South Miami · Q3 2026 · Data as of October 19, 2026
South Miami Market Report
Data for July 1, 2026 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 · Q3 2026
$1,755,000▲ 6.0% vs Q3 2025
The median sale price of a single-family home in South Miami, Florida, counting the City of South Miami and the unincorporated part of its 33143 ZIP code in Miami-Dade County, was $1,755,000 in the third quarter of 2026, on 32 closed sales, 6.0% above the third quarter of 2025, according to MIAMI REALTORS® MLS records analyzed by Julian Acosta as of October 19, 2026.
The median sale price of a condominium in South Miami, Florida, counting the City of South Miami and the unincorporated part of its 33143 ZIP code in Miami-Dade County, was $375,000 in the third quarter of 2026, on 16 closed sales, 2.3% above the third quarter of 2025, according to MIAMI REALTORS® MLS records analyzed by Julian Acosta as of October 19, 2026.
- North of US-1 $1,350,000$350,000$650,000
- East of US-1 $2,900,0004 salesnone sold
- Median price: lowerhigher
Choose a micromarket on the map to go to its figures, further down.
LIVE On the market now: 29 homes at $2,000,000 and up · median asking $974 a sq ft · AS OF November 1, 2026
South Miami, in this report, is the City of South Miami, a city of its own since 1927, and the unincorporated part of ZIP 33143 to its west and south. Together they hold about 4,500 houses and 2,100 condominium units, most of them north and west of US-1, and the City's Metrorail station stands on Sunset Drive.
Julian Acosta on South Miami
I read South Miami on both sides of US-1, and on both sides of the City line. North of the highway, inside the City, are its streets around Sunset Drive and the Metrorail, with most of its newer condominiums. West of the City, in the unincorporated blocks, the lots are about twice as large. East of US-1 the houses are larger, and more of them are new. Tell me whether you want the City's streets or more land around your house, and I will show you which side to start on.
Key takeaways
- South Miami houses sold for a median of $1,755,000 in Q3 2026 (half sold for more, half for less), on 32 sales, 6.0% above Q3 2025. See the full reading
- South Miami condominiums sold for a median of $375,000 in Q3 2026, on 16 sales, 2.3% above Q3 2025. See the full reading
- South Miami houses sold faster in Q3 2026: a median of 40.5 days, about 6 weeks, against 49.5 days in Q3 2025. See the full reading
Where the South Miami market is heading
- Over the five quarters to September 2026, the median South Miami house price, the one with half the sales above it and half below, ran between $1,350,000 and $1,755,000 a quarter, with no steady direction.
- South Miami sales went from 53 in Q3 2025 to 50 in Q3 2026, and between 49 and 63 a quarter over the five quarters.
- Over the 12 months to September 2026, South Miami's house median was 8.0% higher than a year earlier, $1,560,000 against $1,445,000.
These are the figures to date, not a forecast.
If you're selling in South Miami
- How close to asking: In Q3 2026, the typical South Miami sale closed at 96.5% of its last asking price, and 29 of 50 closed at or within 5% of it.
- How long it takes: South Miami houses took a median of 40.5 days to sell in Q3 2026, about 6 weeks; condominiums took 81 days, about 12 weeks.
- Your price range: Over the 12 months to September 2026, 68 of South Miami's 221 sales were under $500,000; the 14 at $5,000,000 to $10,000,000 took a median of 55.5 days.
If you're buying in South Miami
- Room to negotiate: In Q3 2026, 8 of 50 South Miami sales closed more than 10% under their last asking price, and 8 closed at or above it.
- What your budget buys: Over the 12 months to September 2026, a South Miami house of $1,000,000 to $2,000,000 had a median 2,127 square feet of living space, on 55 sales.
- How fast homes go: South Miami closed 50 sales in Q3 2026, against 53 in Q3 2025, so there are fewer recent sales to compare an offer with.
South Miami Market Statistics
- Single-family median price. $1,755,000 · 32 sales · 6.0% above Q3 2025 ($1,656,000). See the full reading
- Condo median price. $375,000 · 16 sales · 2.3% above Q3 2025 ($366,500). See the full reading
- Homes sold. 50 closed sales (53 in Q3 2025) · $75.8 million in volume ($76.6 million). See the full reading
- Sale against list price. Median sale at 96.5% of the last list price, the same as in Q3 2025 · 8 of 50 at or above it. See the full reading
- Luxury share. 13 of 50 sales at $2,000,000 or more (13 of 53 in Q3 2025). See the full reading
How this report differsClosed sales, not estimatesThe City and its unincorporated part, by County folioA repeated sale counted onceMedians from five sales upTop sales checked with the County
South Miami at a glance
Data as of October 19, 2026
South Miami Single-Family Home Prices
32 sales · Q3 2026Median sale price · single-family
$1,755,000
Q3 2025: $1,656,000 · ▲ 6.0%
Half of the 32 South Miami houses sold in Q3 2026 closed above $1,755,000 and half below.
