What is the median home price in South Miami?

Over the last 90 days the median sold price in South Miami was $1,388,000 for single-family homes and $378,000 for condos and townhomes, from BeachesMLS closings as of November 8, 2026. Homes for sale now are asking a median $1,997,500 and $360,000 respectively. These figures refresh daily on this page.

Is South Miami a buyer's market or a seller's market?

By months of inventory, the single-family side of South Miami is a seller's market right now: 3.9 months of supply, with condos and townhomes at 3.8 months (seller's market). Under four months of supply favours sellers, over six favours buyers, and the two segments often sit on different sides of that line in South Florida.

How long does it take to sell a home in South Miami?

Single-family homes that closed in South Miami in the last 90 days had been on the market 70 days on average, and condos and townhomes 47 days. Sellers achieved 94.9% of their asking price on the typical single-family sale and 97.8% on the typical condo sale. Well-priced homes go under contract in the first few weeks; the average is pulled up by listings that started too high.

Are home prices in South Miami going up or down?

Over the last twelve months the whole-market median sold price in South Miami moved from $658,750 (Dec 2025) to $982,500 (Oct 2026), +49.1%. Comparing the last 90 days with the same 90 days a year earlier, single-family medians are +10.6% and condo medians -10.5%. Monthly medians swing with the mix of homes that happened to close, so the direction over several months matters more than any one month.

Are condo prices in South Miami going up or down?

The median condo or townhome in South Miami closed at $378,000 in the last 90 days, down 10.5% against the same 90 days a year earlier, with 3.8 months of condo inventory on the market and 47 days on average to go under contract, from BeachesMLS closings as of November 8, 2026. A citywide condo median blends every building and line; what a particular condo is worth comes from the closings in its own building, its association fees and its reserve and inspection status.

What is the median rent in South Miami?

The median asking rent in South Miami is $2,696 a month across 41 active rentals: $4,675 for houses and townhomes and $2,100 for condos and apartments. The South Miami rentals hub carries the full rental market table, updated daily.

Where do these numbers come from?

Every figure is computed from BeachesMLS: active listings are counted as of the refresh date (November 8, 2026), sold figures cover closings in the last 90 days compared with the same 90 days a year earlier, and the monthly table buckets closed sales by closing date. Statistics refresh once a day and are cached; inventory over time comes from our own daily snapshots. Nothing on this page is typed by hand, and none of it is an appraisal. BreakThru Realty's market data methodology page explains every calculation, and broker of record Tyson E. Sam reviews the method and the written guidance in this report.

BreakThru Realty South Miami Housing Market Report

Name: BreakThru Realty South Miami Housing Market Report
Creator: BreakThru Realty
License: https://www.breakthrurealty.com/TermsOfService

In the 90 days to November 8, 2026, the median single-family home in South Miami sold for $1,388,000 and the median condo or townhome for $378,000; 45 homes and condos are for sale. By months of inventory, both are a seller's market. BreakThru Realty analyzes BeachesMLS data daily to track home prices, inventory, sales, days on market and market direction in South Miami, Florida; nothing here is typed by hand.

South Miami Housing Market: Key Figures

The median single-family home in South Miami sold for $1,388,000 over the last 90 days, +10.6% against the same period a year earlier.
The median condo or townhome sold for $378,000, -10.5% year over year.
Single-family homes that sold averaged 70 days on the market; condos and townhomes 47 days.
With 3.9 months of inventory, single-family homes are a seller's market; condos and townhomes, at 3.8 months, are a seller's market.
45 homes and condos were for sale in South Miami on November 8, 2026.

South Miami Market at a Glance

Updated November 8, 2026 from BeachesMLS.

Newest South Miami Homes for Sale

The 30 newest homes, condos and townhomes on the market in South Miami, straight from BeachesMLS. The 30 listings on this page run from $410,000 to $5,625,000, with a median of $1,350,000, about $750 per square foot, and they have been listed a median of 39 days.

