Miami Beach Condo Market Report
Current Conditions — May 2026
Current asking-side data for Miami Beach condos, sourced from RentCast aggregate MLS data.
What This Means for Sellers
Inventory is high and homes are sitting longer. This is a market where pricing discipline and marketing quality determine outcomes. Overpriced listings sit. Correctly priced listings with the right agent and strong buyer targeting still move.
What This Means for Buyers
More inventory means more negotiating leverage than Miami Beach has seen in several years. But the best units at the right price still attract multiple offers. Pre-approval before you search is essential — especially in buildings that accept FHA or jumbo financing.
Frequently Asked Questions — Miami Beach Condo Market
Is it a good time to buy a condo in Miami Beach?+
With 1,300+ active listings and a median days-on-market of 100, buyers have more negotiating leverage than at any point in the last three years. Whether it's a good time depends on your financing, timeline, and target building — not the market in aggregate.
Are Miami Beach condo prices dropping?+
Prices have softened from 2022 peak levels but have not collapsed. The median sale price remains above $480K with strong price-per-square-foot support in trophy buildings. The correction is in days-on-market and seller leverage, not necessarily in closed prices.
What is the average HOA fee for a Miami Beach condo?+
HOA fees vary significantly by building. Older Art Deco buildings in South Beach can run $400–$800/month. Full-service luxury towers — Continuum, Icon, Apogee — typically run $2,000–$5,000+/month. Always factor HOA into your total cost of ownership calculation.
How many condos are for sale in Miami Beach right now?+
As of May 2026, approximately 1,323 active condo listings across Miami Beach zip codes. This figure changes weekly — contact Leon for a current snapshot.
What is the price per square foot for condos in Miami Beach?+
Median price per square foot is approximately $661 as of May 2026, with significant variation by building, floor, and view. South of Fifth trophy product trades at $900–$1,400+/sqft. North Beach value product starts around $400/sqft.