It is the typical price, and one record sale does not move it; it reads the market and does not set the price of your home.
Q3 2026 · 32 sales · MIAMI REALTORS® MLS
Median price per sq ft · single-family
$788
Q3 2025: $720 · ▲ 9.4%
To compare homes of different sizes, look at the price per square foot: a house in South Miami sold for a median $788 in Q3 2026, so 2,000 Sq.Ft at that rate comes to about $1,580,000 (MIAMI REALTORS® MLS).
Q3 2026 · 32 sales · MIAMI REALTORS® MLS
Median days on market · single-family
40.5 days
Q3 2025: 49.5 days
If you sell a house in South Miami, plan for about 6 weeks: the typical one took 40.5 days to sell in Q3 2026 (MIAMI REALTORS® MLS).
Q3 2026 · 32 sales · MIAMI REALTORS® MLS
Sale-to-list ratio · single-family
96.5%
Q3 2025: 95.4%
In South Miami, the typical house closed at 96.5% of its last asking price in Q3 2026: on an asking price of $1,755,000, that comes to about $1,694,000 (MIAMI REALTORS® MLS).
Q3 2026 · 32 sales · MIAMI REALTORS® MLS
South Miami Condo Prices
16 sales · Q3 2026Median sale price · condominiums
$375,000
Q3 2025: $366,500 · ▲ 2.3%
Half of the 16 South Miami condominiums sold in Q3 2026 closed above $375,000 and half below.
It is the typical price, and one record sale does not move it; it reads the market and does not set the price of your home.
Q3 2026 · 16 sales · MIAMI REALTORS® MLS
Median price per sq ft · condominiums
$372
Q3 2025: $319 · ▲ 16.6%
To compare homes of different sizes, look at the price per square foot: a condominium in South Miami sold for a median $372 in Q3 2026, so 1,000 Sq.Ft at that rate comes to about $370,000 (MIAMI REALTORS® MLS).
Q3 2026 · 16 sales · MIAMI REALTORS® MLS
Median days on market · condominiums
81 days
Q3 2025: 55 days
If you sell a condominium in South Miami, plan for about 12 weeks: the typical one took 81 days to sell in Q3 2026 (MIAMI REALTORS® MLS).
Q3 2026 · 16 sales · MIAMI REALTORS® MLS
Sale-to-list ratio · condominiums
96.4%
Q3 2025: 97.0%
In South Miami, the typical condominium closed at 96.4% of its last asking price in Q3 2026: on an asking price of $375,000, that comes to about $362,000 (MIAMI REALTORS® MLS).
Q3 2026 · 16 sales · MIAMI REALTORS® MLS
All South Miami homes
Closed sales
50
Q3 2025: 53 · ▼ 5.7%
50 South Miami homes sold in Q3 2026, 3 fewer than a year earlier, for $75.8 million in all.
More closings mean more buyers acted, not only looked.
Q3 2026 · all property types · MIAMI REALTORS® MLS
Dollar volume
$75.83M
Q3 2025: $76.62M · ▼ 1.0%
Add up the closing prices of the 50 homes sold in South Miami in Q3 2026 and you get $75.83M: the money that changed hands (MIAMI REALTORS® MLS).
Q3 2026 · all property types · MIAMI REALTORS® MLS
Sales at $2,000,000 and over
13
Q3 2025: 13
13 of 50 South Miami sales in Q3 2026 were $2,000,000 or more.
It shows how much of the market trades at the top.
