Prices, inventory, and demand — distilled every month into one clear verdict: buyer’s market or seller’s. The investor’s read, before you make an offer.
Yes, if you negotiate. Buyers have the upper hand in Miami right now.
You have the upper hand in Miami. Most homes for sale still have no buyer. Sellers are competing for you. Use it.
Only 22 out of every 100 homes for sale have found a buyer. The other 78 are still waiting. Your offer may be the only one on the table. Few sellers are dropping their price. Asking prices are holding firm. Your discount will come from one stale listing, not from the whole market.
A typical Miami home takes 84 days to find a buyer. Half of them take even longer. Those sellers are paying to own a house they want to sell. Search for homes listed 90+ days ago. There are 7,644 homes for sale in Miami. That is 2.8 times the tightest month on record, but below the peak of 10,462. Supply is shrinking against last year.
Asking prices are 19.2% below their Aug 2023 peak. You are not buying at the top. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller. Miami prices have risen in 85 of the last 108 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.
The discount is already here. It is not getting bigger. Buy now while sellers are still weak. Waiting for a lower price stopped working a year ago.
Most Miami households rent. 51 out of every 100 households are renters. That share has held steady for five years. Miami added about 22,000 renter households in five years. Renter households average 2.5 people. Two and three bedrooms fit the typical renter.
Households grew 11% in five years. The housing stock grew 8%. Demand is outrunning supply. 9.4% of homes sit empty. That is normal for a healthy market.
The median Miami household earns $75,798 a year. Incomes here have grown 6.8% a year since 2019. Incomes and home prices are rising in step. A typical home costs 11.3 times the median income. Most locals cannot buy. That keeps rental demand deep. It also caps the rent they can pay. A tenant on the median income can pay about $1,895 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast.
That is the market, not your address. Run an address through the app to see its rent estimate and cash flow.
Yes, if you negotiate. Buyers have the upper hand in Miami right now. 22 out of every 100 homes for sale have a buyer, 12% of sellers have cut their price, and a typical home takes 84 days to sell.
Asking prices are 19.2% below their Aug 2023 peak. You are not buying at the top. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller.
Assume +5.8% a year. Miami has grown about 5.8% a year for five years and for ten. That is a durable trend, not a boom artifact. It is a fair long-run input. Prices rose 1.1% over the last year. That is a timing signal, not a trend.
A typical Miami home takes 84 days to find a buyer. Half of them take even longer. Those sellers are paying to own a house they want to sell. Search for homes listed 90+ days ago.
Most Miami households rent. 51 out of every 100 households are renters. That share has held steady for five years. 9.4% of homes sit empty. That is normal for a healthy market.
A tenant on the median income can pay about $1,895 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast. The median Miami household earns $75,798 a year.
33136. Only 16 out of 100 homes there have a buyer. 15% of sellers there have cut their price, and a typical home takes 111 days to sell.
Where it isn't: 33165 ranks #6,902 in the country for buyer demand. Expect the least room to negotiate there.
ZIP 33132 is on both lists. That is rare. It is the one place in Miami where leverage and growth overlap.
| ZIP | $/sqft, 2 yrs | $/sqft now | Buyers per home | For sale |
|---|---|---|---|---|
| 33128 | +62.0% | $823 | 0.07 | 57 |
| 33133 | +15.1% | $1,141 | 0.26 | 298 |
| 33175 | +6.3% | $433 | 0.38 | 119 |
| 33146 | +6.3% | $1,107 | 0.24 | 68 |
| 33132 | +5.4% | $791 | 0.09 | 740 |
Computed from each ZIP's own ten-year history. ZIPs with fewer than 10 homes for sale are excluded: a median across a handful of listings is noise, not a signal.
Miami has 90 ZIP codes. Each links to its live market dashboard.
Closest matches on asking price, price per square foot, days to sell, buyer demand, and price cuts.
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