Miami Market Reports

Comprehensive analysis and insights into Miami's condominium market. Stay informed with our detailed quarterly reports, monthly updates, and special market studies.

4
Total Reports
9
Neighborhoods
0
Monthly Reports
Q4 2024
Latest Period

Current Market Overview

Key metrics for Miami's condominium market

Total Sales

2847
+8.2%vs Q4 2024

Total condominium sales in Miami-Dade County

Average Sale Price

$687,500
+3.7%vs Q4 2024

Average condominium sale price across all neighborhoods

Median Sale Price

$495,000
+5.2%vs Q4 2024

Median condominium sale price across all neighborhoods

Average Days on Market

47
-12.8%vs Q4 2024

Average time properties spend on the market before sale

Active Inventory

4892
-8.5%vs Q4 2024

Total number of active condominium listings

Price per Square Foot

$425
+6.2%vs Q4 2024

Average price per square foot for condominiums

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Neighborhood Performance

NeighborhoodSales VolumeAvg PricePrice ChangeMarket Status
Brickell
486$925,000+8.5%seller market
Downtown Miami
392$785,000+5.7%balanced market
South Beach
324$1,250,000+12.3%seller market
Aventura
289$625,000+2.1%balanced market
Coconut Grove
218$695,000+3.2%seller market
Wynwood
167$485,000+15.8%seller market

Property Type Analysis

condo

2145
Sales Volume
$625,000
Average Price
+6.8%
Price Change
42d
Avg DOM

townhouse

342
Sales Volume
$895,000
Average Price
+4.2%
Price Change
51d
Avg DOM

penthouse

189
Sales Volume
$1,850,000
Average Price
+8.5%
Price Change
68d
Avg DOM

single family

171
Sales Volume
$1,250,000
Average Price
+3.9%
Price Change
73d
Avg DOM

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Miami Real Estate Market Reports | REHUB Miami