Q3 2026 · all property types · MIAMI REALTORS® MLS
South Miami prices by quarter
Every quarter since Q4 2019 · MIAMI REALTORS® MLS
South Miami, every quarter from Q4 2019 to Q3 2026 · MIAMI REALTORS® MLS, data as of October 19, 2026
Median sale price
Single-family
Condominiums
See every figure
| Prices by quarter | Median sale price · Single-family | Median sale price · Condominiums | Median price per square foot · Single-family | Median price per square foot · Condominiums | Median days on market · Single-family | Median days on market · Condominiums |
|---|---|---|---|---|---|---|
| Q4 2019 | $730,000 | $212,500 | $368 | $220 | 39 | 74 |
| Q1 2020 | $597,655 | $221,000 | $367 | $233 | 64 | 52 |
| Q2 2020 | $675,000 | $178,000 | $379 | $192 | 36.5 | 59 |
| Q3 2020 | $740,000 | $229,500 | $372 | $237 | 44 | 83 |
| Q4 2020 | $698,000 | $175,000 | $358 | $228 | 18 | 67 |
| Q1 2021 | $897,500 | $205,000 | $389 | $232 | 75.5 | 61 |
| Q2 2021 | $920,000 | $197,500 | $431 | $205 | 27 | 43.5 |
| Q3 2021 | $1,050,000 | $217,000 | $427 | $250 | 22 | 29 |
| Q4 2021 | $905,000 | $285,000 | $433 | $271 | 17 | 51 |
| Q1 2022 | $1,025,000 | $240,000 | $537 | $287 | 28.5 | 11 |
| Q2 2022 | $1,387,500 | $247,250 | $576 | $297 | 13.5 | 7 |
| Q3 2022 | $1,150,000 | $247,000 | $635 | $312 | 15 | 15 |
| Q4 2022 | $875,000 | $335,000 | $557 | $343 | 34 | 23 |
| Q1 2023 | $1,225,000 | $237,500 | $597 | $329 | 40 | 18.5 |
| Q2 2023 | $1,130,000 | $312,000 | $571 | $357 | 19.5 | 10 |
| Q3 2023 | $1,126,000 | $380,000 | $660 | $374 | 24 | 25.5 |
| Q4 2023 | $1,430,000 | $281,000 | $709 | $378 | 41 | 15 |
| Q1 2024 | $1,440,000 | $332,500 | $685 | $314 | 28 | 37.5 |
| Q2 2024 | $1,399,000 | $282,250 | $729 | $356 | 16 | 22 |
| Q3 2024 | $1,425,000 | $271,250 | $683 | $345 | 22 | 53 |
| Q4 2024 | $1,187,500 | $325,000 | $746 | $364 | 56 | 33 |
| Q1 2025 | $2,400,000 | $220,000 | $771 | $308 | 42 | 31 |
| Q2 2025 | $1,201,250 | $255,000 | $724 | $323 | 41.5 | 54 |
| Q3 2025 | $1,656,000 | $366,500 | $720 | $319 | 49.5 | 55 |
| Q4 2025 | $1,535,000 | $290,000 | $694 | $346 | 85 | 104 |
| Q1 2026 | $1,700,000 | $326,500 | $802 | $340 | 45 | 31 |
| Q2 2026 | $1,350,000 | $345,000 | $683 | $353 | 49 | 69.5 |
| Q3 2026 | $1,755,000 | $375,000 | $788 | $372 | 40.5 | 81 |
Price since 2019: The median South Miami house price went from $730,000 in Q4 2019 to $1,755,000 in Q3 2026.
Why it matters
The median is the typical price: half the sales went for more and half for less. One period can surprise; seven years show the direction.
Price per square foot: A South Miami house sold for a median $788 per square foot of living space in Q3 2026; a condominium, $372.
Why it matters
It compares homes of different sizes fairly.
Sales per quarter: South Miami sales peaked at 98 in Q3 2021 and have run between 40 and 63 a quarter since Q3 2024.
Why it matters
The count shows whether demand is building or cooling.
Days to sell: A South Miami house took a median of 40.5 days to sell in Q3 2026, about 6 weeks; a condominium, 81.
Why it matters
A longer wait leaves more room to negotiate.
South Miami Home Prices by Area
Real local data by micromarket: South Miami's closed sales on each side of US-1 and in its parts, from the City to the unincorporated streets of its ZIP code, each by type of home and by the water, over the twelve months to September 30, 2026.
Choose a micromarket to go to its figures, below.
Prices by area and part: In 12 months to Q3 2026, South Miami house medians ran from $865,000 in University Manor to $3,881,500 in the City south of Sunset.
Why it matters
A part's median is its typical price: half its houses sold for more and half for less. In South Miami, the part moves the price more than the year does.
Waterfront and dry: A South Miami house on the water sold for a median of $1,312,500 over the 12 months to September 2026; off the water, $1,700,000.
Why it matters
In South Miami, the waterfront mark does not lift a house's price: it is mostly lakes and canals.
South Miami by micromarket
North of US-1
108 sales · 12 months to September 202666 sales · 12 months to September 20269 sales · 12 months to September 2026Median sale price · single-family
$1,350,000
A year earlier: $1,260,000 · ▲ 7.1%
If you own a house in South Miami north of US-1, this is your yardstick: half of the 108 houses sold there in the 12 months to September 30, 2026 closed above $1,350,000 and half below, against $1,560,000 across South Miami (MIAMI REALTORS® MLS).
