Home values in the Media and Entertainment District have shifted notably over the past year. The typical home value is down about 11.37% year over year, now around $452,000. At the same time, values in the broader city of Miami have risen roughly 10.69% to about $725,000, highlighting a different local trend.
Looking at recent activity, February 2026 closed with a median list price near $459,500, but homes are taking longer to move, with a median of 81 days on market, up about 20.9% from last year and sharply higher month over month. Inventory has tightened to about 25 homes, roughly 26.47% lower than a year ago and slightly down from the prior month, while pending sales are off about 37.5% and new listings have fallen around 39.13% year over year.
Price dynamics show sellers receiving a bit less than asking on average, with homes selling for about 96.5% of list and very few closing above list. Projections for March 2026 suggest typical values could edge down toward $391,750, even as the projected median list price holds near $459,750 and inventory hovers around 24 homes, reinforcing the current neutral market balance. In this environment, both buyers and sellers can benefit from Agent Pronto’s help connecting with an agent who understands these shifting numbers and local conditions.