The communities with the most listings here are Cocoplum Terr (2), Cocoplum Terrace Addn Par (2), Cullys Corners (2), Map of Larkins Pines (2) and Royal Palm Villas (2), 10 of the 30; the others are spread across 19 more communities.
By type: 26 single-family homes, 2 multifamily properties, 1 condo and 1 townhome or villa.
Bedrooms run from studios to 8, a median of 4; they were built between 1925 and 2026, a median of 1970, and 10 in the last ten years.
15 of the 30 have a pool.
They sit in 2 ZIP codes: 33143 and 33155.

See every South Miami home for sale with map and filters.

	Single-family homes	Condos & townhomes
Active listings	30	15
Median list price	$1,997,500	$360,000
Median list price per sq ft	$945/sq ft	$406/sq ft
Average days on market	151 days	122 days
Sold in the last 90 days	23	12
Median sold price (90 days)	$1,388,000	$378,000
Sale price as % of list price	94.9%	97.8%
Months of inventory	3.9 months	3.8 months
Median sold price vs. a year ago	+10.6%	-10.5%

Source: BeachesMLS. Active listings as of November 8, 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.

South Miami Home Sales by Month

Closed residential sales in South Miami by closing month, from BeachesMLS. The current month is partial until it closes.

Month	Closed sales	Median sold price	Median $/sq ft	Avg days to sell	Sale-to-list
Dec 2025	10	$658,750	$459/sq ft	93 days	93.2%
Jan 2026	13	$1,550,000	$829/sq ft	76 days	96.2%
Feb 2026	8	$1,070,750	$571/sq ft	61 days	93.3%
Mar 2026	11	$1,200,000	$558/sq ft	76 days	97.9%
Apr 2026	12	$961,250	$521/sq ft	79 days	96.4%
May 2026	15	$800,000	$446/sq ft	47 days	96.6%
Jun 2026	12	$855,000	$652/sq ft	130 days	94%
Jul 2026	6	$1,637,500	$725/sq ft	111 days	97.2%
Aug 2026	8	$705,000	$472/sq ft	64 days	99.9%
Sep 2026	15	$785,000	$633/sq ft	53 days	95.5%
Oct 2026	12	$982,500	$681/sq ft	62 days	97.6%
Nov 2026 (to date)	1	$1,550,000	$746/sq ft	126 days	84%

South Miami Inventory Over Time

Active listings, new listings and homes under contract in South Miami, from BreakThru Realty's daily snapshots of BeachesMLS (recorded since 2026-09-16).

Date	Active listings	New this week	Under contract	Sold in 30 days	Median list (single-family)	Median list (condos)
2026-10-05	47	7	20	12	$2,347,000	$349,000
2026-10-06	48	8	18	13	$2,099,000	$349,000
2026-10-07	47	6	17	14	$1,997,500	$349,000
2026-10-09	47	5	18	14	$2,000,000	$354,500
2026-10-10	46	6	19	14	$2,049,500	$354,500
2026-10-11	46	6	19	14	$2,049,500	$354,500
2026-10-12	47	4	19	12	$2,099,000	$354,500
2026-10-13	45	2	21	12	$2,049,500	$349,000
2026-10-14	46	3	21	12	$2,099,000	$349,000
2026-10-15	45	3	20	11	$2,099,000	$342,000
2026-10-16	43	2	21	11	$2,099,000	$342,000
2026-10-18	43	2	21	10	$2,099,000	$342,000
2026-10-19	43	1	20	11	$2,099,000	$342,000
2026-10-20	43	1	20	12	$2,049,500	$335,000
2026-10-21	42	1	18	14	$2,049,500	$342,000
2026-10-22	43	2	18	13	$2,099,000	$342,000
2026-10-23	43	2	18	13	$2,099,000	$342,000
2026-10-24	44	3	18	12	$2,099,000	$349,000
2026-10-25	43	3	18	11	$2,322,000	$349,000
2026-10-26	42	3	18	11	$2,545,000	$349,000
2026-10-27	43	4	17	12	$2,322,000	$360,000
2026-10-28	43	4	17	12	$2,322,000	$360,000
2026-10-30	44	3	17	11	$2,099,000	$360,000
2026-10-31	43	3	17	9	$2,322,000	$360,000
2026-11-01	42	3	17	8	$2,545,000	$360,000
2026-11-02	42	3	17	8	$2,545,000	$360,000
2026-11-03	43	3	16	9	$2,272,500	$360,000
2026-11-04	44	3	14	11	$2,000,000	$360,000
2026-11-05	44	5	15	11	$2,000,000	$360,000
2026-11-07	44	4	14	12	$1,999,999	$360,000