12 months · 108 sales · MIAMI REALTORS® MLS
Closed sales
108
A year earlier: 110
108 houses sold in South Miami north of US-1 in the 12 months to September 30, 2026, about 9 a month, against 110 the 12 months before (MIAMI REALTORS® MLS).
12 months · 108 sales · MIAMI REALTORS® MLS
Median price per sq ft · single-family
$668
A year earlier: $659 · ▲ 1.4%
To compare homes of different sizes, look at the price per square foot: a house in South Miami north of US-1 sold for a median $668 in the 12 months to September 30, 2026, so 2,000 Sq.Ft at that rate comes to about $1,340,000 (MIAMI REALTORS® MLS).
12 months · 108 sales · MIAMI REALTORS® MLS
Median days on market · single-family
55 days
A year earlier: 51 days
If you sell a house in South Miami north of US-1, plan for about 8 weeks: the typical one took 55 days to sell in the 12 months to September 30, 2026 (MIAMI REALTORS® MLS).
12 months · 108 sales · MIAMI REALTORS® MLS
Median sale price · condominiums
$350,000
A year earlier: $305,000 · ▲ 14.8%
If you own a condominium in South Miami north of US-1, this is your yardstick: half of the 66 condominiums sold there in the 12 months to September 30, 2026 closed above $350,000 and half below, against $350,000 across South Miami (MIAMI REALTORS® MLS).
12 months · 66 sales · MIAMI REALTORS® MLS
Closed sales
66
A year earlier: 48
66 condominiums sold in South Miami north of US-1 in the 12 months to September 30, 2026, about 6 a month, against 48 the 12 months before (MIAMI REALTORS® MLS).
12 months · 66 sales · MIAMI REALTORS® MLS
Median price per sq ft · condominiums
$347
A year earlier: $317 · ▲ 9.5%
To compare homes of different sizes, look at the price per square foot: a condominium in South Miami north of US-1 sold for a median $347 in the 12 months to September 30, 2026, so 1,000 Sq.Ft at that rate comes to about $350,000 (MIAMI REALTORS® MLS).
12 months · 66 sales · MIAMI REALTORS® MLS
Median days on market · condominiums
61 days
A year earlier: 49.5 days
If you sell a condominium in South Miami north of US-1, plan for about 8½ weeks: the typical one took 61 days to sell in the 12 months to September 30, 2026 (MIAMI REALTORS® MLS).
12 months · 66 sales · MIAMI REALTORS® MLS
Median sale price · townhouses
$650,000
A year earlier: 3 sales
If you own a townhouse in South Miami north of US-1, this is your yardstick: half of the 9 townhouses sold there in the 12 months to September 30, 2026 closed above $650,000 and half below, against $650,000 across South Miami (MIAMI REALTORS® MLS).
12 months · 9 sales · MIAMI REALTORS® MLS
Closed sales
9
A year earlier: 3
9 townhouses sold in South Miami north of US-1 in the 12 months to September 30, 2026, about one a month, against 3 the 12 months before (MIAMI REALTORS® MLS).
12 months · 9 sales · MIAMI REALTORS® MLS
Median price per sq ft · townhouses
$348
To compare homes of different sizes, look at the price per square foot: a townhouse in South Miami north of US-1 sold for a median $348 in the 12 months to September 30, 2026, so 2,000 Sq.Ft at that rate comes to about $700,000 (MIAMI REALTORS® MLS).
12 months · 9 sales · MIAMI REALTORS® MLS
Median days on market · townhouses
49 days
If you sell a townhouse in South Miami north of US-1, plan for about 7 weeks: the typical one took 49 days to sell in the 12 months to September 30, 2026 (MIAMI REALTORS® MLS).
12 months · 9 sales · MIAMI REALTORS® MLS
On the water, 10 houses sold at a median of $1,302,500; off it, 98 at $1,391,500.
On the water, 4 condominiums sold; off it, 62.
None of the 9 townhouses was on the water.
Full report for South Miami north of US-1 →East of US-1
33 sales · 12 months to September 20264 sales · 12 months to September 2026Median sale price · single-family
$2,900,000
A year earlier: $2,235,000 · ▲ 29.8%
If you own a house in South Miami east of US-1, this is your yardstick: half of the 33 houses sold there in the 12 months to September 30, 2026 closed above $2,900,000 and half below, against $1,560,000 across South Miami (MIAMI REALTORS® MLS).
12 months · 33 sales · MIAMI REALTORS® MLS
Closed sales
33
A year earlier: 28
33 houses sold in South Miami east of US-1 in the 12 months to September 30, 2026, about 3 a month, against 28 the 12 months before (MIAMI REALTORS® MLS).
