Miami Housing Market Report January 2025•Miami-Dade County, Florida

hero building illustration for mobile

Housing Prices in Miami, FL

How much do homes in Miami, FL cost?

Housing Market Conditions

Is Miami, FL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Miami is a Buyer's Market

Difference Since January 2024

At the same time last year, Miami was a Neutral Market.

Insight

Miami is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$574,895$393/SqFt
+$43,187
+8.1%

Based on all homes sold in the last 12 months

Insight

Homes in Miami have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in Miami was $574,895 in January 2025, up 8.1% from last year, and the median price per square foot was $393.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Miami Shores
+24.2%
Coral Gables
+15.9%
Miami
+8.1%
North Westside
+4.9%
El Portal
-4.1%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$380K$354.3K
-6.8%
2$422.7K$426.9K
+1.0%
3$537.3K$585K
+8.9%
4$679K$736.3K
+8.4%
5$995K$1.0M
+9.7%

Summary: Miami housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -6.8%. The home price for 2 bedroom homes increased by +1.0%. The home price for 3 bedroom homes increased by +8.9%. The home price for 4 bedroom homes increased by +8.4%. The home price for 5 bedroom homes increased by +9.7%.

Housing supply in Miami, FL

How many homes are available in Miami, FL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
8,543Last MonthJan 2025
7,4422 months agoDec 2024
+14.8 %
Change MoMDec – Jan

Summary: The Miami real estate market had 8,543 homes for sale in Jan 2025, a 14.8 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
530Last MonthJan 2025
8422 months agoDec 2024
-37.1 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
11,3331,544
+15.8%
22,3932,774
+15.9%
31,9592,235
+14.1%
41,1641,304
+12.0%
5593686
+15.7%

Summary: Miami housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +15.8%. The inventory for 2 bedroom homes increased by +15.9%. The inventory for 3 bedroom homes increased by +14.1%. The inventory for 4 bedroom homes increased by +12.0%. The inventory for 5 bedroom homes increased by +15.7%.

Asking Price vs. Sold Price

How much do homes in Miami, FL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price31 Homes

At Asking Price74 Homes

Under Asking Price425 Homes

Insight

If you're buying a home in Miami, you may be able to get a good deal. 80.2% of homes here sold below asking price last month.

Summary: A total of 530 homes were sold or pending in Miami in January 2025, down by 37.1% month-over-month. Of the 530 sold homes, 80% were sold under asking, 14% were sold at asking, and and 6% were sold over asking.

Days on Market for Miami, FL

How long does it take to sell a home in Miami, FL?

Breakdown of Home Sale Times

Under 30 Days160 Homes

30 – 90 Days213 Homes

Over 90 Days157 Homes

Insight

Avg time on Rocket Homes in Miami has remained consistent over time.

Summary: During January 2025, 530 homes were sold in Miami; 30% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
76 DaysThis YearJan 2025
56 Days1 year agoJan 2024
+36.2 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Miami had an average listing age of 76 days in Jan 2025, up by 36.2% compared to the previous year.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in Miami, FL

What homes are available in Miami, FL?

See More Listings

Nearby markets

Popular Cities with Homes for Sale in Florida

MLS Disclaimers and Copyright

Based on information from Miami MLS, Beaches MLS, Stellar MLS, Florida Gulf Coast MLS, and realMLS for the period 02/01/2023 - 02/01/2025

IDX © 2025 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/20/2025, 8:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXAll listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2025 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/20/2025, 8:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/20/2025, 8:19:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/20/2025, 8:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright © 2025 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by other brokerage firms are marked with the listing broker's name and detailed information about such listings. Data provided is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/20/2025, 8:20:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.