As of April 2026, the median sale price in Downtown Miami was $599,277 at about $615 per square foot, essentially flat year over year. At 17.5 months of supply it is the deepest buyer's market in this set.
Downtown Miami market scoreboard
Each figure is the latest month in my read for Downtown Miami.
Downtown Miami is the densest condo market in the area, thousands of units across the central business district and its towers, where the median is genuinely meaningful because so many comparable apartments trade. I counted 262 homes sold in the latest month against 2,029 active listings, by far the most inventory and the most sales of any neighborhood on this list.
The median sale price was $599,277 as of April 2026, almost unchanged from $595,000 a year earlier, a 0.7 percent move. On a market this deep that flat line is a high-confidence signal: Downtown prices are holding while supply piles up, the classic profile of a well-stocked condo district.
Downtown Miami Home Prices and Price Per Square Foot
I track about $615 per square foot in Downtown Miami as of April 2026. Because the market is so liquid, both the median and the per-square-foot figure are reliable, no small-sample caveat needed. The pressure here is inventory, not falling prices: with more than 2,000 active listings, sellers compete hard, which holds prices flat. For a specific unit I price by building, floor, and view, since Downtown's towers vary enormously in quality and amenities.
| Month | Value |
|---|---|
| 2025-11 | $599,000 |
| 2025-12 | $600,000 |
| 2026-01 | $577,500 |
| 2026-02 | $580,000 |
| 2026-03 | $577,500 |
| 2026-04 | $599,277 |
Is Downtown Miami a Buyer's or Seller's Market?
At 17.5 months of supply, Downtown Miami is the deepest buyer's market in this set on my inventory rule, and 28.9 percent of active listings had a price cut. The median 133 days on market is moderate given the volume. For a buyer this is maximum selection and the strongest negotiating position in the area. For a seller it is the most competitive field in Miami, where pricing and unit quality decide everything.
| Neighborhood | Months of supply | Market |
|---|---|---|
| Downtown Miami | 17.5 | Buyer's market |
Rule of thumb: under 5 months of supply = seller's market, 5 to 7 = balanced, over 7 = buyer's market.
| Month | Value |
|---|---|
| 2025-11 | 18.9 |
| 2025-12 | 16.5 |
| 2026-01 | 17.9 |
| 2026-02 | 17.1 |
| 2026-03 | 18.8 |
| 2026-04 | 17.5 |
| Month | Value |
|---|---|
| 2025-11 | 142 |
| 2025-12 | 152 |
| 2026-01 | 154 |
| 2026-02 | 154 |
| 2026-03 | 146 |
| 2026-04 | 133 |
Downtown is the deepest, most liquid condo market in Miami, so its flat median is the real thing, not noise. With over 2,000 active listings, a buyer holds the leverage.
Gerardo Gonzalez, Licensed Real Estate Agent at Compass
Methodology and Sources
- Compiled by: LuxuryDade and Gerardo Gonzalez, Licensed Real Estate Agent at Compass. I assemble and refresh this neighborhood report myself.
- Data reference: Market figures are compiled with reference to the Redfin Data Center (redfin.com/news/data-center). These are aggregated market figures, not MLS or proprietary brokerage data.
- Geography: The Downtown Miami neighborhood inside the Miami metro area.
- Why monthly figures move: A neighborhood this size closes a small number of sales each month, so a single high or low sale can swing the median. Read the multi-year trend and price per square foot alongside any one month.
- Update cadence: I refresh this report near the start of each month. Last verified June 5, 2026.
- Missing values: Any cell shown as "unavailable" was missing in the underlying data and has not been estimated.
LuxuryDade and Gerardo Gonzalez. "Downtown Miami Home Prices 2026: $599K Median." As of April 2026. https://luxurydade.com/reports/neighborhoods/downtown-miami-home-prices-2026 (verified June 5, 2026).
Related Guides and Data
- Brickell Luxury Condos Guide
- Downtown New Developments
- South Florida Housing Market Data (full dashboard)
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