12 months · 33 sales · MIAMI REALTORS® MLS
Median price per sq ft · single-family
$951
A year earlier: $933 · ▲ 1.9%
To compare homes of different sizes, look at the price per square foot: a house in South Miami east of US-1 sold for a median $951 in the 12 months to September 30, 2026, so 2,000 Sq.Ft at that rate comes to about $1,900,000 (MIAMI REALTORS® MLS).
12 months · 33 sales · MIAMI REALTORS® MLS
Median days on market · single-family
49 days
A year earlier: 35.5 days
If you sell a house in South Miami east of US-1, plan for about 7 weeks: the typical one took 49 days to sell in the 12 months to September 30, 2026 (MIAMI REALTORS® MLS).
12 months · 33 sales · MIAMI REALTORS® MLS
Median sale price · condominiums
4 sales, too few for a median
A year earlier: 2 sales
Only 4 condominiums sold in South Miami east of US-1 in the 12 months to September 30, 2026: too few for a fair median, so each sale is listed in the table below (MIAMI REALTORS® MLS).
12 months · 4 sales · MIAMI REALTORS® MLS
Closed sales
4
A year earlier: 2
4 condominiums sold in South Miami east of US-1 in the 12 months to September 30, 2026, fewer than one a month, against 2 the 12 months before (MIAMI REALTORS® MLS).
12 months · 4 sales · MIAMI REALTORS® MLS
Townhouses · none sold
On the water, 4 houses sold; off it, 29.
None of the 4 condominiums was in a building on the water.
Full report for South Miami east of US-1 →See the full table
| Neighborhood | Closed sales | Median sale price | Price per square foot | Median vs a year earlier | Median days |
|---|---|---|---|---|---|
| North of US-1 | 108 | $1,350,000 | $668 | ▲ 7.1% | 55 |
| The city, north of Sunset Drive | 57 | $1,125,000 | $623 | ▲ 16.6% | 38 |
| The city, south of Sunset Drive | 10 | $1,182,500 | $702 | — | 84.5 |
| University Manor | 5 | $865,000 | — | — | 39 |
| Ludlam Road to the Palmetto | 20 | $2,825,000 | $815 | ▲ 13.6% | 76 |
| West of the Palmetto, north of Sunset | 16 | $2,475,000 | $784 | — | 85 |
| East of US-1 | 33 | $2,900,000 | $951 | ▲ 29.8% | 49 |
| The city, south of Sunset Drive | 20 | $3,881,500 | $1,032 | ▲ 37.6% | 62 |
| South of the city line | 13 | $1,810,000 | $893 | — | 36 |
| Neighborhood | Closed sales | Median sale price | Price per square foot | Median vs a year earlier | Median days |
|---|---|---|---|---|---|
| North of US-1 | 10 | $1,302,500 | $541 | — | 27.5 |
| The city, north of Sunset Drive | 9 | $1,280,000 | $535 | — | 27 |
| The city, south of Sunset Drive | 0 | — | — | — | — |
| University Manor | 0 | — | — | — | — |
| Ludlam Road to the Palmetto | 1 | — | — | — | — |
| West of the Palmetto, north of Sunset | 0 | — | — | — | — |
| East of US-1 | 4 | $1,942,50024 months | $877 | — | 55 |
| The city, south of Sunset Drive | 2 | — | — | — | — |
| South of the city line | 2 | — | — | — | — |
| Neighborhood | Closed sales | Median sale price | Price per square foot | Median vs a year earlier | Median days |
|---|---|---|---|---|---|
| North of US-1 | 98 | $1,391,500 | $684 | ▲ 16.0% | 56.5 |
| The city, north of Sunset Drive | 48 | $1,020,000 | $639 | ▲ 17.9% | 40.5 |
| The city, south of Sunset Drive | 10 | $1,182,500 | $702 | — | 84.5 |
| University Manor | 5 | $865,000 | — | — | 39 |
| Ludlam Road to the Palmetto | 19 | $2,900,000 | $823 | ▲ 11.8% | 74 |
| West of the Palmetto, north of Sunset | 16 | $2,475,000 | $784 | — | 85 |
| East of US-1 | 29 | $3,005,000 | $960 | ▲ 34.5% | 45 |
| The city, south of Sunset Drive | 18 | $3,881,500 | $1,051 | ▲ 37.6% | 62 |
| South of the city line | 11 | $1,850,000 | $895 | — | 36 |
| Neighborhood | Closed sales | Median sale price | Price per square foot | Median vs a year earlier | Median days |
|---|---|---|---|---|---|
| North of US-1 | 66 | $350,000 | $347 | ▲ 14.8% | 61 |
| The city, north of Sunset Drive | 31 | $375,000 | $372 | — | 48 |
| The city, south of Sunset Drive | 0 | — | — | — | — |
| University Manor | 0 | — | — | — | — |
| Ludlam Road to the Palmetto | 35 | $290,000 | $316 | ▲ 10.5% | 70 |
| West of the Palmetto, north of Sunset | 0 | — | — | — | — |
East of US-1Each sale (4)
| 4 | $250,50024 months | $427 | — | 49.5 |
The city, south of Sunset DriveEach sale (4)
| 4 | $250,50024 months | $427 | — | 49.5 |
