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Miami / Fort Lauderdale, FL housing market

Miami / Fort Lauderdale, FL median sale price $650K (Miami only) in Sep 2026, up 4.8% year over year.

The median sale price in Miami / Fort Lauderdale, FL is $650K as of Sep 2026, up 4.8% from a year earlier. Miami only. Our metro figure needs every county in the metro, and our closed-sale source is missing one. The gain is larger than in most of the 193 U.S. metros Pecan Street ranks on this measure. FHFA's repeat-sales index for the metro shows a smaller change, up 1.3% through Q2 2026, 3.5 points apart; Price reconciliation below shows both.

Miami / Fort Lauderdale has the highest median sale price of the 11 Florida metros Pecan Street tracks ($650K), ahead of Naples ($604K). On median days on market, Miami / Fort Lauderdale (85 days) ranks 4th of the 11 Florida metros, between Sarasota / Bradenton (88 days) and Lakeland (80 days). On share of listings with a price cut, Miami / Fort Lauderdale (22%) ranks 10th of the 11 Florida metros, between Fort Myers / Cape Coral (29%) and Naples (18%).

Listings spent a median 85 days on market in Sep 2026, the 10th-most of the 195 metros. 22% of active listings carry a price cut, 2.3 points fewer than a year earlier. That share is the 9th-lowest of the 195 metros. Building permits authorized 1,359 new housing units in Aug 2026.

At the 7.38% 30-year fixed rate with 20% down, principal and interest on a median-priced home come to $3,591 a month; at 28% of gross income, that takes about $154K a year. The median sale price equals about 17 years of HUD Fair Market Rent, a ratio unchanged from a year earlier. That ratio is higher than in most of the 193 metros. Active listings ask a median $355 per square foot, down 0.7% from a year earlier.

In 11 of the 12 ZIP codes in the table below, median list prices are lower than a year earlier; one is higher.

Headline

Median sale price

Sep 2026 · Miami only

$650K

+4.8% year-over-year

How it’s calculated

Rolling 3-month median sale price vs. same 3 months one year prior.

Mortgage rate

Oct 14, 2026

7.38%

30-year fixed

Where it comes from

National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.

The same rate appears on every market page.

Monthly payment

Principal & interest

$3,591/mo

$154K/yr income needed

How it’s calculated

Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.

Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.

How Miami / Fort Lauderdale compares to other U.S. metros

Price cuts	↓187th of 195
Days on market	↑10th of 195 (top 6%)
Home-price growth	↑41st of 193 (top 22%)
Price-to-rent	↑72nd of 193 (top 38%)

Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.

Affordability

Price-to-rent ratio	≈ 17 0.0% YoY ↑72nd of 193 (top 38%)
Asking price / sq ft	$355 -0.7% YoY

Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Sep 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.

Market pressure

Listings with a price cut	≈ 22% -2.3 pts YoY ↓187th of 195
New housing units permitted	1,359

Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Sep 2026. New housing units authorized by residential building permits in the metro that month — new supply in the pipeline, which counts of existing listings don't capture (US Census Bureau, Building Permits Survey), as of Aug 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.

Market facts

ZIPs with listing data	12 shown of 182
MLS board of record	MIAMI Association of REALTORS
Price methodology	Redfin vs FHFA HPI
Data as of	Sep 2026

Recent signals

Strength 4 / 5

7.4 mo

Doral supply now 7.4 months — buyer's market

Six-plus months of supply in Doral — this is a buyer's market by the textbook definition.

Price reconciliation

amber · 3.5pp

Redfin (city)

+4.8%

FHFA HPI · Q2 2026

+1.3%

Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.

Market dispatches

Citable market dispatches for Miami / Fort Lauderdale → Latest dispatch: Jul 10, 2026.

More markets in FL

Daytona Beach Fort Myers / Cape Coral Jacksonville Lakeland Melbourne / Palm Bay Naples Orlando Pensacola Sarasota / Bradenton Tampa / St. Petersburg

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ZIP-level data

ZIP	Median list price	Active listings	New listings	Price reductions	Days on market	Home value
33009	$320K↓	1,080↓	156↑	170↓	104↓	$277K↓
33019	$570K↓	645↓	96↓	122↓	101↓	$502K↓
33062	$549K↑	605↓	136↑	120↓	96↓	$476K↓
33130	$617K↓	546↑	68↑	78↑	102↑	$515K↓
33131	$771K↓	852↓	104↑	108↓	107↓	$588K↓
33132	$627K↓	823↑	114↑	98↓	95↓	$515K↓
33137	$778K↓	577↓	94↓	68↓	98↑	$681K↑
33139	$499K↓	926↓	152↓	114↓	102↓	$468K↑
33141	$554K↓	578↓	110↑	94↓	92↓	$425K↑
33160	$600K↓	1,664↓	230↑	220↓	115↓	$521K↓
33180	$496K↓	876↓	116↓	108↓	107↓	$459K↓
33319	$149K↓	619↓	96↓	120↓	113↓	$194K↓

ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.