The market seeks the official median home value for all property types in Miami, Florida, on September 30, 2026, calculated by Parcl Labs using a price-per-square-foot index multiplied by 2,100 sq ft.
The resolution relies on Parcl Labs' Sales Price Index data, comparing the calculated value against specific price brackets ranging from <$1.017M to $1.196M+.
While Redfin's median sale price for single-family homes is near $680,000–$700,000, the citywide median including condos and distressed inventory is lower, around $560,000–$580,000 as of mid-2026.
houzeo.comibuyer.comjorgeguanche.comA value in the $1.089M–$1.125M range implies a median price-per-square foot of roughly $518–$535, significantly higher than current citywide averages and suggesting strong appreciation in the Parcl index by September.
ibuyer.comNote: The resolution metric (Parcl Labs Sales Price Index × 2,100 sq ft) may yield a value significantly higher than the standard "median sale price" reported by Redfin or Zillow if the index focuses on specific property types or excludes distressed inventory.
The Miami Association of Realtors reported the median sale price for a Miami-Dade single-family home reached $699,990 in January 2026, a 3.7% increase from the prior year.
jorgeguanche.comRedfin reported Miami's median sale price at $680,000, up 3.8% year over year, while single-family homes rose 3.3–3.8% YoY even as condo prices remained flat to declining.
ibuyer.comCurrent market data shows the citywide median sale price at approximately $560,000–$565,000, down roughly 6.5% year over year, reflecting a market slowdown distinct from the single-family segment.
houzeo.comstacker.comAI-generated briefing. AI can make mistakes. This is not financial advice.
Single-family home prices in Miami-Dade are projected to appreciate approximately 2.8% through the end of 2026, which could elevate the overall index if the Parcl Labs data captures this high-value segment disproportionately.
jorgeguanche.comThe Parcl Labs methodology uses 2,100 sq ft as the median square footage; if the index tracks newer, larger, or waterfront properties where prices per square foot exceed the $532 citywide average, the calculated value could enter the $1.089M+ bracket.
ibuyer.comMiami's luxury waterfront market starts around $2 million and commands substantial premiums, potentially driving the upper-end index values that influence the median calculation if the dataset weights high-value transactions heavily.
joellerealtor.comAI-generated briefing. AI can make mistakes. This is not financial advice.
The citywide median sale price has decreased by 6.51% year over year to approximately $560,000, making a median value of $1.089M+ (requiring ~$518/sq ft) inconsistent with current downward trends without a massive, unverified reversal.
houzeo.comRedfin's median price per square foot in Miami is $532 but is down 4.1% year over year; applying this declining rate to the 2,100 sq ft median would yield roughly $1.117M only if the base price remained static, yet the year-over-year decline suggests a lower final value.
ibuyer.comZillow's average home value is $582,621 and down 0.7% over the past year, indicating that the broader market including condos and distressed inventory is not trending toward the $1.089M+ threshold required for this outcome.
zillow.comAI-generated briefing. AI can make mistakes. This is not financial advice.