Market Report

Market Report

South Miami, FL

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% of Asking Price
All Property Types
89%
May 2026
10.5%
since
What kind of market is it?
Buyer's Market
Seller Market
12.0 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
May 2026
115.4%
since
Avg. Days on Market
All Property Types
66 Days
May 2026
212.2%
since
Monthly Inventory
Number of listings on the market at
any point during May of 2026
73 Properties
70 Single Family
0 Land/Farm
21 Condo
May 2026
180.8%
since
South Miami / May 2026 / All Property Types
Monthly Supply of Inventory
Total Homes Sold
All Property Types
14 Homes
May 2026
1%
since
South Miami / May 2026 / All Property Types
Homes Sold By Price Range
New Listings
All Property Types
13 Homes
May 2026
225%
since
South Miami / May 2026 / All Property Types
Homes Listed By Price Range
Homes Sold
All Property Types / Year to Date
57 Homes
Jan 2026 - May 2026
1%
since
Average Sales Price
All Property Types
$1.3M Median Price - $923K
May 2026
97.2%
since
Average Price / SqFt
All Property Types
$514 / SqFt
May 2026
7.6%
since

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