Q1 2026 Report
Miami Real Estate Market Report
A comprehensive analysis of Miami-Dade County real estate trends, pricing data, and neighborhood insights to help you make informed decisions. Updated automatically from live MLS data.
$625,000
Median Home Price
+5.2% YoY
12,400+
Active Listings
Tracked neighborhoods
52 days
Avg Days on Market
Current pace
$4.8B
Est. Sales Volume
Q1 2026
Market Overview
Miami's real estate market continues to show strength in Q1 2026. The median home price across tracked Miami-Dade neighborhoods reached $625,000, representing a +5.2% increase year-over-year. Strong domestic migration from high-tax states and continued international investment are driving demand.
With 12,400+ active listings currently on the market and an average of 52 days on market, buyers have more options than recent quarters. However, the market remains competitive in premium neighborhoods like Coral Gables, Coconut Grove, and Key Biscayne where homes sell within 38-42 days on average.
The luxury segment ($2M+) saw particularly strong activity, with international buyers from Latin America, Europe, and the Middle East driving demand for new construction and waterfront properties.
Key Takeaways
- Seller's market in Coral Gables, Coconut Grove, Key Biscayne
- Balanced market in Brickell, Downtown, Miami Beach
- Buyer opportunity in Homestead and outlying areas
- Pre-construction sales up 22% with 15+ active developments
- Cash transactions represent 38% of all sales
- Mortgage rates averaging 6.5-7.0% for 30-year fixed
- Rental demand remains strong, supporting investor returns
Neighborhood Breakdown
| Neighborhood | Primary Type | Median Price | YoY Change | Active Listings | Avg DOM |
|---|---|---|---|---|---|
| Brickell | Condos | $620,000 | +4.2% | 1,847 | 58 days |
| Coral Gables | Single Family | $1,250,000 | +6.1% | 412 | 42 days |
| Miami Beach | Condos | $890,000 | +3.8% | 2,103 | 65 days |
| Doral | Single Family | $520,000 | +5.3% | 634 | 35 days |
| Coconut Grove | Single Family | $1,450,000 | +7.2% | 198 | 38 days |
| Wynwood/Edgewater | Condos | $485,000 | +8.5% | 1,245 | 52 days |
| Homestead | Single Family | $380,000 | +3.1% | 876 | 48 days |
| Downtown Miami | Condos | $550,000 | +5.7% | 1,650 | 61 days |
Latest Economic Insights
Real-time research from the MIAMI Association of REALTORS® on South Florida sales, prices, inventory, and mortgage trends.
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