Is Miami Beach, FL 33154 a buyer’s or seller’s market?
Miami Beach is a buyer’s market. With about 7.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 0% of U.S. ZIP codes, and #783 of 796 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Miami Beach housing market right now
In the three months ending August 31, 2026, 1% of homes in Miami Beach, FL 33154 sold above their list price, the typical home went under contract in 121 days and there were 7.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 114 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (3% then), homes sold faster (132 days then) and the median sale price fell 10% to $1,109,520. Overall, Miami Beach is about as competitive as it was a year ago.
Within Miami-Dade County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell less often over asking than in 96%. On our competition score, Miami Beach ranks #783 of 796 FL ZIP codes with enough sales (score 2 out of 100).
Nearby, Miami 33184 (26% sold over asking) and Opa Locka 33055 (24% sold over asking) are even more competitive.
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Nearby markets
Hialeah 33010Balanced $306 /sq ftHialeah 33012Buyer’s market $336 /sq ftHialeah 33013Balanced $345 /sq ftHialeah 33014Balanced $327 /sq ft Browse all markets →Towns like Miami Beach nearby
Find towns like Miami Beach in other states →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 7.8 months of supply in Miami Beach, FL 33154 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 121 days in the latest three months.
Do homes in Miami Beach sell over asking?
1% of homes sold above their original list price, and the typical sale closed at 92.3% 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 $1,109,520 in the three months ending August 31, 2026, about $756 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