Miami Real Estate Market Reports
Comprehensive statistics and trends for Miami-Dade County and its most sought-after neighborhoods — updated monthly with real MLS data.
County-Wide Snapshot
Miami-Dade County · February 2026
Neighborhood Price Comparison
Median sale prices and year-over-year change across top Miami-Dade communities
| Neighborhood | Median Price | YoY Change | $/Sq Ft | Avg DOM | Inventory | Market |
|---|---|---|---|---|---|---|
| Key Biscayne | $1,950,000 | ▲ 6.1% | $985/ft² | 52 days | 148 | Seller's |
| Coral Gables | $1,425,000 | ▲ 4.8% | $720/ft² | 45 days | 312 | Seller's |
| Coconut Grove | $1,275,000 | ▲ 7.2% | $695/ft² | 41 days | 187 | Seller's |
| Pinecrest | $1,185,000 | ▲ 4.3% | $550/ft² | 48 days | 198 | Seller's |
| Palmetto Bay | $825,000 | ▲ 5.7% | $420/ft² | 39 days | 215 | Seller's |
| Miami Beach | $785,000 | ▲ 3.9% | $610/ft² | 62 days | 2,105 | Neutral |
| Brickell | $695,000 | ▲ 8.4% | $680/ft² | 34 days | 892 | Seller's |
| South Miami | $672,000 | ▲ 5.1% | $435/ft² | 36 days | 224 | Seller's |
| Doral | $595,000 | ▲ 6.8% | $370/ft² | 28 days | 487 | Seller's |
| Kendall | $535,000 | ▲ 4.5% | $330/ft² | 32 days | 623 | Seller's |
| Cutler Bay | $465,000 | ▲ 3.8% | $295/ft² | 35 days | 289 | Neutral |
| Homestead | $385,000 | ▲ 2.9% | $248/ft² | 41 days | 512 | Neutral |
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Market Data at a Glance
Visual comparison of key metrics by neighborhood
Median Sale Price by Neighborhood
Sorted highest to lowest · February 2026
Year-Over-Year Price Growth
% change vs. prior year · sorted highest to lowest
Miami-Dade Market Conditions — March 2026
Miami-Dade County continues to operate as a moderate seller's market in early 2026. At 3.8 months of supply, inventory has expanded meaningfully compared to the hyper-tight conditions of 2021–2023, giving buyers slightly more options — but well-priced properties in desirable neighborhoods still receive multiple offers.
Interest rates stabilized around 6.4–6.6% for 30-year fixed mortgages, down from the 2024 peak of 7.4%. This modest improvement has brought more buyers back to the market, particularly in the $400K–$700K price band, where activity has been strongest in areas like Doral, Kendall, and Cutler Bay.
High-end markets — Coral Gables, Coconut Grove, and Key Biscayne — remain remarkably resilient, driven by cash buyers and international demand. Brickell continues its meteoric rise (+8.4% YoY) as new condo developments attract a younger, finance-sector demographic. Miami Beach inventory has grown, moderating price growth to under 4% YoY in that submarket.
Homestead and South Dade offer the county's most attainable prices, attracting first-time buyers and investors. Days on market remain relatively low across all price points, signaling continued demand from domestic and international buyers drawn to South Florida's tax advantages and lifestyle.
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