Market Report

Market Report

South Miami, FL

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% of Asking Price
All Property Types
98%
August 2026
4.7%
since
What kind of market is it?
Buyer's Market
Seller Market
10.0 Months of Supply
What's this mean?

Buyer's Market: More than 6 months of inventory based on closed sales

Seller's Market: Less than 3 months of inventory based on closed sales

Neutral's Market: 3-6 months of inventory based on closed sales

Buyer Market
August 2026
61.3%
since
Avg. Days on Market
All Property Types
63 Days
August 2026
0.5%
since
Monthly Inventory
Number of listings on the market at
any point during August of 2026
69 Properties
67 Single Family
0 Land/Farm
24 Condo
August 2026
27.8%
since
South Miami / August 2026 / All Property Types
Monthly Supply of Inventory
Total Homes Sold
All Property Types
6 Homes
August 2026
25%
since
South Miami / August 2026 / All Property Types
Homes Sold By Price Range
New Listings
All Property Types
21 Homes
August 2026
50%
since
South Miami / August 2026 / All Property Types
Homes Listed By Price Range
Homes Sold
All Property Types / Year to Date
82 Homes
Jan 2026 - Aug 2026
13.9%
since
Average Sales Price
All Property Types
$754K Median Price - $705K
August 2026
47.8%
since
Average Price / SqFt
All Property Types
$482 / SqFt
August 2026
20.9%
since

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