Miami Beach · micromarket · 12 months · data as of October 19, 2026
South Beach Market Report
Closed sales from October 1, 2025 to September 30, 2026 · MIAMI REALTORS® MLS data as of October 19, 2026 · reviewed by Julian Acosta · next report January 2027
Median sale price · single-family · 12 months
$2,375,00011 sales
The median sale price of a condominium in South Beach, Miami Beach (the typical price: half sold for more and half for less), was $456,250 in the twelve months to September 30, 2026, on 882 closed sales, 6.7% more than in the twelve months before; 11 single-family homes sold, at a median of $2,375,000, according to MIAMI REALTORS® MLS records analyzed by Julian Acosta with data as of October 19, 2026.
Where South Beach Is
South Beach is the southern part of Miami Beach, in ZIP code 33139, outside the islands, as this site draws it. It holds Ocean Beach and Palm View, with Lummus Park on the ocean, Flamingo Park and South Pointe Park, and on the bay the Miami Beach Marina and the Sunset Harbour Yacht Club. It is a place of condominiums: about 21,600 units, half of the city's, against about 160 houses, most of them built before 1960 (Miami-Dade County Property Appraiser, 2026 record, read October 26, 2026).
Key takeaways
- South Beach condominiums sold at a median of $456,250 in the 12 months to September 2026, on 882 sales, 6.7% more than in the 12 months before. See the full reading
- In a waterfront building, a South Beach condominium sold at a median of $865,000, on 438 sales; in a building off the water, at $300,000, on 444. See the full reading
- 11 South Beach houses sold in the 12 months, at a median of $2,375,000, against 7 a year earlier. See the full reading
Where the South Beach market is heading
- South Beach sold 882 condominiums, against 774 a year earlier, and their median rose 6.7%; in a waterfront building it rose 3.0%, off the water it fell 1.6%.
These are the figures to date, not a forecast.
If you're selling in South Beach
- How long it takes: a South Beach condominium took a median of 84 days to sell in the 12 months to September 2026, about 12 weeks.
- The water: the 438 condominiums in waterfront buildings sold at a median of $865,000.
- How close to the asking price: the typical South Beach condominium closed at 94.6% of its last list price; 105 of the 882 closed at or above it.
If you're buying in South Beach
- Where the price is: $300,000 in a building off the water, $865,000 in a waterfront building, the medians of the 12 months.
- Room to negotiate: the typical South Beach condominium closed at 91.8% of the first price it was listed at.
- Houses: few come up; 11 sold in the 12 months, at a median of $2,375,000.
South Beach in figures
Data as of October 19, 2026
South Beach Single-Family Home Prices
11 sales · 12 months to September 2026Median sale price · single-family
$2,375,000
A year earlier: 7 sales at $1,825,000
If you own a house in South Beach, this is your yardstick: half of the 11 houses sold there in the 12 months to September 30, 2026 closed above $2,375,000 and half below, against $4,200,000 across Miami Beach (MIAMI REALTORS® MLS).
12 months · 11 sales · MIAMI REALTORS® MLS
Closed sales
11
A year earlier: 7
11 houses sold in South Beach in the 12 months to September 30, 2026, about one a month, against 7 the 12 months before (MIAMI REALTORS® MLS).
12 months · 11 sales · MIAMI REALTORS® MLS
Median price per sq ft · single-family
$940
A year earlier: $843
To compare homes of different sizes, look at the price per square foot: a house in South Beach sold for a median $940 in the 12 months to September 30, 2026, so 2,000 Sq.Ft at that rate comes to about $1,880,000 (MIAMI REALTORS® MLS).
12 months · 11 sales · MIAMI REALTORS® MLS
Median days on market · single-family
110 days
A year earlier: 11 days
If you sell a house in South Beach, plan for about 16 weeks: the typical one took 110 days to sell in the 12 months to September 30, 2026 (MIAMI REALTORS® MLS).
12 months · 11 sales · MIAMI REALTORS® MLS
South Beach Condo Prices
882 sales · 12 months to September 2026Median sale price · condominiums
$456,250
A year earlier: $427,500 · ▲ 6.7%
If you own a condominium in South Beach, this is your yardstick: half of the 882 condominiums sold there in the 12 months to September 30, 2026 closed above $456,250 and half below, against $499,000 across Miami Beach (MIAMI REALTORS® MLS).