| South of the city line | 0 | — | — | — | — |
| Neighborhood | Closed sales | Median sale price | Price per square foot | Median vs a year earlier | Median days |
|---|---|---|---|---|---|
| North of US-1 | 4 | $390,00024 months | $324 | — | 56 |
| The city, north of Sunset Drive | 0 | — | — | — | — |
| The city, south of Sunset Drive | 0 | — | — | — | — |
| University Manor | 0 | — | — | — | — |
| Ludlam Road to the Palmetto | 4 | $390,00024 months | $324 | — | 56 |
| West of the Palmetto, north of Sunset | 0 | — | — | — | — |
| East of US-1 | 0 | — | — | — | — |
| The city, south of Sunset Drive | 0 | — | — | — | — |
| South of the city line | 0 | — | — | — | — |
| Neighborhood | Closed sales | Median sale price | Price per square foot | Median vs a year earlier | Median days |
|---|---|---|---|---|---|
| North of US-1 | 62 | $350,000 | $352 | ▲ 20.7% | 61 |
| The city, north of Sunset Drive | 31 | $375,000 | $372 | — | 48 |
| The city, south of Sunset Drive | 0 | — | — | — | — |
| University Manor | 0 | — | — | — | — |
| Ludlam Road to the Palmetto | 31 | $290,000 | $316 | ▲ 26.1% | 70 |
| West of the Palmetto, north of Sunset | 0 | — | — | — | — |
East of US-1Each sale (4)
| 4 | $280,00024 months | $421 | — | 50 |
The city, south of Sunset DriveEach sale (4)
| 4 | $280,00024 months | $421 | — | 50 |
| South of the city line | 0 | — | — | — | — |
| Neighborhood | Closed sales | Median sale price | Price per square foot | Median vs a year earlier | Median days |
|---|---|---|---|---|---|
| North of US-1 | 9 | $650,000 | $348 | — | 49 |
| The city, north of Sunset Drive | 8 | $644,000 | $322 | — | 55.5 |
| The city, south of Sunset Drive | 0 | — | — | — | — |
| University Manor | 0 | — | — | — | — |
Ludlam Road to the PalmettoEach sale (1)
| 1 | — | — | — | — |
| West of the Palmetto, north of Sunset | 0 | — | — | — | — |
| East of US-1 | 0 | — | — | — | — |
| The city, south of Sunset Drive | 0 | — | — | — | — |
| South of the city line | 0 | — | — | — | — |
| Neighborhood | Closed sales | Median sale price | Price per square foot | Median vs a year earlier | Median days |
|---|---|---|---|---|---|
| North of US-1 | 0 | — | — | — | — |
| The city, north of Sunset Drive | 0 | — | — | — | — |
| The city, south of Sunset Drive | 0 | — | — | — | — |
| University Manor | 0 | — | — | — | — |
| Ludlam Road to the Palmetto | 0 | — | — | — | — |
| West of the Palmetto, north of Sunset | 0 | — | — | — | — |
| East of US-1 | 0 | — | — | — | — |
| The city, south of Sunset Drive | 0 | — | — | — | — |
| South of the city line | 0 | — | — | — | — |
| Neighborhood | Closed sales | Median sale price | Price per square foot | Median vs a year earlier | Median days |
|---|---|---|---|---|---|
| North of US-1 | 9 | $650,000 | $348 | — | 49 |
| The city, north of Sunset Drive | 8 | $644,000 | $322 | — | 55.5 |
| The city, south of Sunset Drive | 0 | — | — | — | — |
| University Manor | 0 | — | — | — | — |
Ludlam Road to the PalmettoEach sale (1)
| 1 | — | — | — | — |
| West of the Palmetto, north of Sunset | 0 | — | — | — | — |
| East of US-1 | 0 | — | — | — | — |
| The city, south of Sunset Drive | 0 | — | — | — | — |
| South of the city line | 0 | — | — | — | — |
How the quarter sold
Sales by price range
Closed sales, all property types · Q3 2026 against Q3 2025 · MIAMI REALTORS® MLS, as of October 19, 2026
Q3 2026Q3 2025
See every figure
| Price range | Q3 2026 | Q3 2025 |
|---|---|---|
| Under $500K | 16 | 20 |
| $500K–$1M | 8 | 10 |
| $1M–$2M | 13 | 10 |
| $2M–$5M | 10 | 10 |
| $5M–$10M | 3 | 3 |
| $10M and over | 0 | 0 |
Sale price against list price
Closed sales, all property types · Q3 2026 against Q3 2025 · MIAMI REALTORS® MLS, as of October 19, 2026
Q3 2026Q3 2025
See every figure
| Sale against list | Q3 2026 | Q3 2025 |
|---|---|---|
| At or above list | 8 | 7 |
| Up to 5% below | 21 | 27 |
| 5% to 10% below | 13 | 14 |
| More than 10% below | 8 | 5 |
Top sales of the quarter
| Address | Closed | Sale price | Price per square foot |
|---|---|---|---|
| 7900 SW 57th Court → | July 2026 | $5,795,000 | $1,191 |
Sales by price range: Over the 12 months to September 2026, 68 of South Miami's 221 sales were under $500,000.
