Miami Shores Real Estate Market Report – October 2026

Miami Shores Home Prices, Inventory, Days on Market and 12-Month Trends

Data through October 2026 | Rolling 12-Month Residential Analysis

Miami Shores Market Summary – October 2026

Pricing

• Closed sale price per square foot: $718
• Average closed home price: $1,500,000
• Active listing price per square foot: $732
• Average active listing price: $1,700,000
• Average negotiation: 7 percent below asking

Market Activity

• Homes sold past 12 months: 156
• Active listings: 48
• Estimated months of inventory: 3.7 months
• Total households: 3,637
• Annual turnover rate: approximately 4.3 percent

Market Timing

• Average days on market for homes that sold: 136 days
• Average age of current active listings: 219 days

This reflects the most recent 12 months of Miami Shores real estate activity through October 2026.

What Is Happening in the Miami Shores Real Estate Market?

The number I watch first is closed sale price per square foot, now $718.

Current sellers are asking an average of $732 per square foot, only about 2 percent above what buyers have recently paid. That is a relatively small spread between asking and closed price per square foot.

Average closed price is $1.5M, while homes currently for sale average $1.7M.

With 48 homes currently available and 156 sales over the past 12 months, Miami Shores has approximately 3.7 months of inventory. Supply remains relatively low, but buyers are still negotiating an average of 7 percent from the original asking price.

What Has Changed Since June?

Pricing is where the clearest change has occurred.

Closed price per square foot increased from $683 in June to $718 in October, an increase of about 5 percent. Average closed price also moved from $1.4M to $1.5M.

Even more interesting is the relationship between asking and selling prices. In June, active listings averaged $846 per square foot compared with $683 for closed sales, a 24 percent difference. Today, active listings are averaging $732 per square foot compared with $718 for closed sales, a difference of only about 2 percent.

Sales activity has remained consistent, with 156 homes closing during the current rolling 12-month period compared with 152 in June.

The October market shows higher closed pricing, steady sales activity, and a much smaller gap between what sellers are asking per square foot and what buyers have actually been willing to pay.

Is Miami Shores a Buyer’s or Seller’s Market?

Approximately 3.7 months of inventory gives sellers an advantage because buyers still have relatively limited choices.

But limited inventory does not mean sellers can ignore the market. Homes that sold during the past year closed an average of 7 percent below their original asking price.

The numbers point to a market that favors sellers on supply while still rewarding realistic pricing.

How Active Is the Miami Shores Housing Market?

There were 156 closed sales over the past 12 months among approximately 3,637 households, representing an annual turnover rate of about 4.3 percent.

That means roughly one in every 23 Miami Shores households changed hands during the period.

With 156 closed sales over the past 12 months, Miami Shores continues to show consistent transaction activity despite relatively limited inventory.

What Does Market Time Tell Us?

The homes that successfully sold during the past 12 months spent an average of 136 days on the market.

The homes currently for sale have already accumulated an average of 219 days and remain active.

Those are two different groups of properties, so the numbers should not be treated as a direct comparison of selling time. What they do tell us is that limited inventory alone is not enough to guarantee a quick sale.

Miami Shores Real Estate FAQ – October 2026

Are Miami Shores home prices increasing?

The rolling 12-month closed price per square foot increased from $683 in June to $718 in October, an increase of approximately 5 percent. Average closed price also increased from $1.4M to $1.5M.

Is Miami Shores inventory low?

Yes. There are currently 48 active listings against 156 sales during the past 12 months, representing approximately 3.7 months of inventory.

Are sellers and buyers getting closer on price?

On a price-per-square-foot basis, yes. In June, active listings were asking 24 percent more per square foot than the rolling average for closed sales. That difference is now approximately 2 percent.

Does the $718 average price per square foot determine what my Miami Shores home is worth?

No. It is a useful benchmark because it reflects what buyers actually paid, but Miami Shores homes vary considerably. Location, lot size, condition, architecture, renovations and other property-specific characteristics can materially affect value.

Deep Roots. Real Data.

I grew up in Miami Shores, raised my family here, live here today, and have worked this market for 20 years. That history gives me context for the numbers, while leading a 200-agent team gives me a broader view of what’s happening across the market.

If you’re buying or selling in Miami Shores, the averages are a starting point. The real question is how your property, or the one you’re considering, fits within them.

About This Miami Shores Real Estate Report

This Miami Shores Real Estate Market Report is compiled and interpreted by Ines Hegedus-Garcia, Managing Partner of Avanti Way East Miami and founder of Miamism.

Data is sourced from MLS activity and reflects rolling 12-month residential performance through October 2026. Reports are published consistently to create a structured, data-driven archive of Miami Shores real estate trends consistently to create a structured, data-driven archive of Miami Shores real estate trends.