $745.4 million | $4,840,000 | $1,443 | 93.2% | 102 days |
| Broward County | 31 | $128.4 million | $3,700,000 | $985 | 93.8% | 70 days |
| Palm Beach County | 82 | $642.4 million | $4,875,000 | $1,294 | 94.3% | 66 days |
| Three counties | 205 | $1.52 billion | $4,500,000 | $1,269 | 93.7% | 80 days |
County names link to that county's luxury homes for sale today.
Sales and Homes for Sale by County and Price Tier
The same three tiers in each county: how many homes closed in September 2026, and how many were for sale on October 13, 2026. Set side by side, the two halves show where the top of the market is selling and where it is waiting.
| County | Sold, $3M to $4.99M | Sold, $5M to $9.99M | Sold, $10M and up | For sale, $3M to $4.99M | For sale, $5M to $9.99M | For sale, $10M and up |
|---|---|---|---|---|---|---|
| Miami-Dade County | 48 | 25 | 19 | 703 | 496 | 301 |
| Broward County | 26 | 5 | 0 | 301 | 187 | 107 |
| Palm Beach County | 41 | 25 | 16 | 405 | 315 | 251 |
| Three counties | 115 | 55 | 35 | 1,409 | 998 | 659 |
Sold: closings in September 2026. For sale: active listings on October 13, 2026.
Single-Family Homes, Condos, Penthouses and Waterfront, September 2026
145 of the luxury sales in September 2026 were single-family homes and 60 were condominiums, townhomes or villas. 114 of the homes sold carried the MLS waterfront flag, which covers ocean, Intracoastal, bay, canal, lake and river frontage alike. Waterfront and home type overlap: a bayfront condominium is counted in both.
| Group | Sales | Dollar volume | Median sale price | Median sold $/sq ft | Sale-to-list | Median days on market |
|---|---|---|---|---|---|---|
| Single-family homes | 145 | $1.16 billion | $4,500,000 | $1,129 | 94.1% | 83 days |
| Condos, townhomes and villas | 60 | $357.4 million | $4,300,000 | $1,669 | 93.0% | 52 days |
| Penthouses (counted within condos) | 5 | $32.7 million | $4,750,000 | $1,708 | 95.7% | 239 days |
| Waterfront homes | 114 | $989.5 million | $4,500,000 | $1,343 | 92.4% | 100 days |
| Homes not on the water | 91 | $526.7 million | $4,500,000 | $1,160 | 94.8% | 65 days |
Penthouses are condominiums whose unit number marks them as one (PH, UPH, LPH and the like); the MLS has no penthouse field, so one entered under a plain floor number is not counted.
Where Luxury Homes Sold, September 2026
The 12 cities with the most sales at $3 million or more in September 2026, by the city the MLS records for the address. Boca Raton led with 27.
| City | Sales | Dollar volume | Median sale price | Highest sale |
|---|---|---|---|---|
| Boca Raton (Palm Beach County) | 27 | $169.4 million | $4,500,000 | $22,500,000 |
| Miami Beach (Miami-Dade County) | 23 | $261.5 million | $8,700,000 | $33,000,000 |
| Miami (Miami-Dade County) | 20 | $137.0 million | $4,487,500 | $21,925,000 |
| West Palm Beach (Palm Beach County) | 13 | $89.1 million | $4,115,000 | $20,123,180 |
| Fort Lauderdale (Broward County) | 12 | $50.1 million | $4,000,000 | $5,850,000 |
| Sunny Isles Beach (Miami-Dade County) | 11 | $57.2 million | $4,160,000 | $11,900,000 |
| Palm Beach (Palm Beach County) | 9 | $107.8 million | $7,100,000 | $40,000,000 |
| Delray Beach (Palm Beach County) | 9 | $47.4 million | $4,325,000 | $10,750,000 |
| Pinecrest (Miami-Dade County) | 7 | $45.8 million | $4,450,000 | $13,500,000 |
| Coral Gables (Miami-Dade County) | 7 | $30.2 million | $3,750,000 | $5,500,000 |
| Bal Harbour (Miami-Dade County) | 6 | $32.1 million | $4,315,000 | $11,162,500 |
| Jupiter (Palm Beach County) | 5 | $27.8 million | $6,068,109 | $8,625,000 |
A dash means fewer than 5 sales, too few for a median. City names link to that city's page where the site has one.
