The Miami housing market is somewhat competitive. The median sale price of a home in Miami was $138K last month, up 53.7% since last year. The median sale price per square foot in Miami is $86, up 121.8% since last year.
In October 2024, Miami home prices were up 53.7% compared to last year, selling for a median price of $138K.
$112K
Sale Price
+173.8% since last year
$86
Sale $/Sq. Ft.
+121.8% since last year
Under List Price
5.8%
Days on Market
54
Down Payment
—
Total Homes Sold
2
To compare other locations to the Miami and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Miami add value to a home.
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How hot is the Miami housing market?
Miami is somewhat competitive. Homes sell in 54 days.
0
100
58
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Some homes get multiple offers.
The average homes sell for about 6% below list price and go pending in around 54 days.
Hot homes
can sell for around list price and go pending in around 25 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Miami housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Miami.
Flood Factor - Minor
10% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Miami has a minor risk of flooding. 377 properties in Miami are likely to be
severely affected
by flooding over the next 30 years. This represents 10% of all properties in Miami. Flood risk is increasing slower than the national average.
100% of properties are at risk of wildfire over the next 30 years
Fire Factor
Miami has a moderate risk of wildfire. There are 6,724 properties in Miami that have some risk of being affected by wildfire over the next 30 years. This represents 100% of all properties in Miami.
97% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Miami has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Miami is most at risk from hurricanes. 6,566 properties in Miami have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 59 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 63 mph.