Updated May 2026 · Redfin
Miami Real Estate Market Update, May 2026
Here are the latest housing market numbers for Miami, FL, for May 2026, from the Redfin Data Center. Median sale price, days on market, inventory and more, with month-over-month and year-over-year change. The median sale price is $650K.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $650K | ▲ +1.2% | ▲ +3.0% |
| Days on market | 114 | ▼ -8.8% | ▲ +7.5% |
| Homes for sale | 3,748 | ▼ -2.5% | ▼ -14.0% |
| Sale-to-list | 95.0% | ▲ +1.4% | ▲ +0.6% |
| Months of supply | 10.6 | ▲ +14.0% | ▼ -8.6% |
| Homes sold | 353 | ▼ -14.7% | ▼ -5.9% |
Figures from Redfin Data Center. Verify against your MLS before posting.
What the Miami numbers say
Prices in Miami are still rising. The median sale price reached $650,000, up 3.0% year over year. The market has loosened: a typical listing now takes around 114 days to go under contract, with sellers getting 95.0% of list price.
With 3,748 homes for sale and 10.6 months of supply, Miami is currently a buyer's market.
What this means if you sell in Miami
Use these figures to set expectations early with each client. Lead a listing appointment with the $650K median price and the 114-day pace, show the year-over-year direction, and frame Miami as a buyer's market. A buyer or seller client trusts an agent who knows the numbers cold, and posts them every month.
How we track the Miami market
We built LOKAL to pull Miami's numbers straight from the Redfin Data Center, so an agent and a client read from the same source. For May 2026 we recorded a $650K median sale price, +3.0% year over year, 114 days on market and a 95.0% sale-to-list ratio across 353 recorded sales. That compares with roughly $631K a year earlier, in 2025. Redfin has published this market data monthly since 2020, which is what lets us show month-over-month and year-over-year change here in 2026. We refresh every metro monthly. LOKAL is independent and not affiliated with Redfin; always verify against your MLS before you publish.
Turn these Miami numbers into a finished post.
Open LOKAL with Miami already selected. You'll get a carousel, story and square graphic with these figures in place, ready to export in seconds.
Build the Miami post →Frequently asked: the Miami housing market
- What is the median home price in Miami, FL?
- As of May 2026, the median sale price in Miami is $650,000 (+3.0% year over year), per the Redfin Data Center.
- Is Miami a buyer's or seller's market right now?
- Miami is currently a buyer's market, based on 10.6 months of supply and a 95.0% sale-to-list ratio for May 2026.
- How long do homes take to sell in Miami?
- A typical Miami listing goes under contract in about 114 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this Miami market data come from?
- All figures come from the Redfin Data Center, refreshed monthly. LOKAL turns them into a ready-to-post carousel, story and square graphic for Miami agents. LOKAL is not affiliated with Redfin.
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Data: Redfin · Redfin Data Center. Figures are a metro-level snapshot, not a valuation for a specific home.
Miami housing market by ZIP code
See Miami block by block. These 52 Miami-area ZIP codes each have their own real Redfin median price, days on market and supply.