The median home sale price in Miami increased 2.7% in January compared to the same month last year, which ranks among the top-performing major metros nationally.
Miami home prices rise in January, reversing late-2025 declines
Miami’s median home sale price rose 2.7% year-over-year in January to $570,000, ending two consecutive months of annual price declines and marking a modest return to growth. Even so, January posted one of Miami’s slowest appreciation rates in recent years, highlighting a continued cooling from the rapid gains earlier in the decade. Over five years, Miami’s median price has climbed 52%, far outpacing national growth of 29% over the same period.
Price performance varied by home type
Detached home prices climbed 3.7% year-over-year to $700,000 and have increased 51% over the past five years. Attached home prices rose 0.9% to $469,000, with five‑year appreciation totaling 53.6%. Condo prices saw the strongest annual gain, rising 5.9% to $405,000, a notable turnaround after declining in 7 of 12 months last year. Condo prices are up 48.6% over the past five years.
Miami's prices are among the highest nationally
Miami’s median price of $570,000 ranks 9th among the top 40 markets nationally and sits 52% above the national median. Miami’s median detached price is 85% higher than the U.S. median, attached homes are 27% higher, and condos are about 11% more expensive than their national counterparts. Still, Miami's median home price remains 35% to 60% below more expensive coastal metros like New York and the Bay Area.
For questions and commentary about this report:
Chris Montgomery, Senior Market Analyst at CoStar and Homes.com, based in Miami, is available for interviews to provide expert insights on this data and the broader residential real estate market.
Chris Montgomery
Senior Market Analyst
Homes.com
Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all home sales are accounted for, they provide an early indication of home sale price appreciation in Miami during January 2026.
Definition of Sale Prices
Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.
For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.
About the Homes.com Market Analytics Team
The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.
About Homes.com Analytics Data
The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.
The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.