
7300 Wayne Ave Apt 211
Miami Beach, FL 33141
Joel Freis · Compass Florida, LLC
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Compass Real Estate · Miami Beach, FL
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Housing market overview · Updated monthly ·
$720,000median sale price
The median home sale price in Miami Beach, FL is $720,000, up 34.6% year-over-year. Homes sell in an average of 155 days with 1,574 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Miami Beach, FL is currently a buyer's market, based on 9.2 months of supply and homes selling in about 155 days. How we determine this →
Homes sold
172
Last 12 weeks
Days on market
155
Average pace
Active listings
1,574
9.2 months supply
Sale-to-list
93.7%
Below asking
| Metric | Value |
|---|---|
| Median sale price | $720,000 |
| Median list price | $695,000 |
| Year-over-year price change | +34.6% |
| Average days on market | 155 days |
| Active inventory | 1,574 listings |
| Months of supply | 9.2 months |
| Sale-to-list price ratio | 93.7% |
| Median price per sq ft | $667/sq ft |
| Homes sold (latest month) | 172 |
| New listings (latest month) | 245 |
| Listings with a price cut | 16.6% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How the Miami Beach, FL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Condo / Co-op | $572,500 | $609/sq ft | 144 | 158 days |
Source: Redfin · Updated monthly
The Miami Beach housing market is currently classified as a buyer's market with a median sale price of $720,000. Prices have risen 34.6% compared to last year, with homes spending an average of 155 days on market, indicating 9.2 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 7.8x provides context for how home values compare to local earning capacity.
There are currently 1,574 homes listed for sale in Miami Beach, Florida. The median listing price is $695K. Featured listings range from $239,000 to $2,995,000.

Miami Beach, FL 33141
Joel Freis · Compass Florida, LLC

Miami Beach, FL 33141
Carolina Gentina · Avanti Way Brickell

Miami Beach, FL 33139
Celestine Kerina · Luxe Properties

Miami Beach, FL 33141
Carolina Gentina · Avanti Way Brickell

Miami Beach, FL 33139
Michael Porat · Compass Florida, LLC

Miami Beach, FL 33131
Milagritos Loor Baquero · Fortune International Realty

Miami Beach, FL 33139
Piero Ruggeri · COSMORE Florida Corp.

Miami Beach, FL 33139
Rebeca Cruz · Compass Florida, LLC.

Miami Beach, FL 33140
Paula Sanchez · Unique International Properties

Miami Beach, FL 33139
Reid Heidenry · One Sotheby's International Realty

Miami Beach, FL 33109
Lazaro Del Valle Alonso · Rebonus Brokerage LLC

Miami Beach, FL 33139
Hector Silva · Bayview International Realty
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Active listings
1,574
Homes on market
Median list price
$695K
Avg. days on market
155
Days until sale
New this week
245
Newly listed
Population
81,319
Median income
$67,014/yr
Median age
42.4 years
Owner-occupied
38.7%
College grads
51.2%
Avg commute
26.6 min
Source: U.S. Census Bureau ACS
Zillow home value
$524,997
Zillow rent index
$2,978/mo
Price-to-rent ratio
14.7x
Price-to-income
7.8x
Source: Zillow Research
Miami Beach is a community of approximately 81K residents with a median age of 42.4 years.The median household income is $67,014, which represents a working-class community with solid middle-income opportunities. 51.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 38.7%, showing a blend of owner and renter-occupied properties. The average commute time is 26.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Miami Beach offers a balanced lifestyle with accessible home values relative to local income levels.
6 schools tracked · 5,751 students
The largest public schools serving Miami Beach, FL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
MIAMI BEACH SENIOR HIGH SCHOOL
Grades 9-12 · 2,168 students
NORTH BEACH ELEMENTARY SCHOOL
Grades PK-5 · 928 students
MIAMI BEACH NAUTILUS MIDDLE SCHOOL
Grades 6-8 · 863 students
MIAMI BEACH FEINBERG/FISHER K-8
Grades PK-8 · 794 students
BISCAYNE BEACH ELEMENTARY SCHOOL
Grades PK-5 · 538 students
MIAMI BEACH SOUTH POINTE ELEMENTARY SCHOOL
Grades PK-5 · 460 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Want a head-to-head view? Compare Miami Beach side-by-side with any other U.S. city using our market-comparison tool.
For investors evaluating Miami Beach, the price-to-rent ratio of 14.7x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 34.6% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Miami Beach's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Miami Beach's median home price.
The median home sale price in Miami Beach is $720,000, up 34.6% from last year.
Homes typically spend 155 days on market before going under contract.
The median household income is $67,014 per year.
With 9.2 months of supply, Miami Beach is currently a buyer's market.
There are currently 1574 homes listed for sale in Miami Beach, FL.
The Zillow Home Value Index (ZHVI) for Miami Beach is $524,997, representing the typical home value in the area.
The median condo/co-op sale price in Miami Beach, FL is $572,500, based on the latest Redfin data.
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