Real Estate Market Report

Miami Beach Real Estate Market Report — November 2026

Live MLS data for Miami Beach, Florida. Trends, inventory, and sales metrics updated daily.

Updated November 12, 2026 at 4:32 AM EST

What this means in Miami Beach

Strong Buyer's Market

Right now in Miami Beach, there are 2175 homes for sale. Buyers have been closing about 189 homes a month over the last three months. At that pace, it would take about 11.5 months to sell everything currently listed. That is a strong buyer's market. There are more homes for sale than buyers are taking, so buyers usually have more room to negotiate. The typical sold price is $628,841. Among homes that closed, the median sold price was 94.3% of the median list price of those same sales. 3% of those sales closed above their own list price and 89% sold below their own list price. Once a home goes under contract and closes, it has usually been on the market about 87 days. Sold prices over the last three months are up about 10% compared with the three months before that. More homes are coming on the market (414 new in the last 30 days) than are selling each month, so inventory may keep growing. About 8.7% of today's active inventory is selling each month (the absorption rate). Asking prices average about $697 per square foot, while recent sales average about $621 per square foot.

Market Snapshot in Miami Beach, FL

New Listings

Listed in the last 30 days vs the 30 days before

414

+13% vs prior 30 days

Prior 30 days: 366

Active Listings

Currently for sale (active MLS inventory, not pending or sold)

2,175

Under Contract

Active Under Contract + Pending

232

Homes Sold / Month

Average closed sales per month over the previous 3 months

189

-23% vs prior 3 mo

Prior 3 mo: 245

Median Sold Price

Median closed-sale price over the last 12 months (sold, not list)

$629K

+6% YoY

Prior year: $592K

Median Days on Market (Sold)

Median days on market for closed sales over the last 12 months

87days

+7% YoY

Prior year: 81 days

Months of Supply

Active listings ÷ sold/month pace (previous 3 months)

11.5mo.

+29% vs prior 3 mo

Prior 3 mo: 8.9 mo.

Absorption Rate

Percent of active inventory sold each month

8.7%

-22% vs prior 3 mo

Prior 3 mo: 11.2 %

Price Trend

Median sold price, last 3 months vs prior 3 months

$613K

+10% vs prior 3 mo

Prior 3 mo: $558K

Median List Price

Median asking price of current active listings (list, not sold)

$706K

Sale-to-List Ratio

Sold price ÷ original list price for closed sales

94.3%

Sold Above Asking

Share of closed sales that sold above list price

3%

Closed Sales

Number of homes sold in the last 12 months

2,276

+27% YoY

Prior year: 1,796

Dollar Volume

Total sold dollar volume over the last 12 months

$4.9B

+39% YoY

Prior year: $3.5B

Market Trends in Miami Beach, FL

Median sold price

Homes sold per month

Supply vs demand (new listings vs homes sold)

● New listings● Homes sold

Days on market

List $/sq ft vs sold $/sq ft

Median list $/sq ft

$697/sq ft

Sold $/sq ft

$621/sq ft

Computed from live MLS data via the Repliers API · MIAMI + RWorld (Board 175) and MIAMI MLS (Board 177) · updated November 12, 2026 at 4:32 AM EST

Methodology: All figures are computed from live MLS data via the Repliers API for Miami Beach, FL. Active inventory reflects the current count of homes for sale. Sales metrics cover the trailing 12-month period; “prior year” covers the immediately preceding 12-month period for year-over-year comparison. Months of supply = active listings ÷ (closed sales per month). Stats are updated daily.

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