Local home value data · Miami, FL
What's my home worth in Miami, FL?
Miami stands out among large cities for how slowly homes sell: prices are still edging up, but the typical listing now takes well over three months to find a buyer.
Is Miami a buyer's or seller's market?
Leaning buyer's. Redfin rates Miami 7/100 (not very competitive), based on how quickly homes sell, how often they get multiple offers, and how close they sell to list price.
What this means if you're selling in Miami
A median sale price of $650,000, up 2.3% year-over-year, hides a clear slowdown in pace. Homes average 116 days on market, up from 100 a year ago, and the Redfin Compete Score is just 7 out of 100. Buyers have unusual leverage to negotiate, and sellers should expect a longer timeline and price realistically.
How Miami compares
Miami has the highest median of the 8 markets shown, and sits 60% above the U.S. median.
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Get Free Home ValueFrequently asked questions
Is Miami a buyer's or seller's market right now?
Pace favors buyers. Homes take about 116 days to sell, versus 100 a year ago, and the Compete Score is only 7 out of 100, even though the median sale price is up 2.3% to $650,000. Listings still average about two offers, so well-priced homes can draw interest.
Why do Miami homes take so long to sell?
The data shows days on market rising from 100 to 116 year-over-year, and Redfin's very low Compete Score suggests limited urgency among buyers.
How accurate is the Miami median for my neighborhood?
The $650,000 median covers all of Miami, and values can differ sharply between neighborhoods, blocks and home types. Prices differ dramatically between areas like Brickell, Coconut Grove and Little Havana. Treat it as a market-wide reference point, not a price for your property. For an estimate based on your specific address, request a free home value report, which is reviewed by a local agent.
Home values in nearby markets
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Market data (median sale price, year-over-year change, days on market, and buyer competition) sourced from Redfin, trailing 3-month data as of August 2026. Figures are approximate, change frequently, and are not a substitute for a formal appraisal or a local agent's comparative market analysis. Read more about how home value estimates work.