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 $405,000 for condos and townhomes, from BeachesMLS closings as of September 23, 2026. Homes for sale now are asking a median $1,972,000 and $357,500 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 balanced market right now: 5.2 months of supply, with condos and townhomes at 9 months (buyer'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 60 days on average, and condos and townhomes 123 days. Sellers achieved 96.6% of their asking price on the typical single-family sale and 98.8% 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 $797,250 (Oct 2025) to $840,000 (Aug 2026), +5.4%. Comparing the last 90 days with the same 90 days a year earlier, single-family medians are +17.1% and condo medians +9.5%. Monthly medians swing with the mix of homes that happened to close, so the direction over several months matters more than any one month.

What is the median rent in South Miami?

The median asking rent in South Miami is $2,696 a month across 43 active rentals: $4,450 for houses and townhomes and $2,000 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 through the Spark API: active listings are counted as of the refresh date (September 23, 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

BreakThru Realty analyzes BeachesMLS data daily to track home prices, inventory, sales, days on market and market direction in South Miami, Florida. These figures were updated September 23, 2026. 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, +17.1% against the same period a year earlier.
The median condo or townhome sold for $405,000, +9.5% year over year.
Single-family homes that sold averaged 60 days on the market; condos and townhomes 123 days.
With 5.2 months of inventory, single-family homes are a balanced market; condos and townhomes, at 9 months, are a buyer's market.
44 homes and condos were for sale in South Miami on September 23, 2026.

South Miami Market at a Glance

Updated September 23, 2026 from BeachesMLS.

44homes & condos for sale
1new listings this week
20under contract
2waterfront listings
23luxury listings ($1,000,000+)
11sold in the last 30 days

	Single-family homes	Condos & townhomes
Active listings	26	18
Median list price	$1,972,000	$357,500
Median list price per sq ft	$869/sq ft	$429/sq ft
Average days on market	174 days	111 days
Sold in the last 90 days	15	6
Median sold price (90 days)	$1,388,000	$405,000
Sale price as % of list price	96.6%	98.8%
Months of inventory	5.2 months	9 months
Median sold price vs. a year ago	+17.1%	+9.5%

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.

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
Oct 2025	14	$797,250	$512/sq ft	130 days	95.1%
Nov 2025	5	$1,125,000	$592/sq ft	136 days	96.7%
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	7	$840,000	$505/sq ft	60 days	99.7%
Sep 2026 (to date)	7	$820,000	$684/sq ft	76 days	96.9%

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)
2026-09-16	46	6	20	11	$1,845,000	$355,000
2026-09-17	46	5	20	10	$1,845,000	$355,000
2026-09-18	45	4	20	11	$2,099,000	$357,500
2026-09-20	44	3	20	11	$1,972,000	$357,500
2026-09-21	44	1	20	11	$1,972,000	$357,500
2026-09-22	45	2	19	11	$1,845,000	$357,500

South Miami Rental Market at a Glance

Updated September 22, 2026 from BeachesMLS.

43homes for rent
$2,696/momedian asking rent
6new rentals this week
17leased in the last 30 days

	Houses & townhomes	Condos & apartments
Active rentals	18	25
Median asking rent	$4,450/mo	$2,000/mo
Median rent per sq ft	$3.30/sq ft	$3.76/sq ft
Average days on market	59 days	116 days
Leased in the last 90 days	26	46
Median leased rent (90 days)	$6,000/mo	$2,100/mo
Median leased rent vs. a year ago	+8.6%	0%

Source: BeachesMLS via the Spark API. Asking rents are active rentals as of September 22, 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 ($712 per square foot) and the median condo or townhome for $405,000 ($401 per square foot). Against the same 90 days a year earlier that is +17.1% for single-family homes and +9.5% for condos. Homes on the market now are asking a median $1,972,000 (single-family) and $357,500 (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

44 homes and condos are for sale in South Miami today, 1 of them listed in the last seven days, and 20 are under contract. 11 sales closed in the last 30 days. Single-family homes carry 5.2 months of inventory and condos 9 months, which makes the single-family side a balanced market: under four months favours sellers, over six favours buyers. Active single-family listings have been on the market 174 days on average, condos 111 days.

Single-Family Homes vs. Condos and Townhomes

The two halves of the South Miami market move differently. Single-family sellers achieved 96.6% of their asking price on the typical sale in the last 90 days after 60 days on market; condo and townhome sellers achieved 98.8% after 123 days. 15 single-family homes and 6 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

120 residential sales closed in South Miami over the last twelve months. The whole-market median sold price moved from $797,250 in Oct 2025 to $840,000 in Aug 2026, a change of +5.4%. 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.

Selling a Home in South Miami

A South Miami home is priced by its lot and its street as much as by the house. Two homes a few blocks apart can sell far apart because one is a renovated 1950s house with impact glass and a new roof, and the other is priced for its land and bought by a builder, or because one is on sewer and the other still on a septic tank. Your buyers are also looking in Coral Gables and Pinecrest, and the 33143 ZIP code is shared with parts of Coral Gables and unincorporated Miami-Dade, so we price from closed sales inside the city that match your lot size, the age and condition of the house and how close it is to Sunset Drive and the university. Start with a free valuation built on recent MLS sales, ask for a full comparative market analysis, or request a guaranteed cash offer if you need a fast, as-is sale.

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.

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 60 days to go under contract. Prices in your neighborhood may differ from the city average. Enter your address for a property-specific valuation built on the closed sales nearest your home.

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Investing in South Miami?

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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 $405,000 for condos and townhomes, from BeachesMLS closings as of September 23, 2026. Homes for sale now are asking a median $1,972,000 and $357,500 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 balanced market right now: 5.2 months of supply, with condos and townhomes at 9 months (buyer'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 60 days on average, and condos and townhomes 123 days. Sellers achieved 96.6% of their asking price on the typical single-family sale and 98.8% 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 $797,250 (Oct 2025) to $840,000 (Aug 2026), +5.4%. Comparing the last 90 days with the same 90 days a year earlier, single-family medians are +17.1% and condo medians +9.5%. Monthly medians swing with the mix of homes that happened to close, so the direction over several months matters more than any one month.
What is the median rent in South Miami?: The median asking rent in South Miami is $2,696 a month across 43 active rentals: $4,450 for houses and townhomes and $2,000 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 through the Spark API: active listings are counted as of the refresh date (September 23, 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.