MIAMI LUXHomes

Miami Real Estate Guide

Miami is the market that contains multitudes — Brickell's banking towers, the Grove's canopy, Edgewater's bayfront wall, Coconut Grove sailboats and Little Havana cafecito windows, all inside one city limit. Buyers here choose a neighborhood first and a floor plan second, because each district prices and lives differently.

Miami Market Snapshot

These numbers come from sales and leases that actually closed in Miamiduring the past year, not from asking prices, and they update as new closings are recorded.

10,343
Homes sold, last 12 months
$570K
Median sale price
$397
Median price per sqft
52 days
Median time on market
21,674
Leases signed, last 12 months
$2,800/mo
Median rent achieved
$3
Median rent per sqft
41 days
Median time to lease
Homes Sold per Month
920Oct735Nov933Dec659Jan771Feb1,030Mar989Apr978May990Jun902Jul852Aug584Sep
Median Sale Price per Month
$599K$545KOctNovDecJanFebMarAprMayJunJulAugSep
What Each Bedroom Count Sells For
BedroomsSalesMedian price
Studio93$340,000
1 bd1,222$340,000
2 bd2,582$410,000
3 bd3,609$570,000
4 bd2,075$750,000
5+ bd762$1,237,500
Closed Sales by Home Type
TypeSalesMedian price
Single Family Residence5,326$690,000
Condominium3,805$385,000
Townhouse1,067$475,000
Villa73$425,000
Stock Cooperative42$68,500
Month-by-Month Sale Prices
MonthHomes soldMedian price
Oct 2025920$565,000
Nov 2025735$570,000
Dec 2025933$545,000
Jan 2026659$575,000
Feb 2026771$580,000
Mar 20261,030$599,450
Apr 2026989$570,000
May 2026978$560,000
Jun 2026990$589,500
Jul 2026902$560,000
Aug 2026852$560,000
Sep 2026584$582,500
Typical Rent by Bedroom Count
BedroomsLeasesMedian rent
Studio1,027$2,000/mo
1 bd6,627$2,325/mo
2 bd7,947$2,600/mo
3 bd4,451$3,200/mo
4 bd1,333$4,100/mo
5+ bd289$6,000/mo

Living in Miami

Miami the city is a different proposition from Miami the region: roughly half a million residents inside limits that run from the Little River down through Edgewater, Wynwood, Downtown and Brickell to Coconut Grove, wrapped around the deepest urban skyline in the American South. It is the hemisphere's business bridge to Latin America, and that shows in the housing market — Brickell trades like a global financial district, Coconut Grove like a leafy village, and the neighborhoods between them cycle through waves of reinvention. What holds it together is water: Biscayne Bay fronts nearly the whole eastern edge, and bay proximity remains the most reliable dividing line in Miami pricing.

Day to day, the city rewards people who choose their neighborhood deliberately. Brickell and Downtown deliver walk-to-work vertical living with restaurants and Metromover underneath; Wynwood and the Design District trade in galleries, showrooms and new mid-rise rentals; the Grove offers canopy streets, sailing clubs and the city's best public-private school cluster; the Upper Eastside's MiMo district keeps single-family scale minutes from the urban core. The trade-offs are real — traffic, insurance costs and stretched public infrastructure — but no other Florida city pairs this much urban energy with this much waterfront.

Miami Neighborhoods & Housing Stock

Brickell holds the densest condo inventory in Florida — from workhorse 2000s towers to Brickell Key's gated island and a supertall pipeline that keeps adding branded product. Edgewater has become the bay-front condo alternative, a wall of glass along Biscayne Bay from Aria Reserve to Missoni Baia, while Downtown and the Miami Worldcenter district supply newer, amenity-heavy buildings at friendlier entry prices. Midtown and Wynwood carry the loft-and-mid-rise energy, and the Upper Eastside's Belle Meade and Morningside hide gated single-family enclaves off Biscayne Boulevard.

The single-family market concentrates south and west: Coconut Grove's ridge streets and gated Camp Biscayne, the estate corridors off Old Cutler heading toward Coral Gables, Shenandoah and Coral Way's 1920s Mediterranean blocks, and the bungalow belts of Silver Bluff and the Roads. Waterfront single-family inside city limits — the Grove's bayfront, Belle Meade Island, the Venetian and San Marco islands — is scarce and trades at a permanent premium. Buyers priced out of the Gables or the Beach often find the city of Miami still offers the region's widest spread between entry condos and nine-figure trophy sales.

