All Home Types
Miami, FL Housing Market
What is the housing market like in Miami today?
In September 2024, Miami home prices were up 5.5% compared to last year, selling for a median price of $620K. On average, homes in Miami sell after 79 days on the market compared to 60 days last year. There were 379 homes sold in September this year, down from 456 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$620,000
+5.5% YoY | Sep 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Sep 2024
Growth
% YoY
Miami, FL
$620,000
+5.5%
United States
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Miami Migration & Relocation Trends
In Jul '24 - Sep '24, 29% of Miami homebuyers searched to move out of Miami, while 71% looked to stay within the metropolitan area.
- Across the nation, 2% of homebuyers searched to move into Miami from outside metros.
- New York homebuyers searched to move into Miami more than any other metro followed by Washington and Boston.
Where are people moving to Miami from?
- 71% of Miami homebuyers searched to stay within the Miami metropolitan area.
- Cape Coral was the most popular destination among Miami homebuyers followed by Orlando and Jacksonville.
Where are people from Miami moving to?
Number of People Moving to Miami
least
most
People are moving to Miami from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Jul '24 - Sep '24 | ||
| 1 | 5,404 | ||
| 2 | 1,472 | ||
| 3 | 1,273 | ||
| 4 | 900 | ||
| 5 | 852 | ||
| 6 | 742 | ||
| 7 | 591 | ||
| 8 | 215 | ||
| 9 | 187 | ||
| 10 | 105 | ||
People are leaving Miami for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Jul '24 - Sep '24 | ||
| 1 | 2,373 | ||
| 2 | 1,851 | ||
| 3 | 918 | ||
| 4 | 842 | ||
| 5 | 831 | ||
| 6 | 631 | ||
| 7 | 628 | ||
| 8 | 574 | ||
| 9 | 567 | ||
| 10 | 415 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Miami.
Provided by First Street Foundation
Transportation in Miami
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