Downtown Miami is the densest condo market in the area, with thousands of units. The condo median sat near $575,000 at about $610 per square foot as of mid-2026, essentially flat year over year. Very deep supply makes it the area's strongest buyer's market.
Downtown Miami is the densest condo market in South Florida, thousands of apartments across the central business district and its towers. The median here is genuinely meaningful because so many comparable units trade. There is a tiny single-family count downtown, but it is too thin to publish, so this page reports the condo market.
With hundreds of condo sales behind it, the Downtown median is the most reliable on this entire set of neighborhood pages.
Downtown Miami Prices by Property Type
Use the toggle to switch between property types. Each one keeps its own median, price per square foot, and trend, so single-family homes and condos never distort each other.
Condos & co-ops in Downtown Miami, based on about 269 sales over the trailing three months.
Downtown Miami Condos scoreboard
The condo median sat near $575,000 at about $610 per square foot on roughly 269 sales over the trailing three months, essentially flat year over year. On a market this deep, that flat line is a high-confidence signal: Downtown prices are holding while supply piles up. With well over a thousand units in inventory, sellers compete hard, which holds prices flat and hands buyers leverage. I still price each unit by building, floor, and view, since Downtown towers vary enormously.
| Period (3-mo end) | Value |
|---|---|
| 2025-12 | $600,000 |
| 2026-01 | $580,000 |
| 2026-02 | $580,000 |
| 2026-03 | $575,000 |
| 2026-04 | $575,000 |
| 2026-05 | $575,000 |
| Segment | Months of supply | Market |
|---|---|---|
| Downtown Miami Condos | 16.3 | Buyer's market |
Rule of thumb: under 5 months of supply = seller's market, 5 to 7 = balanced, over 7 = buyer's market. Months of supply is derived from active inventory and the trailing 3-month sale pace.
| Period (3-mo end) | Value |
|---|---|
| 2025-12 | 159 |
| 2026-01 | 160 |
| 2026-02 | 160 |
| 2026-03 | 147 |
| 2026-04 | 133 |
| 2026-05 | 146 |
Downtown Miami condos near $575K are flat on a very deep market, with huge supply that puts buyers firmly in control.
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.
- Why split by property type: a neighborhood that mixes single-family estates and condos produces a blended median that fits neither. Each property type is reported separately so its median stays clean.
- Geography: the Downtown Miami neighborhood as defined within the Miami metro area, filtered so same-name neighborhoods in other Florida metros are excluded.
- Window: figures are trailing three-month (rolling) medians, which is the right granularity at the neighborhood level where monthly sale counts are tiny.
- Months of supply: derived from active inventory divided by the trailing 3-month sale pace.
- Missing or thin values: any cell shown as "unavailable" was missing in the underlying data; property types with very few sales are flagged as small-sample and read as directional.
- Data reference: compiled with reference to Redfin (redfin.com/news/data-center). Aggregated market figures, split by property type, not MLS or proprietary brokerage data.
LuxuryDade and Gerardo Gonzalez. "Downtown Miami Condo Prices 2026." As of May 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)
- All South Florida neighborhood data
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