In April, 79.5% of Miami Homes Sold Below List Price
Zillow's data through April 30 had four out of five Miami sellers taking less than they asked, and homes are sitting longer. This is the negotiation era, and it rewards an evidence-based offer over a hopeful one.
Updated Oct 15, 2026: the headline now dates the 79.5% figure, which is Zillow data through April 30, and the post now credits Zillow, Realtor.com and Homes.com for their numbers.
The leverage is shifting, and the data shows it plainly. As of April 30, 79.5% of Miami homes sold below list price, and only 8% sold above list, according to Zillow data reported by Islander News. The median sale price was $593,167, per Zillow, and the median time on market stretched to 80 days, up 3.8% year over year and up 41.38% versus three years ago.
Supply and demand both tell the same story. Realtor.com counted 10,109 active listings in June, down 6.72% year over year, while rentals available jumped 16.12% to 13,310. Homes.com had May sales down 5.2% year over year, with townhomes down 13.1%, condos down 6.2%, and single-family homes down 2.0%.
What this means if you're buying
One honesty note first, because it matters. This read looks more buyer-soft than the MIAMI REALTORS numbers from May. That's not a contradiction, it's a difference in slices and methods, and both are real. I read both before I price anything, and you should be skeptical of anyone who only quotes the report that fits their pitch. My own count of condo closings in 16 Miami neighborhoods points the same way for July to September: a median 94.6% of the last asking price (Q3 data note).
My read: with four out of five sellers taking less than ask and homes sitting for 80 days, this is a negotiation market, not an auction. That doesn't mean lowball everything. It means an evidence-based offer beats a hopeful one on both sides. As a buyer, you want the days-on-market and the price-cut history on your specific target, then an offer built on those comps. The homes that have been sitting are where your leverage actually lives.
- Target the sitters. Homes past the 80-day median are where sellers are most negotiable.
- Ask for the price history. A listing that's already been cut is telling you where it will land.
- Bring the comps, not a feeling. An offer backed by recent sales is harder to dismiss than a round-number lowball.
- Read both reports. Buyer-soft and seller-friendly data can both be true. Price off the full picture.
I'll show you which Miami listings have actually been sitting and cutting, then build you an offer backed by the comps, not hope.
Start your buyer search →
