The Downtown Miami housing market is not very competitive. Homes in Downtown Miami receive 1 offers on average and sell in around 113 days. The median sale price of a home in Downtown Miami was $665K last month, up 7.3% since last year. The median sale price per square foot in Downtown Miami is $618, down 4.8% since last year.
What is the housing market like in Downtown Miami today?
In February 2025, Downtown Miami home prices were up 7.3% compared to last year, selling for a median price of $665K. On average, homes in Downtown Miami sell after 113 days on the market compared to 99 days last year. There were 253 homes sold in February this year, down from 272 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$665,000
+7.3% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Downtown Miami, FL
$665,000
+7.3%
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 116.5 days.
0
100
12
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 4% below list price and go pending in around 117 days.
Hot homes
can sell for about 1% below list price and go pending in around 62 days.
Miami-Dade Online Academy- Virtual Instruction Program
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Only showing 5 of
14 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 - Extreme
94% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Miami has an extreme risk of flooding. 824 properties in Downtown Miami are likely to be
severely affected
by flooding over the next 30 years. This represents 94% 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.