Miami Billionaire Migration Leaves Middle Earners Behind
How Expensive Is Miami Housing Now? Rising prices continue to define Miami housing. The average home value has climbed to $582,621, and recent median sale measures range from $652,000 to $680,000, depending on the reporting window. International demand remains a major force, with Latin American buyers driving much of the global interest in Miami real estate. That pricing places steady pressure on affordability. Miami-Dade single-family median sale prices have reached $699,990, while active listings show a $649,000 median based on asking prices rather than closed deals. Palm Beach County’s median single-family home price in January even surpassed Miami-Dade’s, underscoring regional price strength . Price Pressure Widens Across Segments Price per square foot remains elevated at roughly $524 to $532, even after annual declines. In Coral Gables, single-family homes reached $1,021 per square foot, while some luxury and new construction properties exceed $1,080. The condo decline is visible...