Miami Beach, FL housing market

The median sale price in Miami Beach, FL was $720K in May 2026, up 34.6% year over year, measured across homes that actually closed that month (Redfin). The three months through May 2026 averaged $676K, firming from $640K across the three months before that. That puts prices 8.9% below the strongest three-month stretch on record here, which ended in Apr 2025 at $742K. Zillow's home value index, which models the entire housing stock rather than only the homes that changed hands, reads $525K for Jun 2026, down 2.1% year over year.

Buyers had 1,574 homes to choose from in May 2026, down 29.3% year over year (Redfin). At the current sales pace that standing inventory works out to 9.2 months of supply; convention treats four to six months as a balanced market, which puts Miami Beach, FL on the buyers' side of it. 245 homes came to market in May 2026, down 17.0% year over year, against 172 closings, down 10.0% year over year. Homes that sold in May 2026 took a median of 155 days to go under contract, 34 days slower than this market's usual May pace.

Competition is measurable in the closings themselves: 4.0% settled above asking, and the average sale landed at 94% of its final list price. 17% of listings carried a price cut in May 2026.

This page tracks 10 monthly housing series for Miami Beach, FL — median sale price, ZHVI home value, inventory (active), median days on market, months of supply, homes sold, and more — sourced from Redfin, Zillow ZHVI, running from Aug 2016 through Jun 2026. Chart any of them below, switch between levels and year-over-year change, or add nearby Florida markets to compare side by side.