Updated October 19, 2026 · Julian Acosta, Compass

Miami · Q3 2026 · Data as of October 19, 2026

Miami Market Reports

Reviewed October 18, 2026, by Julian Acosta · next update: the federal index for Q3 2026, November 24, 2026

Miami home price index · Q2 2026 · Federal Housing Finance Agency

666.21▲ 1.3% vs Q2 2025

The Federal Housing Finance Agency's house price index for the Miami-Miami Beach-Kendall metropolitan division was 666.21 in the second quarter of 2026, against 657.88 in the second quarter of 2025, 1.3% higher, according to the agency's all-transactions index, on which the first quarter of 1995 is 100. The year's change, 8.33 points, is smaller than the index's 95% margin of error for the two quarters, about 14 points.

Coral Gables $2,200,000$540,000
Pinecrest $2,725,000$260,000
Key Biscayne $4,537,500$1,400,000
South Miami $1,560,000$350,000
Coconut Grove $2,850,000$1,471,095
High Pines $4,950,000$389,000
Ponce-Davis $12,827,000none sold
Brickell $2,900,000$625,000
Miami Beach $4,200,000$499,000
Median price: lowerhigher

Coral Gables$2,200,000$540,000 Pinecrest$2,725,000$260,000 Key Biscayne$4,537,500$1,400,000 South Miami$1,560,000$350,000 Coconut Grove$2,850,000$1,471,095 High Pines$4,950,000$389,000 Ponce-Davis$12,827,000none sold Brickell$2,900,000$625,000 Miami Beach$4,200,000$499,000

MIAMI REALTORS® MLS closed sales, 12 months to September 30, 2026. Each market's figures are its report's. Outlines: Miami-Dade County GIS (coastline, parcels) and the City of Miami (neighborhoods), read October 21, 2026.

Choose a market on the map to open its report.

LIVE On the market now: 983 homes at $2,000,000 and up across these markets · AS OF November 1, 2026

Key takeaways

Single-family medians were higher than in Q3 2025 in all five markets here with 15 or more house sales, from $1,755,000 in South Miami to $3,300,000 in Miami Beach.
Condominium medians were higher than in Q3 2025 in all six markets here with 15 or more condominium sales, from $375,000 in South Miami to $1,700,000 in Coconut Grove.
Miami's federal home price index was 1.3% higher in Q2 2026 than a year earlier, within its margin of error (Federal Housing Finance Agency, Miami-Miami Beach-Kendall).

Where the Miami market is heading

Over the 12 months to September 2026, house medians were higher than a year earlier in 6 of the 7 markets here with 15 or more house sales on each side; Coral Gables' was the same.
Condominium medians were higher in 4 of the 6 such markets, and lower in Coral Gables and Brickell.
The federal index rose 19.6% over the three years to Q2 2026, and 1.3% in the last of them.

These are the figures to date, not a forecast.

What is my home worth?→Talk to Julian Acosta →

If you're selling in Miami

How close to asking: In Q3 2026, the typical sale closed at 96.5% of its last asking price in South Miami and at 94.0% in Miami Beach, the highest and lowest among markets with 15 or more sales.
How long it takes: A Pinecrest home sold in a median of 41 days in Q3 2026, the fastest here; a Brickell home took 91, the slowest.

If you're buying in Miami

Room to negotiate: In Q3 2026, 87 of 424 Miami Beach sales closed more than 10% under their last asking price, the largest share here; in Pinecrest, 4 of 65.
How fast homes go: Across the areas these reports cover, 1,058 homes closed in Q3 2026, against 1,031 in Q3 2025.

Miami Market Statistics

Miami home price index. 1.3% higher in Q2 2026 than a year earlier (666.21 against 657.88), within the index's margin of error · Federal Housing Finance Agency, Miami-Miami Beach-Kendall · Q3 2026 published November 24, 2026.
Single-family prices. Medians higher than in Q3 2025 in all five markets with 15 or more house sales: Coral Gables, Pinecrest, South Miami, Coconut Grove and Miami Beach.
Condominium prices. Medians higher than in Q3 2025 in all six markets with 15 or more condominium sales: Coral Gables, South Miami, Coconut Grove, Brickell, Key Biscayne and Miami Beach.
Most homes sold. Miami Beach: 424 closed sales in Q3 2026, 358 of them condominiums (410 in Q3 2025).
Time on market. Pinecrest sold fastest, at a median of 41 days in Q3 2026; Brickell, almost all condominiums, slowest, at 91 days.

