Is Miami a buyer's or seller's market right now?

Miami is currently a buyer's market with 12.5 months of supply. 4.2% of homes sell above asking price, and 13.1% go pending within two weeks. The Ridley Sell Score for Miami is 14/100 (Emerging), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Miami?

The median home price in Miami is $610,000, down 7.2% year-over-year. The median price per square foot is $528. Homes sell in a median of 115 days with a sale-to-list ratio of 93.4%.

How much does it cost to sell a home in Miami, Florida?

On a $610,000 home in Miami, a traditional listing agent charges around $18,300 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $48,800 or more. With Ridley Essentials ($999) you save $17,301, and with Ridley Pro ($3,499) you save $14,801 while getting full agent support.

How does Ridley's flat fee compare to a traditional Miami agent?

A traditional Miami listing agent typically charges 3% of the sale price — about $18,300 on a $610,000 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $17,301–$14,801 compared to a traditional agent.

How long does it take to sell a home in Miami?

The median home in Miami currently spends 115 days on the market before going under contract. 13.1% of homes go pending within two weeks. At a 93.4% sale-to-list ratio, sellers are seeing some negotiation. Only 17.3% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in Florida?

No. Florida does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $610,000 home, that could save you up to $14,801.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in Florida. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $18,300 commission.

National/Florida

Miami, FL

Is Now a Good Time to Sell in Miami, Florida?

The median home in Miami sells for $610,000 with prices down 7.2% year-over-year. The average seller pays $18,300 in commissions — Ridley’s flat fee saves you $14,801.

Miami Real Estate Market Conditions — March 2026

14out of 100

Ridley Sell Score

How it's scored →

Emerging

14/100

A buyer-friendly market — Ridley's flat fee helps you keep more equity.

What this means for sellers

Miami is currently a buyer's market, and sellers should plan accordingly. Expect longer days on market and more price negotiation. The best strategy is to price competitively from day one, invest in presentation, and be open to concessions. Sellers who are patient and realistic about pricing can still close — and Ridley's flat fee means more of the sale price stays in your pocket.

Inventory TightnessFavors buyers

12.5 months of supply — above the 5-month balanced threshold, giving buyers more options. Florida average is 8.2.

Price MomentumFavors buyers

Prices down 7.2% year-over-year — vs. -1.8% statewide.

Seller LeverageFavors buyers

Homes selling at 93.4% of asking — buyers are negotiating 6.6% below list. Florida average is 95.5%.

Bidding ActivityFavors buyers

4.2% of homes selling above list price — 42% below the Florida average of 7.3%.

Sale SpeedFavors buyers

115 median days on market — 30 days slower than the Florida average.

Market UrgencyFavors buyers

13.1% of listings go pending within 2 weeks — vs. 20.4% statewide.

Price StabilityNeutral

17.3% of listings have dropped their price. Florida average is 29.5%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$610,000

-7.2%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

115

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$528

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

93.4%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

12.5

Buyer’s market

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Somewhat Competitive

Sold Above List

Percentage of homes that sold for more than their list price.

4.2%

Room to negotiate

Price Drops

Percentage of active listings that had a price reduction.

17.3%

Well-priced market

Pending in 2 Weeks

Percentage of listings that went under contract within 14 days.

13.1%

Slower pace

12-Month Price Trend

$650,000 → $610,000

▼6.2%

$660K$640K$620K$600K

AprJunAugOctDecFebMar

Data updated March 2026

Get AI-powered market intelligence

Personalized pricing signals, demand shifts, and Sell Score changes for Miami — delivered monthly.

Your savings

How much can you save selling your home in Miami?

The average Miami homeowner saves $14,801 by selling with Ridley instead of paying the traditional 3% listing commission on a $610,000 home.

$0Estimated savings

That's a dream family vacation — save 2.4% of your home value

Your Miami home value

$610,000

$50,000$10M

Traditional Agent (3%)

$18,300

Ridley Pro (flat fee)

$3,499

Ready to sell in Miami?

Get a personalized selling strategy with AI-powered pricing analysis

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Cost comparison

How much does it cost to sell a house in Miami?

The total cost to sell a house in Miami in 2026 ranges from $999 with Ridley Essentials to approximately $18,300 with a traditional 3% commission on a $610,000 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$18,300	$3,499	$999	$0
Buyer agent	$17,0802.8% avg	$12,200~2% avg	$12,200~2% avg	$17,0802.8% avg
Closing costs (~1.5%)	$9,150	$9,150	$9,150	$9,150
Total cost	$44,530	$24,849	$22,349	$26,230
Net proceeds	$565,470	$585,151	$587,651	$583,770
You save	—	$14,801	$17,301	$18,300No support