Location & Getting Around

Miami is the region's hub, which means residents commute against traffic more often than with it. Metrorail links Brickell, Downtown, the Health District and Dadeland; the free Metromover loops the urban core; and Brightline runs from MiamiCentral to Fort Lauderdale, Boca, West Palm and Orlando. Miami International Airport sits ten to twenty minutes from most city neighborhoods, PortMiami feeds the cruise economy from Dodge Island, and the Rickenbacker Causeway puts Key Biscayne's beaches fifteen minutes from Brickell. The practical rule for buyers: pick the neighborhood that matches your daily geography, because crossing the city at rush hour is the one luxury Miami cannot sell you.

Buying a Home in Miami

Buying in Miami starts with understanding what drives its market: Brickell's skyline, bayfront neighborhoods and Miami's deepest condo inventory. Benchmark the segment you're shopping with the bedroom and property-type tables above, then open the live map search to see everything currently available — every listing links straight to full photos, details and an inquiry line to a licensed Florida broker.

Financed purchases in South Florida typically close in 30–45 days, while cash can close in as little as two weeks. Condo purchases usually add an association-approval step, and properties near the water carry insurance considerations worth pricing before you offer — both are routine in Miami transactions when planned early.

Renting in Miami

Rentals move faster than sales — well-priced Miami units are often signed within weeks, and most annual leases require first month, last month and a security deposit up front. The rent tables above show what tenants actually committed to by bedroom count over the last year; the live rental search shows every home and condo currently offered.

Featured Listings in Miami

See every home for sale →

Weekends in Miami: Sights & Outings

Vizcaya Museum & Gardens

James Deering's 1916 bayfront villa in Coconut Grove — Miami's grandest Gilded Age estate, with formal gardens and a stone barge breakwater that anchors every list of the city's landmarks.

Pérez Art Museum Miami (PAMM)

Herzog & de Meuron's hanging-garden museum on Biscayne Bay, the anchor of Museum Park alongside the Frost Science Museum.

Wynwood Walls

The open-air street-art museum that turned a warehouse district into one of the world's best-known arts neighborhoods, surrounded by galleries, breweries and murals on every block.

Kaseya Center & Bayfront Park

The Miami Heat's bayfront arena and the downtown park beside it — New Year's fireworks, concerts on the water and the start of the Baywalk.

Miami Design District

A luxury-retail and design quarter — Hermès to Off-White — laced with public art, the de la Cruz-caliber private collections and Michelin-level dining.

Coconut Grove & Peacock Park

The city's oldest neighborhood: sailboats at Dinner Key, the CocoWalk village core and a bayfront park chain beloved by families.

Little Havana & Calle Ocho

Cuban Miami's main street — Domino Park, cigar rollers, Viernes Culturales and the pastelito counters that fuel the city.

Frost Museum of Science

A three-level aquarium gulf stream tank, planetarium and hands-on science museum on the Museum Park waterfront.

Brickell City Centre

The shopping-and-dining heart of the financial district under its climate ribbon — the after-work living room of condo Brickell.

Dining in Miami

Joe's Stone Crab (nearby)

The century-old institution across the causeway in South Beach — every Miamian's special-occasion default from October to May.

Versailles

The world's most famous Cuban restaurant, on Calle Ocho since 1971 — ropa vieja, cafecito ventanita and Miami politics in one room.

Zuma

Izakaya-style Japanese on the Miami River's downtown bank — the power lunch of Brickell.

Cote Miami

The Michelin-starred Korean steakhouse that headlines the Design District's dining row.

Boia De

A tiny, Michelin-starred Italian tucked into Buena Vista — one of the hardest reservations in the city.

Mandolin Aegean Bistro

A whitewashed Greek-Turkish garden in Buena Vista that feels airlifted from the islands.

Garcia's Seafood Grille

A working fish house on the Miami River — grouper sandwiches on the dock where the boats tie up.

GreenStreet Café

Coconut Grove's sidewalk institution — the Grove's unofficial town square at brunch.

Schools in Miami

Coconut Grove Elementary & Coral Way K-8
Public

Two of the city's most sought-after public programs — Coral Way is the country's oldest bilingual public school.

Design & Architecture Senior High (DASH)
Public

The Design District magnet routinely ranked among the top public high schools in the nation.

