Miami, FL metro area Housing Market
Cold MarketComprehensive housing market data for the Miami, FL metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$560K
↑ 0.9% YoY
Days on Market
99 days
↑ 10.0% YoY
Active Inventory
16,581
↓ 6.3% YoY
Homes Sold
1,504
↓ 2.9% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Miami, FL metro area Market Summary
The Miami, FL metro area housing market is cooling down. As of January 2026, the median home sale price is $560K, up 0.9% year-over-year. Homes are spending a median of 99 days on the market, 10.0% longer than a year ago.
There are 16,581 homes for sale — 6.3% fewer than last year. With 11.0 months of supply, this is a buyer's market. 3,782 new listings were added during this period, down 13.0% year-over-year.
Homes are selling for 94.6% of their list price on average, suggesting room for negotiation. 7.7% of homes sell above their asking price. 19.2% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
88
Contributing Factors
How This Market Compares
vs. National Median
vs. Florida Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. High inventory relative to sales pace means buyers have options and sellers may be flexible on price. Prices are 32% above the national median. Focus on rent-to-price ratios to ensure deals still cash flow.
Miami, FL metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$580K
Price per Sq Ft
$389
Sale-to-List Ratio
94.6%
Months of Supply
11.0
Sold Above List
7.7%
Price Drops
19.2%
New Listings
3,782
↓ 13.0% YoY
Pending Sales
2,093
Off Market in 2 Weeks
13.9%
Other Markets in Florida
Tampa, FL metro area
$372K · 64d on market
Orlando, FL metro area
$400K · 70d on market
West Palm Beach, FL metro area
$530K · 96d on market
Fort Lauderdale, FL metro area
$448K · 106d on market
Jacksonville, FL metro area
$354K · 90d on market
North Port, FL metro area
$420K · 67d on market
Cape Coral, FL metro area
$370K · 66d on market
Deltona, FL metro area
$345K · 78d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.