The Downtown Miami housing market is not very competitive. The median sale price of a home in Downtown Miami was $624K last month, up 0.6% since last year. The median sale price per square foot in Downtown Miami is $629, down 5.9% since last year.
What is the housing market like in Downtown Miami today?
In September 2024, Downtown Miami home prices were up 0.6% compared to last year, selling for a median price of $624K. On average, homes in Downtown Miami sell after 114 days on the market compared to 82 days last year. There were 330 homes sold in September this year, down from 403 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$623,750
+0.6% YoY | Sep 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Sep 2024
Growth
% YoY
Downtown Miami, FL
$623,750
+0.6%
United States
To compare other locations to the Downtown Miami and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Miami add value to a home.
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How hot is the Downtown Miami housing market?
Downtown Miami is not very competitive. Homes sell in 106 days.
0
100
8
Not Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Multiple offers are rare.
The average homes sell for about 5% below list price and go pending in around 106 days.
Hot homes
can sell for about 2% below list price and go pending in around 56 days.
Miami-Dade Online Academy- Virtual Instruction Program
Public • K-12
343
Students
2 reviews
7/10
Southside Elementary School
Public • PreK-8
932
Students
27 reviews
3/10
Frederick R. Douglass Elementary School
Public • PreK-5
223
Students
4 reviews
Only showing 5 of
13 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Downtown Miami housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Miami.
Flood Factor - Major
91% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Miami has a major risk of flooding. 793 properties in Downtown Miami are likely to be
severely affected
by flooding over the next 30 years. This represents 91% of all properties in Downtown Miami. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Wind Factor - Extreme
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Downtown Miami has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Downtown Miami is most at risk from hurricanes. 1,453 properties in Downtown Miami have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 219 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 236 mph.