March 2025
MIAMI DADE - MARKET UPDATE
The latest housing data from March 2025 reveals significant trends in Miami-Dade County’s real estate market. From a continued rise in inventory to shifts in buyer activity, here’s how both single-family homes and townhouse/condo properties performed last month.
Miami-Dade Single Family Home
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Closed Sales: 961 homes sold, down 7.7% from March 2024
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Median Sales Price: $670,000, up 3.1% year-over-year
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Active Inventory: 5,296 homes on the market, up 41%
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Months Supply of Inventory: 6.0 months, up from 1.7 months last year
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New Listings: 1,778, an increase of 23%
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New Pending Sales: 1,122, down 5.6% compared to last year
The increase in inventory and supply indicates a more favorable environment for buyers, even as prices continue to climb moderately.
Miami-Dade Townhouses and Condo
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Closed Sales: 1,041, down 5.4% year-over-year
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Median Sales Price: $437,450, down 1.7%
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Active Inventory: 13,037 listings, up 43%
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Months Supply of Inventory: 13.2 months, an 8.2-month increase from last year
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New Listings: 2,537, up 12%
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New Pending Sales: 1,095, a 21% drop year-over-year
Townhouse and condo sellers are seeing more competition as available inventory grows substantially, and fewer pending sales point to slower demand in this segment.
In March, Miami-Dade’s housing market reflected expanding inventory and shifting buyer behavior. Single-family home prices rose 3.1% to $670K, while sales dipped 7.7%. Townhouse/condo prices fell 1.7% to $437,450, with a notable 43% jump in available units. Both segments saw fewer pending sales, suggesting buyers have more choices and are moving more cautiously.
