Updated June 2026 · Redfin
Miami vs New York: real estate market, June 2026
A side-by-side housing-market snapshot for Miami, FL and New York, NY for June 2026: median sale price, days on market, inventory and the buyer-vs-seller balance, straight from the Redfin Data Center.
| Metric | Miami, FL | New York, NY |
|---|---|---|
| Median sale price | $645K ▲ +4.2% | $765K ▲ +3.5% |
| Days on market | 72 ▼ -10.1% | 58 ▼ -8.4% |
| Homes for sale | 14,200 ▼ -11.1% | 18,400 ▼ -9.0% |
| Sale-to-list | 95.8% ▲ +1.5% | 98.6% ▲ +1.2% |
| Months of supply | 6.4 ▼ -8.4% | 4.8 ▼ -7.0% |
| Homes sold | 1,820 ▲ +3.8% | 2,940 ▲ +3.2% |
Figures from Redfin Data Center. Verify against your MLS before posting.
The verdict
As of June 2026, Miami is the more affordable of the two at a $645,000 median sale price, about 16% below New York ($765,000). New York is the faster-moving market, with homes going under contract in about 58 days versus 72 in Miami.
Which market fits your client?
For buyers, Miami offers a little more breathing room, with 6.4 months of supply against 4.8 in New York, which usually means less bidding pressure. For sellers, New York is the tighter market, with a 98.6% sale-to-list ratio. On price momentum, Miami is appreciating faster (+4.2% vs +3.5% year over year).
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Frequently asked
- Is Miami or New York more affordable?
- As of June 2026, Miami is the more affordable market at a $645,000 median sale price, about 16% below New York ($765,000), per the Redfin Data Center.
- Which market moves faster, Miami or New York?
- New York moves faster: a typical listing goes under contract in about 58 days, versus 72 days in Miami (June 2026).
- Is Miami or New York better for buyers right now?
- Miami gives buyers a little more room, with 6.4 months of supply versus 4.8 in New York. More months of supply usually means less competition and more negotiating leverage for buyers.
- Where do these Miami and New York numbers come from?
- Both metros draw on the Redfin Data Center, refreshed monthly. LOKAL turns the figures into a ready-to-post carousel, story and square for either city. LOKAL is not affiliated with Redfin; always verify against your local MLS before quoting figures to clients.
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Data: Redfin · Redfin Data Center. Figures are metro-level snapshots, not valuations for a specific home.