Is Miami, OK 74354 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Miami is a balanced market. With about 6 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply6Under 4 months = seller’s market
Sold above original list12.5%Share of sales, last 3 months
Median sale-to-list100.3%Sold price ÷ list price
Median days on market65Listing to accepted offer
Median price per sq ft$108▼ −0.4% vs. last year

The Miami housing market right now

In the three months ending August 31, 2026, 13% of homes in Miami, OK 74354 sold above their list price, the typical home went under contract in 65 days and there were 6 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 8 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 29%, homes sold more slowly (38 days then) and the median sale price fell 32% to $132,942. Overall, Miami is less competitive than a year ago, which gives buyers more room.

Nearby, buyers who want less competition could look at Fairland 74343 (0% sold over asking), while Quapaw 74363 (33% sold over asking) and Wyandotte 74370 (20% sold over asking) are even more competitive.

Nearby markets

Commerce 74339 — /sq ftFairland 74343Buyer’s market $195 /sq ftQuapaw 74363Seller’s market $103 /sq ftWyandotte 74370Seller’s market $244 /sq ft Browse all markets →

Where Miami is

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Questions about Miami real estate

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

A balanced market: there were 6 months of supply in Miami, OK 74354 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 65 days in the latest three months.

Do homes in Miami sell over asking?

13% of homes sold above their original list price, and the typical sale closed at 100.3% of the list price.

What are property taxes in Miami?

About 0.62% of a home’s value a year in Ottawa County, or roughly $2,480 on a $400,000 home.

What is the median home price in Miami?

The median sale price was $132,942 in the three months ending August 31, 2026, about $108 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