MAST Academy
Public

The maritime-science magnet on Virginia Key, a perennial top-of-state performer.

New World School of the Arts
Public

Downtown's audition-based arts conservatory high school.

iPrep Academy
Public

The downtown innovation magnet cluster serving K-12.

Ransom Everglades School
Private

The bayfront Coconut Grove independent school — one of Florida's most selective PK-12 programs.

Carrollton School of the Sacred Heart
Private

The all-girls Sacred Heart school on the Grove's bayfront, El Jardin estate included.

Immaculata-La Salle High School
Private

The Catholic high school on Biscayne Bay in the Grove.

Miami Dade College & FIU
Higher Ed

MDC's Wolfson campus anchors downtown; FIU's health and business programs pull the city's workforce westward.

School attendance boundaries change — always verify a specific address's assigned schools with Miami-Dade County Public Schools (or the relevant district) and confirm private-school admissions directly before relying on them in a purchase decision.

Condo Neighborhoods in Miami

Brickell condos
Brickell

Brickell is Miami's financial district and its densest condo market — a bayfront grid of residential towers running from the Miami River south along Brickell Avenue. From Ugo Colombo's Bristol Tower and Santa Maria, which defined the neighborhood's luxury era in the 1990s, to Brickell City Centre, Una and the supertall generation, these are the buildings that make up the skyline.

Explore Brickell condos →
Brickell Key condos
Brickell Key

Brickell Key is a 44-acre private island off Brickell — Claughton Island, master-planned by Swire Properties — reached by a single bridge and ringed by a bayfront walking path. Its eleven condo towers, from 1982's Brickell Key One to the ultra-luxury Asia, offer something the mainland can't: water on every side, no through traffic, and a resort quiet five minutes from the financial district.

Explore Brickell Key condos →
Downtown Miami condos
Downtown Miami

Downtown Miami is the city's resurgent urban core — the bayfront corridor from the Miami River to Museum Park, where Biscayne Boulevard's 2000s towers face Bayfront Park and the Kaseya Center, Miami Worldcenter rises over the Brightline's MiamiCentral station, and landmarks like Zaha Hadid's One Thousand Museum and the Aston Martin Residences bookend the skyline. It is also Miami's capital of flexible ownership, home to the short-term-rental-friendly Elser, Natiivo and YotelPad.

Explore Downtown Miami condos →
Coconut Grove condos
Coconut Grove

Coconut Grove is Miami's oldest neighborhood — a canopy-shaded village on the bluffs above Biscayne Bay, wrapped around the sailboat moorings of Dinner Key and a walkable center of cafes, galleries and CocoWalk. Its condos line South Bayshore Drive from 1980s classics like Grove Isle and Grove Towers to the architectural wave that remade the waterfront: Grove at Grand Bay's twisting towers, the OMA-designed Park Grove collection, Mr. C, and Vita on the Grove's private island.

Explore Coconut Grove condos →
Edgewater condos
Edgewater

Edgewater is Miami's fastest-transforming bayfront — the strip between the Venetian Causeway and 36th Street where a wall of glass towers now faces Biscayne Bay across Margaret Pace Park. The 2000s pioneers (Opera Tower, Quantum, 1800 Club) have been joined by the Related Group's four-tower Paraiso district, Biscayne Beach's urban beach club, Missoni Baia, Elysee and Aria Reserve — with Wynwood, Midtown and the Design District a few blocks inland.

Explore Edgewater condos →

Miami Real Estate FAQ

Is Miami a good place to buy a home?

Miami is known for Brickell's skyline, bayfront neighborhoods and Miami's deepest condo inventory, and that identity anchors long-term demand. Judge the market by the numbers on this page — actual closed sales, the median sale price, and how long homes took to sell over the trailing twelve months.

What is the median home price in Miami?

The market snapshot above shows the current 12-month median sale price for Miami, along with price per square foot and medians broken out by bedroom count and property type — all computed from closed MLS sales, refreshed continuously rather than quoted from stale reports.

Should I buy a condo or a house in Miami?

The property-type table above shows how Miami sales split between condos, single-family homes and townhomes, and what each segment's median ran over the last year. Condos add monthly association dues and a board-approval step; houses carry their own insurance and maintenance. Every property type has its own live search page linked below.

How do I see every home for sale in Miami?

Use the Miami map search — every active MLS listing in the city, updated continuously, with the city boundary drawn on the map and filters for property type, bedrooms and price.

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