Is Miami, FL 33106 a buyer’s or seller’s market?
Miami is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Miami housing market right now
In the three months ending August 31, 2026, 0% of homes in Miami, FL 33106 sold above their list price, the typical home went under contract in 27 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
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Where Miami is
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Questions about Miami real estate
Is Miami a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Miami, FL 33106 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Miami?
The typical home went under contract in 27 days in the latest three months.
Do homes in Miami sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 93.0% of the list price.
What is the median home price in Miami?
The median sale price was $664,712 in the three months ending August 31, 2026, about $381 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology