South Miami Housing Market Report April 2025•Miami-Dade County, Florida

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Housing Prices in South Miami, FL

How much do homes in South Miami, FL cost?

Housing Market Conditions

Is South 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

South Miami is a Buyer's Market

Difference Since April 2024

At the same time last year, South Miami was a Seller's Market.

Insight

South 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.
$1,100,000$627/SqFt
+$135,000
+14.0%

Based on all homes sold in the last 12 months

Insight

Homes in South Miami have sold for 14% more than they did a year ago.

Summary: The median home sold price in South Miami was $1,100,000 in April 2025, up 14% from last year, and the median price per square foot was $627.

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
Coral Gables
+29.7%
South Miami
+14.0%
Kendall-Palmetto Bay
-1.9%

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.
BedsApr 2024Apr 2025Change YoY
1$310K$325K
+4.8%
2$650K$582.5K
-10.4%
3$987K$1.0M
+3.9%
4$1.3M$1.4M
+5.4%
5$3.2M$2.8M
-10.9%

Summary: South Miami housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes increased by +4.8%. The home price for 2 bedroom homes decreased by -10.4%. The home price for 3 bedroom homes increased by +3.9%. The home price for 4 bedroom homes increased by +5.4%. The home price for 5 bedroom homes decreased by -10.9%.

How does South Miami, FL compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

South Miami, FL

Housing supply in South Miami, FL

How many homes are available in South 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
86Last MonthApr 2025
772 months agoMar 2025
+11.7 %
Change MoMMar – Apr

Summary: The South Miami real estate market had 86 homes for sale in Apr 2025, a 11.7 % increase compared to Mar 2025.

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
9Last MonthApr 2025
92 months agoMar 2025
0.0 %
Change MoMMar – Apr

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.
BedsMar 2025Apr 2025Change MoM
144
0.0%
21011
+10.0%
33538
+8.6%
41216
+33.3%
51617
+6.3%

Summary: South Miami housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +10.0%. The inventory for 3 bedroom homes increased by +8.6%. The inventory for 4 bedroom homes increased by +33.3%. The inventory for 5 bedroom homes increased by +6.3%.

Asking Price vs. Sold Price

How much do homes in South 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 Price1 Home

At Asking Price0 Home

Under Asking Price8 Homes

Insight

If you're buying a home in South Miami, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in South Miami in April 2025, the same as the previous month. Of the 9 sold homes, 89% were sold under asking, 0% were sold at asking, and and 11% were sold over asking.

Days on Market for South Miami, FL

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

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days3 Homes

Over 90 Days3 Homes

Insight

Many homes in South Miami are selling fast, if you're buying plan to act quickly.

Summary: During April 2025, 9 homes were sold in South Miami; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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
91 DaysThis YearApr 2025
42 Days1 year agoApr 2024
+113.0 %
Change YoYApr 2024 – Apr 2025

Summary: Homes in South Miami had an average listing age of 91 days in Apr 2025, up by 113.0% compared to the previous year.

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Newest Listings in South Miami, FL

What homes are available in South Miami, FL?

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Nearby markets

Popular Cities with Homes for Sale in Florida

MLS Disclaimers and Copyright

Based on information from Miami MLS, for the period 05/01/2023 - 05/01/2025

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: 5/21/2025, 4:20:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.