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Featured local agent — South Miami, FL
Sarah Mitchell
Compass Real Estate · South Miami, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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South Miami, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$760,000median sale price
How is the South Miami, FL housing market right now?
The median home sale price in South Miami, FL is $760,000, down 30.9% year-over-year. Homes sell in an average of 58 days with 52 active listings. The market is currently a leaning buyer's. (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 South Miami a buyer's or seller's market?
South Miami, FL is currently a leaning buyer's, based on 3.3 months of supply and homes selling in about 58 days. How we determine this →
Homes sold
16
Last 12 weeks
Days on market
58
Average pace
Active listings
52
3.3 months supply
Sale-to-list
94.7%
Below asking
What does the South Miami housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $760,000 |
| Median list price | $999,000 |
| Year-over-year price change | -30.9% |
| Average days on market | 58 days |
| Active inventory | 52 listings |
| Months of supply | 3.3 months |
| Sale-to-list price ratio | 94.7% |
| Median price per sq ft | $446/sq ft |
| Homes sold (latest month) | 16 |
| New listings (latest month) | 15 |
| Listings with a price cut | 25.0% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in South Miami by property type?
How the South 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 | $922,500 | $652/sq ft | 12 | 51 days |
| Condo / Co-op | $356,000 | $370/sq ft | 4 | 122 days |
| Townhouse | $215,000 | $222/sq ft | 1 | 105 days |
Source: Redfin · Updated monthly
The South Miami housing market is currently classified as a leaning buyer's with a median sale price of $760,000. Prices have fallen 30.9% compared to last year, with homes spending an average of 58 days on market, indicating 3.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in South Miami
There are currently 52 homes listed for sale in South Miami, Florida. The median listing price is $999K.
Active listings
52
Homes on market
Median list price
$999K
Avg. days on market
58
Days until sale
New this week
15
Newly listed
Who lives in South Miami?
Population
11,926
Median income
$88,313/yr
Median age
39.9 years
Owner-occupied
59.4%
College grads
55.2%
Avg commute
32 min
Source: U.S. Census Bureau ACS
What is it like to live in South Miami?
South Miami is a community of approximately 12K residents with a median age of 39.9 years.The median household income is $88,313, which reflects a relatively affluent area with strong earning potential. 55.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 59.4%, showing a blend of owner and renter-occupied properties. The average commute time is 32 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, South Miami offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve South Miami?
5 schools tracked · 2,197 students
The largest public schools serving South 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.
SOUTH MIAMI MIDDLE SCHOOL
Grades 6-8 · 691 students
SOUTH MIAMI K-8 CENTER
Grades PK-8 · 549 students
SOMERSET ACADEMY ELEMENTARY SCHOOL (SOUTH MIAMI CAMPUS)
Grades K-5 · 504 students
LUDLAM ELEMENTARY SCHOOL
Grades PK-5 · 271 students
SOMERSET ACADEMY CHARTER MIDDLE SCHOOL (SOUTH MIAMI CAMPUS)
Grades 6-8 · 182 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 South Miami, FL?
Want a head-to-head view? Compare South Miami side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in South Miami?
The median home sale price in South Miami is $760,000, down 30.9% from last year.
How long do homes stay on market in South Miami?
Homes typically spend 58 days on market before going under contract.
What is the median income in South Miami?
The median household income is $88,313 per year.
Is South Miami a buyer's or seller's market?
With 3.3 months of supply, South Miami is currently a leaning buyer's.
What is the median condo price in South Miami?
The median condo/co-op sale price in South Miami, FL is $356,000, compared to $922,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in South Miami?
The median single-family home price in South Miami, FL is $922,500 (about $652 per square foot).
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