Miami Shores, FL housing market

The median sale price in Miami Shores, FL was $1.4M in May 2026, up 20.7% year over year, measured across homes that actually closed that month (Redfin). The three months through May 2026 averaged $1.24M, firming from $1.13M across the three months before that. That puts prices 17.2% below the strongest three-month stretch on record here, which ended in Jul 2024 at $1.49M. Zillow's home value index, which models the entire housing stock rather than only the homes that changed hands, reads $756K for Jun 2026, up 1.3% year over year.

Buyers had 67 homes to choose from in May 2026, down 36.8% year over year (Redfin). At the current sales pace that standing inventory works out to 5.6 months of supply; convention treats four to six months as a balanced market, which puts Miami Shores, FL squarely inside it. 18 homes came to market in May 2026, down 25.0% year over year, against 12 closings, up 20.0% year over year. Homes that sold in May 2026 took a median of 111 days to go under contract, 33 days slower than this market's usual May pace.

Competition is measurable in the closings themselves: 8% settled above asking, and the average sale landed at 96% of its final list price. 19% of listings carried a price cut in May 2026.

This page tracks 10 monthly housing series for Miami Shores, 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.