Luxury Inventory and Absorption by Price Tier, October 13, 2026
3,066 homes were for sale at $3 million or more on October 13, 2026. Months of supply sets them against the sales of July through September 2026: how long today's listings would take to sell at that pace if nothing new came on the market.
| Asking price | For sale | Median asking price | Median asking $/sq ft | On market 30 days or less | Below first asking price | Sold in 3 months | Months of supply | Absorbed per month |
|---|---|---|---|---|---|---|---|---|
| $3M to $4.99M | 1,409 | $3,795,000 | $1,202 | 287 | 430 | 359 | 11.8 months | 8.5% |
| $5M to $9.99M | 998 | $6,500,000 | $1,550 | 187 | 297 | 207 | 14.5 months | 6.9% |
| $10M and up | 659 | $16,500,000 | $2,738 | 120 | 153 | 104 | 19.0 months | 5.3% |
| $3M and up | 3,066 | $5,480,000 | $1,487 | 594 | 880 | 670 | 13.7 months | 7.3% |
"Absorbed per month" is the average monthly sales of those three months as a share of the homes for sale. A dash means the three months held fewer than 5 sales or listings.
Luxury Inventory and Absorption by County, October 13, 2026
The same measures for each county. A lower months-of-supply figure means homes at these prices are selling faster against what is for sale.
| County | For sale | Median asking price | Median asking $/sq ft | On market 30 days or less | Below first asking price | Sold in 3 months | Months of supply | Absorbed per month |
|---|---|---|---|---|---|---|---|---|
| Miami-Dade County | 1,500 | $5,395,000 | $1,642 | 252 | 444 | 272 | 16.5 months | 6.0% |
| Broward County | 595 | $4,999,500 | $1,228 | 95 | 190 | 109 | 16.4 months | 6.1% |
| Palm Beach County | 971 | $5,899,000 | $1,447 | 247 | 246 | 289 | 10.1 months | 9.9% |
| Three counties | 3,066 | $5,480,000 | $1,487 | 594 | 880 | 670 | 13.7 months | 7.3% |
County names link to that county's luxury homes for sale today.
Inventory by Home Type and Waterfront, October 13, 2026
Single-family homes against condominiums, penthouses on their own, and homes on the water against homes off it, each measured against its own sales.
| Group | For sale | Median asking price | Median asking $/sq ft | On market 30 days or less | Below first asking price | Sold in 3 months | Months of supply | Absorbed per month |
|---|---|---|---|---|---|---|---|---|
| Single-family homes | 1,853 | $5,950,000 | $1,293 | 404 | 566 | 506 | 11.0 months | 9.1% |
| Condos, townhomes and villas | 1,213 | $4,800,000 | $1,767 | 190 | 314 | 164 | 22.2 months | 4.5% |
| Penthouses (counted within condos) | 137 | $6,630,000 | $1,937 | 21 | 35 | 16 | 25.7 months | 3.9% |
| Waterfront homes | 1,843 | $5,799,000 | $1,679 | 347 | 558 | 367 | 15.1 months | 6.6% |
| Homes not on the water | 1,223 | $4,990,000 | $1,251 | 247 | 322 | 303 | 12.1 months | 8.3% |
Waterfront and home type overlap; penthouses are counted within condos.
Every Edition
- BreakThru Realty South Florida Luxury Market Report: September 2026 (published October 13, 2026)
How the Luxury Market Report Works
Each edition is built from BeachesMLS once the month has closed: every home that sold for $3 million or more in Miami-Dade, Broward and Palm Beach counties, by price tier, county, home type and waterfront, compared with the month before and the same month a year earlier, plus every home for sale at those prices on the day it is published and how many months that supply would last at the pace of the last three months. Once published an edition never changes. The methodology and each edition's notes explain every calculation; the other reports are on BreakThru Realty Research.
- MLS sales are not the whole luxury market. Some of the most expensive homes change hands privately and are never entered in the MLS, and new condominiums sold by a developer's own sales office often are not either. Read these counts as the MLS-recorded market, and compare them from one edition to the next.
- A month of sales at $10 million or more is a small number of transactions. A median of so few moves with which houses happened to close, so read a tier across several editions before calling a trend.
- Months of supply compares what is for sale on one day with what sold over the three months before. It describes the pace of the market just measured; it is not a forecast.
- The sale price is the price recorded at closing. It does not show credits, furnishings included in the sale or other terms that can change what a buyer actually paid.
Buying or Selling at These Prices
The figures describe the market; they do not price a particular home. For a purchase or a sale at $3 million or more, BreakThru Private Client works from a written brief, in confidence, with you or with the advisor you name. Speak with BreakThru Private Client in confidence
South Florida Luxury Real Estate
- BreakThru Luxury: luxury homes for sale in South Florida
- Miami-Dade County luxury homes for sale
- Broward County luxury homes for sale
- Palm Beach County luxury homes for sale
- Miami-Dade County waterfront homes for sale
- Broward County waterfront homes for sale
- Palm Beach County waterfront homes for sale
- BreakThru Private Client: confidential representation for buyers and sellers
- Private real estate services for high-net-worth clients
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- South Florida Housing Market Report: the whole market, monthly
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- Market data methodology
- Tyson E. Sam, Founder and Broker of Record