Miami Condo Index · monthly since January 2020
What Miami condos actually close for, month by month.
Median closed price per square foot, days on market, sale-to-list and lease rates for condo buildings in 17 Miami neighborhoods. Built from 52,500 closed sales and 93,783 closed leases since January 2020. Each month is a rolling 3-month median, published only when at least 15 closings back it.
At a glance The Miami Condo Index median closed price was $547 per square foot in the 3 months ending September 2026, over 1,327 sales, -0.5% on a year earlier. 5,701 condo sales closed in the 12 months ending September 2026, +10.7% on the 12 months before. The index covers 2,124 condo buildings in 17 Miami neighborhoods, monthly since January 2020. Source: Miami MLS via Bridge IDX; analysis by Enrique Ponte Ojeda, pulled Oct 26, 2026.
3 months ending September 2026 · n 1,327 sales · MLS data pulled Oct 26, 2026
The index
Pick a neighborhood and a measure.
Amber is the neighborhood you pick. Grey is all 17 neighborhoods together. Hover or tap the chart, or focus it and use the arrow keys, to read any month with its sample size.
Median closed price per sq ft, All 17 neighborhoods
Rolling 3-month median, Jan 2020 to Sep 2026
Show every month as a table
| Month | $/SF | n (3 mo) | Sales that month | Leases that month |
|---|---|---|---|---|
| Sep 2026 | $547 | 1,327 | 418 | 1,158 |
| Aug 2026 | $546 | 1,464 | 404 | 1,217 |
| Jul 2026 | $544 | 1,556 | 519 | 1,236 |
| Jun 2026 | $558 | 1,619 | 556 | 1,245 |
| May 2026 | $558 | 1,623 | 498 | 1,139 |
| Apr 2026 | $562 | 1,574 | 581 | 1,014 |
| Mar 2026 | $550 | 1,395 | 559 | 1,181 |
| Feb 2026 | $560 | 1,340 | 448 | 1,032 |
| Jan 2026 | $558 | 1,243 | 398 | 1,100 |
| Dec 2025 | $556 | 1,311 | 504 | 1,253 |
| Nov 2025 | $551 | 1,214 | 348 | 1,101 |
| Oct 2025 | $545 | 1,274 | 468 | 1,275 |
| Sep 2025 | $550 | 1,227 | 407 | 1,184 |
| Aug 2025 | $561 | 1,286 | 410 | 1,359 |
| Jul 2025 | $571 | 1,369 | 422 | 1,274 |
| Jun 2025 | $578 | 1,450 | 464 | 1,248 |
| May 2025 | $579 | 1,499 | 495 | 1,174 |
| Apr 2025 | $582 | 1,389 | 504 | 986 |
| Mar 2025 | $579 | 1,240 | 515 | 1,035 |
| Feb 2025 | $572 | 1,157 | 381 | 1,056 |
| Jan 2025 | $574 | 1,137 | 353 | 1,080 |
| Dec 2024 | $582 | 1,189 | 432 | 1,144 |
| Nov 2024 | $586 | 1,129 | 363 | 1,154 |
| Oct 2024 | $576 | 1,177 | 406 | 1,171 |
| Sep 2024 | $578 | 1,281 | 370 | 1,193 |
| Aug 2024 | $556 | 1,461 | 410 | 1,336 |
| Jul 2024 | $566 | 1,694 | 509 | 1,273 |
| Jun 2024 | $561 | 1,865 | 554 | 1,228 |
| May 2024 | $582 | 1,862 | 643 | 1,098 |
| Apr 2024 | $575 | 1,680 | 680 | 1,106 |
| Mar 2024 | $571 | 1,397 | 552 | 1,084 |
