Miami Dade County Real Estate Market Update: Mid-2025 Trends

Overview

The Miami Dade County real estate market continues to show dynamic trends in 2025, with significant activity in both the overall housing market and the condo sector. Based on recent data, we observed fluctuations in sales volume, pricing, and days on market (DOM) that provide insights into the current state of the market.

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‍Key Market Trends

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Overall Market (Miami Dade All)

• Sales Volume: Total sales peaked at 2,573 in May 2024 and have since moderated, with 1,832 sales recorded in June 2025. This indicates a seasonal slowdown but remains robust compared to earlier periods.

• Average List Price (LP): List prices have fluctuated, reaching a high of $1,094,977 in April 2025 and settling at $1,017,964 in June 2025. This suggests a slight cooling in seller expectations.

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• Average Sale Price (SP): Sale prices closely follow list prices, with a June 2025 average of $972,569, maintaining a strong sale-to-list price ratio of     approximately 95.5%. The average sale price of homes across Miami Dade County is up +10.7% from an average of $923,856.40 in 2024 to an average of     $1,023,063.38 in 2025 YTD.  

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• Price per Square Foot: The average sale price per square foot is up 5.65% from $512.14 in 2024 to $541.08 in 2025 YTD. However, average sale price per square foot peaked in April of 2025 at $551.18 and has since decreased -2.75% to 535.98 as of June 2025.

• Days on Market (DOM): Properties are taking slightly longer to sell (13.9     days longer in 2025 vs. 2024), with an average DOM (days on the market) of 78.8 days in 2025, up from 64.9 days in 2024, indicating a more discerning     buyer pool.

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• Sale-to-List Price Ratio: The ratio has been consistently high during 2024 and 2025 (93.8% - 100.7%), with a notable peak of 100.7% in January 2025, reflecting competitive bidding in certain periods.

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Condo Market (Miami Dade Condo Only)

• Sales Volume: Condo sales have been lower than the overall market, with 684 sales in June 2025, down from a high of 839 in March 2025.

• Average List Price (LP): Condo list prices peaked at $1,092,630 in May 2025 but dropped to $889,486 in June 2025, showing volatility in pricing strategies and seller concern over demand softening for condos.

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• Average Sale Price (SP): Sale prices for condos averaged $907,056 in December 2024, with a sale-to-list price ratio of 107.7% (buyers paid higher than     list price on average), however; this has since decreased -9.46% to an     average sale price of $821,245 in June of 2025 with a sale-to-list price     ratio of 92.3% indicating reduced demand.

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• Price per Square Foot: Condo sale prices per square foot have increased from December 2024 to May 2025 from $576.02/sqft to $599.90/sqft, however; the sale     price per square foot in June 2025 saw a decrease to 561.22/sqft.

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• Days     on Market (DOM): Condos are taking longer to sell, with an average DOM of 104 days in June 2025, up from 94 days in December 2024, suggesting     slower buyer decisions and caution in this segment.

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Interesting Fact

An unexpected trend in the condo market is the significant sale-to-list price ratio spike to 107.67% in December 2024, indicating a brief period of intense buyer competition, possibly driven by limited inventory and/or high-demand properties. This anomaly highlights the condo market's sensitivity to specific market conditions and specific building demand.

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Conclusion

The Miami Dade real estate market demand in 2025 remains vibrant, with stable sales and pricing trends. The overall market shows resilience with stable sale-to-list price ratios above 93% and moderate increases in DOM, suggesting a balanced market.

The condo segment, however, experiences more volatility in pricing and longer DOM, reflecting buyer caution in this premium sector. As we move further into 2025, monitoring inventory levels and interest rate changes will be key to understanding future market directions.

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Ready to buy or sell? Let's talk about your next lifestyle move. Call or text 786-514-8761.

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