South Miami Heights, FL housing market

The median sale price in South Miami Heights, FL was $510K in May 2026, down 4.7% year over year, measured across homes that actually closed that month (Redfin). The three months through May 2026 averaged $536K, easing from $555K across the three months before that. That puts prices 10.2% below the strongest three-month stretch on record here, which ended in Aug 2025 at $597K.

Buyers had 102 homes to choose from in May 2026, up 10.9% year over year (Redfin). At the current sales pace that standing inventory works out to 4.1 months of supply; convention treats four to six months as a balanced market, which puts South Miami Heights, FL squarely inside it. 23 homes came to market in May 2026, down 17.9% year over year, against 25 closings, up 38.9% year over year. Homes that sold in May 2026 took a median of 61 days to go under contract, 13 days slower than this market's usual May pace.

Competition is measurable in the closings themselves: 16% settled above asking, and the average sale landed at 96% of its final list price. 17% of listings carried a price cut in May 2026.

This page tracks 9 monthly housing series for South Miami Heights, FL — median sale price, inventory (active), median days on market, months of supply, homes sold, new listings, and more — sourced from Redfin, running from Aug 2016 through May 2026. Chart any of them below, switch between levels and year-over-year change, or add nearby Florida markets to compare side by side.