How much is a condo in Miami?

According to the MIAMI REALTORS® August 2026 report, the median Miami-Dade condo sale price fell 0.49% year over year, from $410,000 to $408,000. Median means half of sales were above and half below: it is not a list price or an average pulled up by penthouses. The same source calculates condo prices have risen 259% since 2011, when the median was $113,800.

MIAMI REALTORS® reports the median Miami-Dade single-family sale price rose from $655,000 to $680,000 between August 2025 and August 2026. The gap with condos (about $272,000 at the median) is why many out-of-town buyers start with an apartment: it needs less capital and the association handles exterior upkeep. In exchange you pay a monthly association fee.

The Census American Community Survey (ACS) 2020–2024, by ZIP code, gives 33131 — Brickell and Brickell Key — a median home value of $655,100 and a median gross rent of $3,124. They are five-year estimates of what households report, not this month's sale prices, but they compare areas using the same yardstick. The Brickell, Edgewater and Downtown guide puts them side by side.