The Miami real estate market in 2025 is experiencing dynamic shifts, characterized by rising home prices, robust demand, and challenges related to affordability and insurance costs.

Home Prices and Market Activity

As of early 2025, the average home value in Miami stands at approximately $590,090, reflecting a 2.4% increase over the past year. The median sale price for single-family homes is projected to rise by nearly 10% in 2025, indicating a continued seller’s market. Some market expertes are signaling that this trend will end due to a rise in inventory.

Luxury Market and High-End Demand

Miami's luxury real estate sector remains vibrant, with high-end properties, including those over $100 million, attracting affluent buyers seeking the city's favorable climate and tax benefits. Neighborhoods like Brickell have become hotspots, offering luxury condominiums and attracting major businesses, further boosting property values.

Inventory 

While the current market exhibits a tight inventory, especially for single-family homes, with a current supply of 4.7 months, favoring sellers. Additionally, approximately 32.9% of real estate transactions in Miami are cash sales, significantly higher than the national average, highlighting the city's appeal to international investors. An expected rise in inventory due to the high demand is expected to level off the market as it has been seen in other metropolitan cities around the state.