Why it matters
It shows where most buyers are.
Sale against asking price: The typical South Miami home sold in Q3 2026 for 96.5% of its last asking price, about $4 off every $100.
Why it matters
It shows how far apart asking prices and offers ended.
Highest sales: South Miami's highest Q3 2026 sale the County had recorded, and not Julian Acosta's: 7900 SW 57th Court, at $5,795,000.
Why it matters
It shows what the top of the market trades for.
South Miami compared with other Miami markets
| Market | Median sale price | vs Q3 2025 | Closed sales | At $2,000,000 and over | Report |
|---|---|---|---|---|---|
| South Miami | $1,755,000single-family | ▲ 6.0% | 50 | 13 | This 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 |
| 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 |
Living in South Miami
Public schools. By the attendance boundaries of Miami-Dade County Public Schools in the County's map layers, read October 26, 2026:
- North of US-1 is mostly in Ludlam Elementary ↗'s and South Miami K-8 Center ↗'s elementary boundaries, with parts in David Fairchild Elementary ↗'s, Blue Lakes K-8 Center ↗'s and Sunset Elementary ↗'s.
- East of US-1 divides between Ludlam Elementary ↗ and Sunset Elementary ↗, with a few homes in Pinecrest Elementary ↗'s boundary.
- For middle and high school, most homes are in South Miami Middle ↗'s and South Miami Senior High ↗'s boundaries. About a third of the homes east of US-1 are in Ponce de Leon Middle ↗'s and Coral Gables Senior High ↗'s, and small parts are in Glades Middle ↗'s and Southwest Miami Senior High ↗'s, or Palmetto Middle ↗'s and Miami Palmetto Senior High ↗'s.
Which school an address is assigned to is set by the school district (Miami-Dade County GIS, attendance boundary layers edited September 21, 2026).
The airport and Brickell. By road, without traffic, from either side of US-1:
- Miami International Airport's Central Terminal is about 9 miles away, 21 minutes;
- Brickell City Centre is about 9 miles away, 18 minutes.
Traffic adds to every time (OSRM routing on OpenStreetMap data, from the median home of each area, read October 26, 2026).
Getting around and parks. The City's Metrorail station stands at 5949 Sunset Drive, by Miami-Dade County's station layer. Its parks include Palmer Park, Brewer Park, All-America Park, the Murray Park Aquatic Center, Dante Fascell Park, Fuchs Park and Van Smith Park, by the County's park layer.
Schools and roads by area: the attendance boundaries' tallies of homes, and the road to the airport and to Brickell without traffic
| Area | Homes | Elementary boundary, homes | Middle | High | MIA Central Terminal | Brickell City Centre |
|---|---|---|---|---|---|---|
| North of US-1 | 5,543 | Ludlam Elementary ↗ 2,953; South Miami K-8 Center ↗ 1,756; David Fairchild Elementary ↗ 532; Blue Lakes K-8 Center ↗ 214; Sunset Elementary ↗ 88 | South Miami Middle ↗ 5,207; Glades Middle ↗ 247; Ponce de Leon Middle ↗ 89 | South Miami Senior High ↗ 5,208; Southwest Miami Senior High ↗ 247; Coral Gables Senior High ↗ 88 | 9.5 mi · 21 min | 9.3 mi · 18 min |
| East of US-1 | 1,008 | Ludlam Elementary ↗ 655; Sunset Elementary ↗ 334; Pinecrest Elementary ↗ 19 | South Miami Middle ↗ 655; Ponce de Leon Middle ↗ 334; Palmetto Middle ↗ 19 | South Miami Senior High ↗ 655; Coral Gables Senior High ↗ 334; Miami Palmetto Senior High ↗ 19 | 9.2 mi · 21 min | 9.0 mi · 18 min |
Who buys in South Miami
What buyers buy. Of the 209 homes bought in South Miami for $200,000 or more from October 2025 to August 2026, 133 were houses and 76 condominium units, by Miami-Dade County's property record:
- North of US-1 holds most of both: 103 houses and 71 units.