How these figures differA federal index for the metro areaEach market from MLS closed salesMarkets drawn by County folioA repeated sale counted once

Miami Markets at a Glance

Miami Single-Family Home Prices by Market

Coral Gables

$2,150,000

Q3 2025: $1,963,500 · ▲ 9.5%

Q3 2026 · 85 sales · MIAMI REALTORS® MLS, as of October 18, 2026

Coral Gables market report →

Pinecrest

$2,925,000

Q3 2025: $2,675,000 · ▲ 9.3%

Q3 2026 · 58 sales · MIAMI REALTORS® MLS, as of October 18, 2026

Pinecrest market report →

Key Biscayne

$4,920,624

12 months to September 30, 2026: $4,537,500, 40 sales

Q3 2026 · 11 sales · MIAMI REALTORS® MLS, as of October 19, 2026

Key Biscayne market report →

South Miami

$1,755,000

Q3 2025: $1,656,000 · ▲ 6.0%

Q3 2026 · 32 sales · MIAMI REALTORS® MLS, as of October 19, 2026

South Miami market report →

Coconut Grove

$3,000,000

Q3 2025: $2,600,000 · ▲ 15.4%

Q3 2026 · 47 sales · MIAMI REALTORS® MLS, as of October 19, 2026

Coconut Grove market report →

High Pines

$4,950,000

12 months to September 30, 2025: $4,797,500 · ▲ 3.2%

12 months to September 30, 2026 · 29 sales · MIAMI REALTORS® MLS, as of October 19, 2026

High Pines market report →

Ponce-Davis

$12,827,000

12 months to September 30, 2025: $8,050,000, 7 sales

12 months to September 30, 2026 · 12 sales · MIAMI REALTORS® MLS, as of October 19, 2026

Ponce-Davis market report →

Miami Beach

$3,300,000

Q3 2025: $2,600,000 · ▲ 26.9%

Q3 2026 · 55 sales · MIAMI REALTORS® MLS, as of October 19, 2026

Miami Beach market report →

Closed sales through the MIAMI REALTORS® MLS, Q3 2026 · data as of October 18 and 19, 2026 · each market links its report
Market	Median sale price	vs Q3 2025	Closed sales	At $2,000,000 and over	Report
Coral Gables →	$2,150,000single-family	▲ 9.5%	141	55	Q3 2026 report
Pinecrest →	$2,925,000single-family	▲ 9.3%	65	43	Q3 2026 report
Key Biscayne →	$1,400,000condominiums	▲ 8.3%	66	23	Q3 2026 report
South Miami →	$1,755,000single-family	▲ 6.0%	50	13	Q3 2026 report
Coconut Grove →	$3,000,000single-family	▲ 15.4%	104	60	Q3 2026 report
High Pines →	$4,950,000single-family · 12 months	▲ 3.2%	46	31	Q3 2026 report
Ponce-Davis →	$12,827,000single-family · 12 months	—	12	11	Q3 2026 report
Brickell →	$612,500condominiums	▲ 2.3%	201	14	Q3 2026 report
Miami Beach →	$490,000condominiums	▲ 9.5%	424	89	Q3 2026 report

Miami Home Price Index

Home price index

666.21

657.88 in Q2 2025

Q2 2026 · FHFA all-transactions index, Miami-Miami Beach-Kendall · read October 18, 2026

Change over a year

+1.3%

8.33 points, within the index's 95% margin of error (about 14)

Q2 2025 to Q2 2026 · FHFA all-transactions index, Miami-Miami Beach-Kendall · read October 18, 2026

Change over five years

+67.7%

397.26 in Q2 2021

Q2 2021 to Q2 2026 · FHFA all-transactions index, Miami-Miami Beach-Kendall · read October 18, 2026

Miami Home Price Index History

Federal Housing Finance Agency, all-transactions index, Miami-Miami Beach-Kendall

The Federal Housing Finance Agency's house price index for the Miami-Miami Beach-Kendall metropolitan division, all transactions (the first quarter of 1995 is 100), the second quarter of each year, 1976 to 2026 · Federal Housing Finance Agency, data as of October 19, 2026

