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Jorge Guanche reviewing Miami real estate market data

MARKET INTELLIGENCE

Miami Real Estate Market: The Eight Neighborhoods I Cover

Single-family market data for the eight southwest Miami-Dade neighborhoods I cover, refreshed every quarter from MLS closings classified by each property's actual location rather than its MLS label.

Where the market stands now

These are the Q3 2026 figures, the most recent full quarter: single-family closings from July through September, measured against the same months a year earlier. Across all eight neighborhoods the median was $1,650,000, up 10.0%, on 438 closings, and homes went under contract in a median 42 days. Supply stood at 4.2 months on October 4.

Q3 2026 single-family results for the eight southwest Miami-Dade neighborhoods: median sold price with year-over-year change, median price per square foot with year-over-year change, and median days to contract. Prices in US dollars. Source: SE Florida MLS via Compass, classified by mapped location.
NeighborhoodMedian SoldYoYMedian $/SF$/SF YoYDays to Contract
Coconut Grove$2,800,000+21.7%$1,245+30.4%45
Kendall$1,200,000+13.5%$496+11.1%41.5
Pinecrest$2,900,000+14.4%$832+9.9%43
Coral Gables$2,102,500+12.1%$923+3.0%40
South Miami$1,391,500+10.9%$738+4.2%43
Palmetto Bay$1,200,000+9.4%$502+2.9%41
Glenvar Heights$1,810,000+4.6%$823+18.3%40
High Pines + Ponce-Davisn/mn/mn/m

High Pines + Ponce-Davis closed 3 sales in the quarter, too few for a meaningful median; over the trailing twelve months, High Pines had a $3,200,000 median on 21 sales and Ponce-Davis $8,075,000 on 24. Glenvar Heights (17 sales) and South Miami (22) are small samples. Source: SE Florida MLS via Compass, Q3 2026 vs Q3 2025, single-family homes classified by mapped location. Full analysis in the Q3 2026 report.

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