| Feb 2024 | $565 | 1,314 | 460 | 1,108 |
| Jan 2024 | $566 | 1,292 | 399 | 1,068 |
| Dec 2023 | $565 | 1,397 | 467 | 1,216 |
| Nov 2023 | $557 | 1,475 | 444 | 1,243 |
| Oct 2023 | $550 | 1,656 | 504 | 1,220 |
| Sep 2023 | $548 | 1,728 | 545 | 1,256 |
| Aug 2023 | $554 | 1,876 | 620 | 1,356 |
| Jul 2023 | $558 | 1,971 | 576 | 1,179 |
| Jun 2023 | $563 | 2,026 | 689 | 1,231 |
| May 2023 | $555 | 2,082 | 723 | 1,136 |
| Apr 2023 | $551 | 1,853 | 630 | 896 |
| Mar 2023 | $548 | 1,657 | 753 | 1,024 |
| Feb 2023 | $545 | 1,411 | 491 | 924 |
| Jan 2023 | $546 | 1,466 | 434 | 943 |
| Dec 2022 | $546 | 1,622 | 502 | 1,163 |
| Nov 2022 | $550 | 1,759 | 544 | 1,176 |
| Oct 2022 | $547 | 1,876 | 591 | 1,105 |
| Sep 2022 | $534 | 1,974 | 639 | 1,132 |
| Aug 2022 | $536 | 2,319 | 665 | 1,238 |
| Jul 2022 | $554 | 2,836 | 691 | 1,149 |
| Jun 2022 | $555 | 3,432 | 993 | 1,108 |
| May 2022 | $538 | 3,997 | 1,185 | 1,005 |
| Apr 2022 | $521 | 3,915 | 1,306 | 895 |
| Mar 2022 | $504 | 3,536 | 1,576 | 963 |
| Feb 2022 | $475 | 3,169 | 1,106 | 843 |
| Jan 2022 | $461 | 3,132 | 923 | 798 |
| Dec 2021 | $449 | 3,164 | 1,193 | 953 |
| Nov 2021 | $434 | 2,925 | 1,075 | 996 |
| Oct 2021 | $424 | 2,966 | 960 | 964 |
| Sep 2021 | $417 | 3,337 | 963 | 1,059 |
| Aug 2021 | $411 | 3,885 | 1,135 | 1,135 |
| Jul 2021 | $406 | 4,092 | 1,343 | 1,086 |
| Jun 2021 | $399 | 4,177 | 1,532 | 1,214 |
| May 2021 | $390 | 3,944 | 1,333 | 1,199 |
| Apr 2021 | $384 | 3,392 | 1,429 | 1,280 |
| Mar 2021 | $378 | 2,615 | 1,283 | 1,462 |
| Feb 2021 | $359 | 2,143 | 762 | 1,490 |
| Jan 2021 | $348 | 1,975 | 631 | 1,552 |
| Dec 2020 | $340 | 1,980 | 791 | 1,671 |
| Nov 2020 | $342 | 1,724 | 586 | 1,543 |
| Oct 2020 | $346 | 1,640 | 628 | 1,564 |
| Sep 2020 | $343 | 1,532 | 528 | 1,383 |
| Aug 2020 | $333 | 1,342 | 499 | 1,449 |
| Jul 2020 | $325 | 1,074 | 518 | 1,594 |
| Jun 2020 | $325 | 855 | 337 | 1,397 |
| May 2020 | $334 | 1,088 | 232 | 678 |
| Apr 2020 | $340 | 1,316 | 293 | 443 |
| Mar 2020 | $340 | 1,411 | 572 | 960 |
| Feb 2020 | $343 | 1,395 | 461 | 1,058 |
| Jan 2020 | $339 | 1,366 | 389 | 1,144 |
17 neighborhoods
Where price per square foot stands now.
Median closed $/SF for the 3 months ending September 2026, and the change from the same window a year earlier. Bars are scaled to the highest neighborhood. Each row opens that neighborhood's buildings.
A neighborhood median moves with the mix of buildings that trade in the window, so a jump can mean pricier buildings sold rather than every unit gaining value. Each building's own record is on its page. Neighborhoods with fewer than 15 sales in the window are not published.
Last 12 months
All 17 neighborhoods, month by month.