- East of US-1 had 30 houses and 5 units.
Where the tax bill goes. Of the 133 houses, 83 have their tax bill mailed to the house itself and 42 elsewhere in Miami-Dade; 5 go elsewhere in Florida, 3 to other states and none abroad. Of the 76 condominium units, 42 are billed at the unit and 26 elsewhere in Miami-Dade; 6 go elsewhere in Florida, 1 to another state and 1 abroad (Miami-Dade County Property Appraiser, parcel record, read October 26, 2026).
A tax bill shows where an owner receives it today, not where the owner came from, and an owner who buys through a company or an attorney in Miami receives it there.
Houses bought, October 2025 to August 2026, and where the tax bill goes, by area
| Area | Houses | Billed at the house | Elsewhere in Miami-Dade | Rest of Florida | Other states | Abroad |
|---|---|---|---|---|---|---|
| North of US-1 | 103 | 63 | 33 | 4 | 3 | 0 |
| East of US-1 | 30 | 20 | 9 | 1 | 0 | 0 |
| South Miami | 133 | 83 | 42 | 5 | 3 | 0 |
Condominium units bought, October 2025 to August 2026, and where the tax bill goes, by area
| Area | Units | Billed at the unit | Elsewhere in Miami-Dade | Rest of Florida | Other states | Abroad |
|---|---|---|---|---|---|---|
| North of US-1 | 71 | 38 | 25 | 6 | 1 | 1 |
| East of US-1 | 5 | 4 | 1 | 0 | 0 | 0 |
| South Miami | 76 | 42 | 26 | 6 | 1 | 1 |
Source, both tables: Miami-Dade County Property Appraiser, parcel record, purchases of $200,000 or more, bulk deeds left out, read October 26, 2026.
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 Miami Market Questions
What was the median home price in South Miami in Q3 2026? $1,755,000 house median, Q3 2026+
Are South Miami home prices dropping? 6.0% higher than Q3 2025, houses+
What was the median home price in the City of South Miami? $1,395,000 City median, houses, Q3 2026+
How long does it take to sell a home in South Miami? 43 days to sell, median, Q3 2026+
What was the median condo price in South Miami in Q3 2026? $375,000 condo median, Q3 2026+
What was the highest home sale in South Miami in Q3 2026? $5,795,000 highest sale, Q3 2026+
How many South Miami homes sold for $2 million or more? 13 sales at $2 million or more, Q3 2026+
Is South Miami a city?+
Is South Miami expensive? $1,560,000 house median, 12 months to Sep 2026+
South Miami or Coral Gables? 18.9727 mills, 2025+
How far is South Miami from Coral Gables?+
Which public schools serve South Miami?+
What is South Miami known for?+
How the Figures Are Measured
How each figure is measured
Closed sales from MIAMI REALTORS® MLS, data as of October 19, 2026. South Miami is the City of South Miami (Miami-Dade County folio code 09) and the unincorporated part of ZIP 33143 (code 30), without High Pines, Ponce-Davis and the County's section 30-4034. A sale the MLS records twice is counted once, at its County deed. A median is stated only from five sales up. Price per square foot uses the listing's living area.
The middle price, or median. To see how a market is doing, you use its middle price, which reports call the median: line up every sale from lowest to highest and take the one in the center. Half of the homes sold for more than the median and half for less.
An example with made-up figures. Picture five sales lined up from lowest to highest: $400,000, $450,000, $500,000, $600,000 and $1,000,000. The median is the third one, $500,000: two homes sold for less and two for more. The average of those five sales would be $590,000, because you add them up and divide by five, and the $1,000,000 sale pulls it up.
Why this report uses the median, not the average. A single record sale moves a market's average, but barely moves its median. That is why Zillow, Realtor.com and the REALTORS® associations also report the median sale price.
What the reference price is for. The median is for reading a market: comparing one quarter with another and one area with another.
It does not set the price of your home. Your home's price comes from its own comparable sales, similar homes nearby that sold recently, which is what a comparative market analysis (CMA) measures.
Plain words used on the page
- Median or typical price: half of the homes sold for more, half for less.
- How close to asking (sale-to-list): the sale price as a share of the last asking price.
- Days to sell (days on market): how many days a home that sold was listed, as the MLS counts them.
- Price per square foot: the price divided by the living area.
- Waterfront: the listing's MLS mark; for a condominium, its building's.