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Featured local agent — North Miami, FL
Sarah Mitchell
Compass Real Estate · North Miami, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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North Miami, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$430,000median sale price
How is the North Miami, FL housing market right now?
The median home sale price in North Miami, FL is $430,000, down 4.2% year-over-year. Homes sell in an average of 58 days with 323 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 North Miami a buyer's or seller's market?
North Miami, FL is currently a buyer's market, based on 12.0 months of supply and homes selling in about 58 days. How we determine this →
Homes sold
27
Last 12 weeks
Days on market
58
Average pace
Active listings
323
12.0 months supply
Sale-to-list
92.0%
Below asking
What does the North Miami housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $430,000 |
| Median list price | $309,900 |
| Year-over-year price change | -4.2% |
| Average days on market | 58 days |
| Active inventory | 323 listings |
| Months of supply | 12.0 months |
| Sale-to-list price ratio | 92.0% |
| Median price per sq ft | $385/sq ft |
| Homes sold (latest month) | 27 |
| New listings (latest month) | 69 |
| Listings with a price cut | 19.5% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in North Miami by property type?
How the North Miami, 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 | $780,000 | $428/sq ft | 16 | 60 days |
| Condo / Co-op | $252,250 | $257/sq ft | 10 | 56 days |
Source: Redfin · Updated monthly
The North Miami housing market is currently classified as a buyer's market with a median sale price of $430,000. Prices have fallen 4.2% compared to last year, with homes spending an average of 58 days on market, indicating 12.0 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 8.1x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in North Miami
There are currently 323 homes listed for sale in North Miami, Florida. The median listing price is $310K.
Active listings
323
Homes on market
Median list price
$310K
Avg. days on market
58
Days until sale
New this week
69
Newly listed
Who lives in North Miami?
Population
59,429
Median income
$51,909/yr
Median age
37.8 years
Owner-occupied
43.4%
College grads
22.1%
Avg commute
31.3 min
Source: U.S. Census Bureau ACS
What are homes worth in North Miami?
Zillow home value
$420,131
Zillow rent index
$2,336/mo
Price-to-rent ratio
15.0x
Price-to-income
8.1x
Source: Zillow Research
What is it like to live in North Miami?
North Miami is a community of approximately 59K residents with a median age of 37.8 years.The median household income is $51,909, which represents a working-class community with solid middle-income opportunities. 22.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 43.4%, showing a blend of owner and renter-occupied properties. The average commute time is 31.3 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, North Miami offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve North Miami?
10 schools tracked · 7,367 students
The largest public schools serving North Miami, 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.
NORTH MIAMI SENIOR HIGH SCHOOL
Grades 9-12 · 1,722 students
DAVID LAWRENCE JR. K-8 CENTER
Grades PK-8 · 1,276 students
NORTH MIAMI MIDDLE SCHOOL
Grades 6-8 · 797 students
MATER ACADEMY BAY BISCAYNE NORTH MIAMI ELEMENTARY SCHOOL
Grades K-5 · 691 students
W. J. BRYAN ELEMENTARY
Grades PK-5 · 624 students
BENJAMIN FRANKLIN K-8 CENTER
Grades PK-8 · 540 students
MAST@FIU
Grades 9-12 · 469 students
ARCHCREEK ELEMENTARY SCHOOL
Grades PK-5 · 458 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 North Miami, FL?
Want a head-to-head view? Compare North Miami side-by-side with any other U.S. city using our market-comparison tool.
Is North Miami a good real estate investment market?
For investors evaluating North Miami, the price-to-rent ratio of 15.0x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 4.2% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on North Miami's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using North Miami's median home price.
Frequently asked questions
What is the average home price in North Miami?
The median home sale price in North Miami is $430,000, down 4.2% from last year.
How long do homes stay on market in North Miami?
Homes typically spend 58 days on market before going under contract.
What is the median income in North Miami?
The median household income is $51,909 per year.
Is North Miami a buyer's or seller's market?
With 12.0 months of supply, North Miami is currently a buyer's market.
What is the Zillow home value estimate for North Miami?
The Zillow Home Value Index (ZHVI) for North Miami is $420,131, representing the typical home value in the area.
What is the median condo price in North Miami?
The median condo/co-op sale price in North Miami, FL is $252,250, compared to $780,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in North Miami?
The median single-family home price in North Miami, FL is $780,000 (about $428 per square foot).
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