FLORIDA LUXReal Estate

South Miami, FL Real Estate Guide

South Miami surrounds a genuinely walkable core — the shops and restaurants of Sunset Drive alongside the Metrorail — with quiet single-family streets fanning out from it. The hospital district steadies demand, and both the Gables and the Grove are five minutes off.

South Miami Market Snapshot

Every figure below is computed from closed MLS transactions in South Miami over the trailing twelve months — what buyers and tenants actually paid, not asking prices — and refreshes continuously.

117
Homes sold, last 12 months
$922K
Median sale price
$560
Median price per sqft
50 days
Median time on market
202
Leases signed, last 12 months
$2,675/mo
Median rent achieved
$3
Median rent per sqft
36 days
Median time to lease
Homes Sold per Month
8Sep14Oct5Nov10Dec13Jan8Feb11Mar12Apr15May12Jun6Jul3Aug
Median Sale Price per Month
$1.6M$570KSepOctNovDecJanFebMarAprMayJunJulAug
Median Sale Price by Bedrooms
BedroomsSalesMedian price
1 bd4$249,000
2 bd23$380,000
3 bd46$857,500
4 bd29$1,350,000
5+ bd15$4,850,000
Sales by Property Type
TypeSalesMedian price
Single Family Residence81$1,325,000
Condominium27$372,000
Townhouse9$638,000
12-Month Sales Trend
MonthHomes soldMedian price
Sep 20258$950,000
Oct 202514$797,250
Nov 20255$1,125,000
Dec 202510$658,750
Jan 202613$1,550,000
Feb 20268$1,070,750
Mar 202611$1,200,000
Apr 202612$961,250
May 202615$800,000
Jun 202612$855,000
Jul 20266$1,637,500
Aug 20263$570,000
Median Rent by Bedrooms
BedroomsLeasesMedian rent
Studio18$1,300/mo
1 bd55$1,950/mo
2 bd45$2,700/mo
3 bd50$4,825/mo
4 bd24$6,750/mo
5+ bd10$14,875/mo

Buying a Home in South Miami

A smart South Miami purchase begins with knowing what moves its market: a walkable Sunset Drive downtown on the Metrorail. Use the bedroom and property-type tables above to benchmark the segment you're shopping, then open the live map search to see what's on the market right now — every listing links through to full photos, details and a direct line to a licensed Florida broker.

In Florida, a financed purchase generally closes in 30 to 45 days, while an all-cash deal can wrap in as little as two weeks. A condo adds a board-approval step, and anything near the water carries insurance questions worth pricing before you write an offer — both are routine parts of a South Miami transaction when you plan for them early.

Renting in South Miami

Rentals turn over faster than sales — a well-priced South Miami unit is often under lease within weeks, and most annual leases ask for first month, last month and a security deposit up front. The rent tables above show what tenants actually committed to by bedroom count over the past year, and the live rental search lists every home and condo on offer today.

Featured Listings in South Miami

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South Miami Real Estate FAQ

Is South Miami a good place to buy a home?

South Miami is known for a walkable Sunset Drive downtown on the Metrorail, and that character is what sustains demand over time. Let the figures on this page do the arguing — real closed sales, the median sale price, and how long homes sat before selling over the trailing twelve months.

What is the median home price in South Miami?

The snapshot above reports the current 12-month median sale price for South Miami, together with price per square foot and medians split out by bedroom count and property type. Every figure is calculated from closed MLS sales and refreshed continuously — not lifted from a report that's already months old.

Condo or house in South Miami — which should I buy?

The property-type table above breaks South Miami sales into condos, single-family homes and townhomes, and shows where each segment's median landed over the past year. A condo brings monthly association dues and a board-approval step; a house carries its own insurance and upkeep. Each property type has its own live search page linked below.

Where can I see every home for sale in South Miami?

Open the South Miami map search — it shows every active MLS listing in the city, updated continuously, with the city boundary traced on the map and filters for property type, bedrooms and price.

Discover Your Perfect Home

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Bedroom Size Homes in South Miami
Homes by Price in South Miami
Lifestyle & New in South Miami
Rentals in South Miami
Selling a Home?
Homes Nearby South Miami: Neighborhoods
Homes Nearby South Miami: Cities
Homes Nearby South Miami: ZIP Codes