The typical home value in
Miami
is projected to be
$581,750
for the month of
August.
July’s
finalized data reported the typical value of a home in the
city
to be
$597,000—down
2.93%
over the previous 12 months.
For comparison,
county-level
data pegged home values at
$553,750
in
Miami-Dade County
for the most recent reporting period.
That number is expected to float around
$543,130
in
August.
Miami
had
635
new listings and
407
listings that went under contract in
July,
decreasing
the area’s total available inventory to
4,025—down
6.46%
from the previous month. Inventory is projected to have further
decreased
in
August.
Of those
4,025
active listings,
17.34%
reduced their price in the month of
July.
The median listing price for homes in
Miami
grew
3.56%
from
June
to
July,
bringing the current median listing price to
$699,000.
Based on projected data for
August,
listing prices may continue to
grow.
The number of days that homes have been on the market prior to going under contract
has been fairly steady
year-over-year. In
July 2025,
the median time for a listed property to go pending was
92
days, compared to
94
days in
July 2024.
However, in recent months the median number of days from listed to pending appears to be
rising.
That trend is predicted to have carried through to this
August.