House price index

Miami-Miami Beach-Kendall

See every figure

The Federal Housing Finance Agency's house price index for the Miami-Miami Beach-Kendall metropolitan division, all transactions (the first quarter of 1995 is 100), the second quarter of each year, 1976 to 2026 · Federal Housing Finance Agency, data as of October 19, 2026
Second quarter of	House price index
1976	35.95
1977	39.57
1978	43.17
1979	48.16
1980	57.17
1981	66.76
1982	70.17
1983	68.57
1984	69.66
1985	67.63
1986	70.14
1987	72.51
1988	76.61
1989	80.04
1990	82.90
1991	84.71
1992	87.77
1993	92.75
1994	98.53
1995	101.55
1996	105.91
1997	107.66
1998	113.10
1999	115.46
2000	122.93
2001	136.41
2002	154.62
2003	176.04
2004	206.82
2005	258.63
2006	322.15
2007	343.52
2008	292.33
2009	213.12
2010	194.14
2011	180.64
2012	182.31
2013	206.10
2014	228.62
2015	251.86
2016	275.35
2017	298.59
2018	317.82
2019	335.15
2020	353.43
2021	397.26
2022	504.63
2023	557.21
2024	627.72
2025	657.88
2026	666.21

Miami Market Questions

How is the Miami housing market? 1.3% federal index, Q2 2026 vs. a year earlier+

The Federal Housing Finance Agency's house price index for the Miami-Miami Beach-Kendall area was 1.3% higher in the second quarter of 2026 than a year earlier. In Coral Gables, the third quarter of 2026 recorded 141 closed sales and a median single-family sale price of $2,150,000, according to MIAMI REALTORS® MLS records.

What is the median home price in Miami?+

It depends on the market. Over the twelve months to September 30, 2026, the median single-family sale price was $2,200,000 in Coral Gables, $2,725,000 in Pinecrest and $4,537,500 in Key Biscayne, according to MIAMI REALTORS® MLS records. Each market's report states its own median, by property type.

Are home prices dropping in Miami? 1.3% federal index, Q2 2026 vs. a year earlier+

Not in the latest figures. The federal house price index for the Miami-Miami Beach-Kendall area was 1.3% higher in the second quarter of 2026 than a year earlier, and the Coral Gables single-family median was $2,150,000 in the third quarter of 2026, against $1,963,500 a year earlier. No report here forecasts prices.

How often are the market reports updated?+

Every quarter. A report is counted from the MIAMI REALTORS® MLS at least fifteen days after its quarter ends, because closings are recorded for days after their date, and is published in January, April, July and October. The Coral Gables report for the fourth quarter of 2026 follows in January 2027.

Where do the figures come from?+

Sale prices come from closed sales in the MIAMI REALTORS® MLS, analyzed by Julian Acosta, a Compass real estate agent licensed since 2005; each market is drawn by Miami-Dade County parcel numbers. The Miami area's index comes from the Federal Housing Finance Agency. Sales outside the MLS are not counted.

How the Figures Are Measured

How each figure is measured

Sales are closed sales recorded in the MIAMI REALTORS® MLS, analyzed by Julian Acosta with data as of the date each report states. A sale that never entered the MLS is not counted.
A market is drawn by Miami-Dade County parcel numbers, not by the city name typed on a listing.
A median, not an average, and only from five sales up. A range is the middle half of the sales.
Price per square foot is the sale price over the living area on the listing.
Days on market is counted for the listing that sold.
A quarter is counted at least fifteen days after it ends; its count is restated in the next report.
The federal index is the Federal Housing Finance Agency's, quoted as the agency publishes it.
No forecast. A report states what closed.

What the index counts. The agency describes it as a weighted, repeat-sales index: it measures average price changes in repeat sales or refinancings of the same single-family properties, whose mortgages Fannie Mae or Freddie Mac purchased or securitized. The all-transactions version adds appraisal data. It shows how prices move, not what a home sells for, and a home bought without such a mortgage is not in it. What homes sell for is in each market's report, from the MLS.

Source: Federal Housing Finance Agency, House Price Index, quarterly all-transactions index by metropolitan area, as published on October 18, 2026. The third quarter of 2026 is published November 24, 2026.