12 months · 882 sales · MIAMI REALTORS® MLS
Closed sales
882
A year earlier: 774
882 condominiums sold in South Beach in the 12 months to September 30, 2026, about 74 a month, against 774 the 12 months before (MIAMI REALTORS® MLS).
12 months · 882 sales · MIAMI REALTORS® MLS
Median price per sq ft · condominiums
$591
A year earlier: $605 · ▼ 2.3%
To compare homes of different sizes, look at the price per square foot: a condominium in South Beach sold for a median $591 in the 12 months to September 30, 2026, so 1,000 Sq.Ft at that rate comes to about $590,000 (MIAMI REALTORS® MLS).
12 months · 882 sales · MIAMI REALTORS® MLS
Median days on market · condominiums
84 days
A year earlier: 70.5 days
If you sell a condominium in South Beach, plan for about 12 weeks: the typical one took 84 days to sell in the 12 months to September 30, 2026 (MIAMI REALTORS® MLS).
12 months · 882 sales · MIAMI REALTORS® MLS
South Beach Townhouse Prices
8 sales · 12 months to September 2026Median sale price · townhouses
$1,537,500
A year earlier: 12 sales at $1,350,000
If you own a townhouse in South Beach, this is your yardstick: half of the 8 townhouses sold there in the 12 months to September 30, 2026 closed above $1,537,500 and half below, against $1,625,000 across Miami Beach (MIAMI REALTORS® MLS).
12 months · 8 sales · MIAMI REALTORS® MLS
Closed sales
8
A year earlier: 12
8 townhouses sold in South Beach in the 12 months to September 30, 2026, about one a month, against 12 the 12 months before (MIAMI REALTORS® MLS).
12 months · 8 sales · MIAMI REALTORS® MLS
Median price per sq ft · townhouses
$1,016
A year earlier: $831
To compare homes of different sizes, look at the price per square foot: a townhouse in South Beach sold for a median $1,016 in the 12 months to September 30, 2026, so 2,000 Sq.Ft at that rate comes to about $2,030,000 (MIAMI REALTORS® MLS).
12 months · 8 sales · MIAMI REALTORS® MLS
Median days on market · townhouses
97.5 days
A year earlier: 66 days
If you sell a townhouse in South Beach, plan for about 14 weeks: the typical one took 97.5 days to sell in the 12 months to September 30, 2026 (MIAMI REALTORS® MLS).
12 months · 8 sales · MIAMI REALTORS® MLS
On the water and off it in South Beach
12 monthsHouses off the water
$2,375,000
11 sales
The listing's MLS mark
Condos in a waterfront building
$865,000
438 sales
Its building's mark
Condos off the water
$300,000
444 sales
Its building's mark
Townhouses: 8 townhouses closed in South Beach in these twelve months, at a median of $1,537,500.
South Beach Home Prices by Neighborhood
South Beach's neighborhoods by the County's plats, each with its house sales in the twelve months to September 30, 2026; a neighborhood has its row from five sales.
| Neighborhood | Sales | Median price | Days (median) |
|---|---|---|---|
| Ocean Beach Addition No. 3 | 5 | $1,900,000 | 98 |
| Elsewhere in South Beach | 2 | — | — |
Palm View closed 4 houses in these twelve months: too few for a median.
What is my home worth?
Enter your address. The page finds your home in the public record and reads the closed sales nearest it.
An estimate by Julian Acosta from MLS closed sales and the Miami-Dade County record; not an appraisal. How it works →
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South Beach versus the other areas of Miami Beach
| Area | Houses: median price | Houses: sales | Houses: days (median) | Condos: median price |
|---|---|---|---|---|
| South Beach | $2,375,000 | 11 | 110 | $456,250 |
| Mid-Beach → | $3,400,000 | 105 | 99 | $635,000 |
| North Beach → | $2,950,000 | 63 | 114 | $342,250 |
| The islands → | $11,150,000 | 74 | 96.5 | $1,145,000 |
| Miami Beach, all its areas → | $4,200,000 | 253 | 102 | $499,000 |