All Home Types
Miami Beach, FL Housing Market
What is the housing market like in Miami Beach today?
In October 2024, Miami Beach home prices were down 4.8% compared to last year, selling for a median price of $476K. On average, homes in Miami Beach sell after 107 days on the market compared to 91 days last year. There were 134 homes sold in October this year, down from 167 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$476,250
-4.8% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Miami Beach, FL
$476,250
-4.8%
United States
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Miami Beach Migration & Relocation Trends
In Sep '24 - Nov '24, 30% of Miami Beach homebuyers searched to move out of Miami Beach, while 70% looked to stay within the metropolitan area.
- Across the nation, 2% of homebuyers searched to move into Miami Beach from outside metros.
- New York homebuyers searched to move into Miami Beach more than any other metro followed by San Francisco and Washington.
Where are people moving to Miami Beach from?
- 70% of Miami Beach homebuyers searched to stay within the Miami Beach metropolitan area.
- Cape Coral was the most popular destination among Miami Beach homebuyers followed by Orlando and Jacksonville.
Where are people from Miami Beach moving to?
Number of People Moving to Miami Beach
least
most
People are moving to Miami Beach from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 4,605 | ||
| 2 | 1,578 | ||
| 3 | 1,287 | ||
| 4 | 1,017 | ||
| 5 | 678 | ||
| 6 | 664 | ||
| 7 | 507 | ||
| 8 | 252 | ||
| 9 | 153 | ||
| 10 | 78 | ||
People are leaving Miami Beach for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 2,262 | ||
| 2 | 1,513 | ||
| 3 | 871 | ||
| 4 | 732 | ||
| 5 | 713 | ||
| 6 | 700 | ||
| 7 | 610 | ||
| 8 | 604 | ||
| 9 | 522 | ||
| 10 | 346 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Miami Beach.
Provided by First Street Foundation
Transportation in Miami Beach
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