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Featured local agent — Miami Shores, FL
Sarah Mitchell
Compass Real Estate · Miami Shores, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Miami Shores, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.40Mmedian sale price
How is the Miami Shores, FL housing market right now?
The median home sale price in Miami Shores, FL is $1.40M, up 20.7% year-over-year. Homes sell in an average of 111 days with 67 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.)
Is Miami Shores a buyer's or seller's market?
Miami Shores, FL is currently a buyer's market, based on 5.6 months of supply and homes selling in about 111 days. How we determine this →
Homes sold
12
Last 12 weeks
Days on market
111
Average pace
Active listings
67
5.6 months supply
Sale-to-list
95.7%
Below asking
What does the Miami Shores housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.40M |
| Median list price | $1.20M |
| Year-over-year price change | +20.7% |
| Average days on market | 111 days |
| Active inventory | 67 listings |
| Months of supply | 5.6 months |
| Sale-to-list price ratio | 95.7% |
| Median price per sq ft | $782/sq ft |
| Homes sold (latest month) | 12 |
| New listings (latest month) | 18 |
| Listings with a price cut | 19.4% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Miami Shores by property type?
How the Miami Shores, FL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.60M | $799/sq ft | 11 | 97 days |
| Townhouse | $415,000 | $275/sq ft | 1 | 154 days |
Source: Redfin · Updated monthly
The Miami Shores housing market is currently classified as a buyer's market with a median sale price of $1.40M. Prices have risen 20.7% compared to last year, with homes spending an average of 111 days on market, indicating 5.6 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 5.4x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Miami Shores
There are currently 67 homes listed for sale in Miami Shores, Florida. The median listing price is $1.2M.
Active listings
67
Homes on market
Median list price
$1.2M
Avg. days on market
111
Days until sale
New this week
18
Newly listed
Who lives in Miami Shores?
Population
11,627
Median income
$137,873/yr
Median age
37.7 years
Owner-occupied
86.7%
College grads
64.7%
Avg commute
26.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Miami Shores?
Zillow home value
$739,736
Zillow rent index
$3,500/mo
Price-to-rent ratio
17.6x
Price-to-income
5.4x
Source: Zillow Research
What is it like to live in Miami Shores?
Miami Shores is a community of approximately 12K residents with a median age of 37.7 years.The median household income is $137,873, which reflects a relatively affluent area with strong earning potential. 64.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 86.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Miami Shores offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Miami Shores?
2 schools tracked · 1,166 students
The largest public schools serving Miami Shores, 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.
DOCTORS CHARTER SCHOOL OF MIAMI SHORES
Grades 6-12 · 590 students
MIAMI SHORES ELEMENTARY SCHOOL
Grades PK-5 · 576 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Miami Shores, FL?
Want a head-to-head view? Compare Miami Shores side-by-side with any other U.S. city using our market-comparison tool.
Is Miami Shores a good real estate investment market?
For investors evaluating Miami Shores, the price-to-rent ratio of 17.6x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 20.7% 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 Shores's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Miami Shores's median home price.
Frequently asked questions
What is the average home price in Miami Shores?
The median home sale price in Miami Shores is $1.40M, up 20.7% from last year.
How long do homes stay on market in Miami Shores?
Homes typically spend 111 days on market before going under contract.
What is the median income in Miami Shores?
The median household income is $137,873 per year.
Is Miami Shores a buyer's or seller's market?
With 5.6 months of supply, Miami Shores is currently a buyer's market.
What is the Zillow home value estimate for Miami Shores?
The Zillow Home Value Index (ZHVI) for Miami Shores is $739,736, representing the typical home value in the area.
How much does a single-family home cost in Miami Shores?
The median single-family home price in Miami Shores, FL is $1.60M (about $799 per square foot).
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