Medians are rolling 3-month figures. Closed sales and closed leases are counts for that calendar month.
| Month | Median $/SF | vs year before | Closed sales | Days on market | Sale-to-list | Lease $/SF/mo | Closed leases | n, $/SF (3 mo) |
|---|---|---|---|---|---|---|---|---|
| September 2026 | $547 | -0.5% | 418 | 83 | 94.6% | $3.84 | 1,158 | 1,327 |
| August 2026 | $546 | -2.7% | 404 | 86 | 94.7% | $3.82 | 1,217 | 1,464 |
| July 2026 | $544 | -4.7% | 519 | 86 | 94.8% | $3.81 | 1,236 | 1,556 |
| June 2026 | $558 | -3.5% | 556 | 88 | 94.7% | $3.79 | 1,245 | 1,619 |
| May 2026 | $558 | -3.6% | 498 | 88 | 94.5% | $3.75 | 1,139 | 1,623 |
| April 2026 | $562 | -3.4% | 581 | 92 | 94.4% | $3.72 | 1,014 | 1,574 |
| March 2026 | $550 | -5.0% | 559 | 92 | 94.2% | $3.72 | 1,181 | 1,395 |
| February 2026 | $560 | -2.1% | 448 | 91 | 94.4% | $3.75 | 1,032 | 1,340 |
| January 2026 | $558 | -2.8% | 398 | 89 | 94.5% | $3.80 | 1,100 | 1,243 |
| December 2025 | $556 | -4.5% | 504 | 89 | 94.6% | $3.83 | 1,253 | 1,311 |
| November 2025 | $551 | -6.0% | 348 | 92 | 94.4% | $3.80 | 1,101 | 1,214 |
| October 2025 | $545 | -5.4% | 468 | 91 | 94.4% | $3.78 | 1,275 | 1,274 |
Methodology
How the index is built.
Every number on this page comes from closed MLS records already on this site's building pages. Nothing is estimated or modeled.
- Source
- Closed condo sales and leases from the Miami MLS (MIAMI REALTORS) through the Bridge IDX feed, matched to buildings by address. The pull behind this page ran on October 26, 2026.
- Coverage
- 2,124 condo buildings in 17 Miami neighborhoods: Coconut Grove, Coral Gables, Key Biscayne, Brickell, Downtown, Edgewater, Midtown, Fisher Island, South Beach, Mid-Beach, North Beach, Miami Beach, Surfside, Bal Harbour, Bay Harbor Islands, Sunny Isles Beach, Aventura. It is not all of Miami-Dade, and it leaves out single-family homes.
- Period
- January 2020 to September 2026, the last full month before the pull. The feed's history starts in October 2019, a partial month, so the index starts in January.
- The monthly figure
- A median over a rolling 3-month window: the month and the two before it. Closed sales and closed leases are plain counts for the calendar month.
- Publishing threshold
- A figure is published only when at least 15 closings with that measure fall in its window. The sample size (n) is stored for every figure and shown in the chart and tables. Coral Gables (4 buildings with MLS records), Miami Beach (5 buildings with MLS records), Fisher Island and Midtown reach it in fewer than half the months.
- Cleaning
- A closed record listed twice for the same unit, date and price counts once (186 dropped). Price per square foot uses units of 200 sq ft or more and $50 to $10,000 per sq ft. Sale-to-list uses 50% to 150%. Leases use $300 to $100,000 a month and $0.30 to $20 per sq ft. Records outside these ranges are typos or annual figures.
- What it is not
- It is not a repeat-sales index. A median moves with the mix of buildings and units that close, and first closings in new buildings recorded in the MLS count like any other sale.
- Updates
- The MLS data refreshes weekly and a month is added after it ends. Recent months can move slightly as late closings are recorded.
- Neighborhoods
- Each building belongs to one neighborhood in the condo atlas, set by city and ZIP code, or by the Miami-Dade Property Appraiser's city where it differs from the MLS (the Coral Gables buildings the MLS files under Miami), the same grouping as the condo directory.
- More data
- Building rankings use the same records. Market statistics covers 58 markets, all property types.
Cite this
Miami Condo Index, September 2026. Enrique Ponte Ojeda, www.enriqueponte.com/stats/condo-index/. Source: Miami MLS via Bridge IDX; analysis by Enrique Ponte Ojeda. Data pulled October 26, 2026.
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