Is Miami Beach, FL 33109 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Miami Beach is a buyer’s market. With about 24 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply24Under 4 months = seller’s market

Sold above original list0%Share of sales, last 3 months

Median sale-to-list89%Sold price ÷ list price

Median days on market201Listing to accepted offer

Median price per sq ft$1,935▼ −25.0% vs. last year

The Miami Beach housing market right now

In the three months ending August 31, 2026, 0% of homes in Miami Beach, FL 33109 sold above their list price, the typical home went under contract in 201 days and there were 24 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 4 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (150 days then) and the median sale price fell 65% to $3,700,149. Overall, Miami Beach is less competitive than a year ago, which gives buyers more room.

Within Miami-Dade County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.

Nearby, Miami 33184 (26% sold over asking) and Opa Locka 33055 (24% sold over asking) are even more competitive.

About the area

Miami-Dade County, FL

Population	1,083
Median income	$250,000+*
Average income	$755,945
Median home value	$2,000,000+*
Owner-occupied	95% of homes
Median year built	1987

Natural hazard riskFlooding (relatively high), hurricanes (relatively high), extreme heat (moderate)

* The Census Bureau doesn’t publish exact figures above $250,000 for household income, $2,000,000 for home values or $3,500 for monthly rent; it reports them as “or more.”

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 33109; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 33109

Prefilled for 33109Can I win this house?Multiple-offer likelihood for a listing Prefilled for 33109Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Hialeah 33010Balanced $306 /sq ft Hialeah 33012Buyer’s market $336 /sq ft Hialeah 33013Balanced $345 /sq ft Hialeah 33014Balanced $327 /sq ft Browse all markets →

Towns like Miami Beach nearby

Find towns like Miami Beach in other states →

Key Biscayne, FL33149 · 5 miles away23% similarlower income ($68K less) · cheaper homes ($425K less) Miami, FL33158 · 14 miles away7% similarlower income ($48K less) · cheaper homes ($973K less) Miami, FL33156 · 12 miles away6% similarlower income ($113K less) · cheaper homes ($880K less) Miami Beach, FL33154 · 2 miles away5% similarlower income ($160K less) · cheaper homes ($1038K less)

Where Miami Beach is

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Questions about Miami Beach real estate

Is Miami Beach a buyer’s or seller’s market?

A buyer’s market: there were 24 months of supply in Miami Beach, FL 33109 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 Beach?

The typical home went under contract in 201 days in the latest three months.

Do homes in Miami Beach sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 89.0% of the list price.

What are property taxes in Miami Beach?

About 0.81% of a home’s value a year in Miami-Dade County, or roughly $3,240 on a $400,000 home.

What is the median home price in Miami Beach?

The median sale price was $3,700,149 in the three months ending August 31, 2026, about $1,935 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