South Miami Rental Market at a Glance

Updated November 7, 2026 from BeachesMLS.

41homes for rent
$2,696/momedian asking rent
4new rentals this week
16leased in the last 30 days

	Houses & townhomes	Condos & apartments
Active rentals	14	27
Median asking rent	$4,675/mo	$2,100/mo
Median rent per sq ft	$3.47/sq ft	$3.43/sq ft
Average days on market	62 days	87 days
Leased in the last 90 days	15	35
Median leased rent (90 days)	$6,950/mo	$2,000/mo
Median leased rent vs. a year ago	+41.8%	-1.2%

Source: BeachesMLS. Asking rents are active rentals as of November 7, 2026; leased rents cover leases signed in the last 90 days, compared with the same 90 days one year earlier. Not an appraisal.

Home Prices in South Miami

Over the last 90 days the median single-family home in South Miami sold for $1,388,000 ($739 per square foot) and the median condo or townhome for $378,000 ($396 per square foot). Against the same 90 days a year earlier that is +10.6% for single-family homes and -10.5% for condos. Homes on the market now are asking a median $1,997,500 (single-family) and $360,000 (condos and townhomes). Medians describe the middle of the market; a waterfront estate and a garden condo pull in opposite directions, which is why the two segments are reported separately.

Inventory and the Pace of Sales

45 homes and condos are for sale in South Miami today, 5 of them listed in the last seven days, and 14 are under contract. 12 sales closed in the last 30 days. Single-family homes carry 3.9 months of inventory and condos 3.8 months, which makes the single-family side a seller's market: under four months favours sellers, over six favours buyers. Active single-family listings have been on the market 151 days on average, condos 122 days.

Single-Family Homes vs. Condos and Townhomes

The two halves of the South Miami market move differently. Single-family sellers achieved 94.9% of their asking price on the typical sale in the last 90 days after 70 days on market; condo and townhome sellers achieved 97.8% after 47 days. 23 single-family homes and 12 condos and townhomes closed in that window. Condo pricing also carries the building's fees, reserves and rental rules, so a low list price in an older tower is not the same deal as a low list price on a lot.

The Last Twelve Months

123 residential sales closed in South Miami over the last twelve months. The whole-market median sold price moved from $658,750 in Dec 2025 to $982,500 in Oct 2026, a change of +49.1%. The month-by-month table below shows closings, median price, price per square foot and days to sell; the current month is partial until it closes.

What These Figures Mean If You Are Selling in South Miami

The figures above describe all of South Miami. Your price comes from the closed sales that match your home: the same neighborhood, the same water or golf course position, the same age and condition. The sale to list ratio shows how far buyers are negotiating below asking, days on market shows how long a well priced home waits, and months of inventory shows whether buyers or sellers hold the leverage this season. Request the review below and a broker applies all three to your address before you decide on a price.

Investing in South Miami

Investors in South Miami usually buy one of three things: a condo near the Metrorail to lease to University of Miami students and hospital staff, an older house on a good lot to renovate or replace, or one of the few duplexes near campus. Each has its own checks. A condo depends on the association's leasing rules, approval process and fees, and a unit near campus leases on the academic calendar. A rebuild depends on the city's zoning and permits, city review of the trees on the lot, the flood zone, septic or sewer, and the FEMA substantial-improvement rule, which requires an older home below flood elevation to be brought up to current standards once the work passes half its value. The South Miami rental pages show live rents, and the price-reduced page tracks sellers who have cut the price.

Follow the South Miami Market as It Moves

Leave your email on this page and BreakThru Realty sends you each new South Miami listing and price drop the day it reaches the MLS, with no account needed. Owners can request a review of what their own home is worth against these figures; buyers can ask for a showing or a search.

Thinking About Selling in South Miami?

The median South Miami single family home closed at $1,388,000 in the last 90 days and took 70 days to go under contract. Prices in your neighborhood may differ from the city average. Your buyer may already be looking. BreakThru Realty works with hundreds of prequalified buyers searching for properties. Enter your address and a licensed broker prepares your selling options from the closed sales nearest your home and checks it against the buyers on file.

A value range built from comparable South Miami sales, with the reasoning
Whether a buyer already working with BreakThru Realty is looking for a property like yours
The plan that reaches the rest of the market if no buyer on file fits
An estimate of your selling costs and what you would keep after closing
Your timing, privacy and goals, worked through before anything is listed

Find Out If We Have Your Buyer

Selling in South Miami?

See what your home is worth from recent South Miami sales, the days on market and today's buyer demand. See what my home would sell for.

Buying in South Miami?

Every home, condo and townhome for sale in South Miami, straight from the MLS and updated through the day. Find my South Miami home.

Investing in South Miami?

Multifamily, rental and value add property in South Miami, with the taxes, association fees and price history on every listing. Evaluate South Miami investments.

South Miami Housing Market FAQ

What is the median home price in South Miami?: Over the last 90 days the median sold price in South Miami was $1,388,000 for single-family homes and $378,000 for condos and townhomes, from BeachesMLS closings as of November 8, 2026. Homes for sale now are asking a median $1,997,500 and $360,000 respectively. These figures refresh daily on this page.
Is South Miami a buyer's market or a seller's market?: By months of inventory, the single-family side of South Miami is a seller's market right now: 3.9 months of supply, with condos and townhomes at 3.8 months (seller's market). Under four months of supply favours sellers, over six favours buyers, and the two segments often sit on different sides of that line in South Florida.
How long does it take to sell a home in South Miami?: Single-family homes that closed in South Miami in the last 90 days had been on the market 70 days on average, and condos and townhomes 47 days. Sellers achieved 94.9% of their asking price on the typical single-family sale and 97.8% on the typical condo sale. Well-priced homes go under contract in the first few weeks; the average is pulled up by listings that started too high.
Are home prices in South Miami going up or down?: Over the last twelve months the whole-market median sold price in South Miami moved from $658,750 (Dec 2025) to $982,500 (Oct 2026), +49.1%. Comparing the last 90 days with the same 90 days a year earlier, single-family medians are +10.6% and condo medians -10.5%. Monthly medians swing with the mix of homes that happened to close, so the direction over several months matters more than any one month.
Are condo prices in South Miami going up or down?: The median condo or townhome in South Miami closed at $378,000 in the last 90 days, down 10.5% against the same 90 days a year earlier, with 3.8 months of condo inventory on the market and 47 days on average to go under contract, from BeachesMLS closings as of November 8, 2026. A citywide condo median blends every building and line; what a particular condo is worth comes from the closings in its own building, its association fees and its reserve and inspection status.
What is the median rent in South Miami?: The median asking rent in South Miami is $2,696 a month across 41 active rentals: $4,675 for houses and townhomes and $2,100 for condos and apartments. The South Miami rentals hub carries the full rental market table, updated daily.
Where do these numbers come from?: Every figure is computed from BeachesMLS: active listings are counted as of the refresh date (November 8, 2026), sold figures cover closings in the last 90 days compared with the same 90 days a year earlier, and the monthly table buckets closed sales by closing date. Statistics refresh once a day and are cached; inventory over time comes from our own daily snapshots. Nothing on this page is typed by hand, and none of it is an appraisal. BreakThru Realty's market data methodology page explains every calculation, and broker of record Tyson E. Sam reviews the method and the written guidance in this report.