Episode 3 · Transaction Data, Bidding Wars & ValuationsUpdated 2026
Miami Lakes Housing Market: Prices, Days, Supply
Miami Lakes turns over slowly, so each sale carries weight, and most homes close under the price first asked. This page shows what homes close for, how far below the ask they land, how long they take to reach a contract, how many sit on the market now, and why a home that was listed before tells you more than its price does.
Median sale price
$685,000
+7.9% vs the prior 52 weeks
All homes, 52 weeks to 20 September 2026, n = 224
Median days to contract
66 days
+9 days vs the prior 52 weeks
From listing to contract, not to closing, all homes, 52 weeks to 20 September 2026, n = 220
Sale vs. original ask
94.4% of the original ask
-0.4 pts vs the prior 52 weeks
Median of each sale price as a share of its original asking price, all homes, 52 weeks to 20 September 2026, n = 220
Homes for sale now
88
114 a year earlier
All homes for sale, weekly count for the week of 20 September 2026
💡 Key Insights & Takeaways
- From January 2021 to September 20, 2026, the median Miami Lakes home closed at $598,000, and the median price per square foot was $286.
- Of those closings, 68.9% finished below the original asking price, at a median 5.8% under it, and 15.2% finished above it.
- The median home went under contract 46 days after it was listed, counted list to pending, and took another 27 days to reach the closing table.
- On September 20, 2026, 91 homes were on the market and 26 were under contract, which works out at 7.0 months of supply at the recent closing pace.
- Homes listed before went under contract in a median 52 days on their latest attempt, but 294 days counted from the day they were first listed.
If you are deciding what to offer in Miami Lakes, one figure settles the starting point: 68.9% of the last 1,460 closings finished below the original asking price, at a median of 5.8% under it. That is the reading as of September 20, 2026, and the median home still went under contract in 46 days.
At a glance
These are the headline figures for Miami Lakes, as of September 20, 2026. Price per square foot means the closing price divided by the home's living area.
| Measure | Value | Basis |
|---|---|---|
| Median closing price | $598,000 | 1,460 closings, January 2021 to September 2026 |
| Median price per square foot | $286 | 1,460 closings, same window |
| Median days from listing to under contract | 46 days | 1,438 closings with a pending date |
| Share of closings below the original ask | 68.9% | 1,460 closings, same window |
| Homes on the market now | 91 | live count, September 20, 2026 |
What is selling in Miami Lakes, and how often?
The data holds 1,815 listing sequences inside the town boundary, and a listing sequence is one unbroken run of a home on the market, from the day it is listed to the day it closes or comes off. Those sequences cover 1,606 separate homes, and 1,471 of them ended in a closing. In the three months to September 20, 2026 the town recorded 50 closings, a pace of 16.7 a month.
Set against the count of homes in the town on the Real Estate Stock tab, about 2.39% of them change hands in a year, measured across the six years in scope. That is slow churn, so one closing carries more weight here than it would in a town that turns over faster. It also means a single quarter is a thin base for a trend, which is why every figure on this page is shown with the number of sales behind it.
What do Miami Lakes homes go for?
The median Miami Lakes home closed at $598,000, and the median price per square foot was $286, across 1,460 closings in the scope window from January 2021 to September 20, 2026. The price per square foot is the closing price divided by the home's living area, so it holds size constant and the median closing price does not. Where the same home sold twice inside the window, the median move worked out at 9.1% a year across 133 repeat pairs.
Homes carrying the waterfront code closed at a median $910,000 against $565,000 for interior homes, as of September 20, 2026 and across 162 sales. That is 61.1% more in dollars, but their median price per square foot was $288 against $286, which is within 0.7% of the interior figure. The waterfront flag is value-coded and covers 11.0% of the sequences in scope, and the gap it marks is a descriptive association only: the flag travels with lot size, price tier, build year and view, and this data cannot pull those four apart. Read the dollar gap as size and position together, never as the value of the water on its own.
This table shows closing prices in Miami Lakes across the scope window, January 2021 to September 20, 2026, as of September 20, 2026.
| Measure | Value | Sales behind it |
|---|---|---|
| Median closing price | $598,000 | 1,460 |
| Median price per square foot | $286 | 1,460 |
| Median closing price, waterfront-coded homes | $910,000 | 162 |
| Median closing price, interior homes | $565,000 | 162 |
| Median price per square foot, waterfront-coded homes | $288 | 162 |
| Median price per square foot, interior homes | $286 | 162 |
| Median move a year between two sales of the same home | 9.1% | 133 |
Do Miami Lakes homes sell above or below asking?
Most of them sell below it. 68.9% of the 1,460 closings in scope finished under the original asking price, 15.2% finished above it, and the median closing came in at 96.6% of the price first asked, as of September 20, 2026. On the closings that landed below, the median gap was 5.8% of the ask, or about $35,000.
30.8% of those closings had cut the asking price before they sold. The homes that cut closed at a median 91.6% of the first ask after 91 days, against 98.2% after 29 days for the homes that held their number. Homes that cut had already met weak demand before they cut, so that pairing describes what happened and does not show that cutting caused it. In 34 closings the buyer paid above the reduced ask but still below the first one, which is the one shape in this data where a cut changed the bidding.
How long does it take to sell a home in Miami Lakes?
The median home went under contract 46 days after it was listed, as of September 20, 2026. Days on market here is list-to-pending, which means the days from the day a home is listed to the day it goes under contract, never to the day it closes. After that the median sale took another 27 days to reach the closing table. Both medians rest on the 1,438 closings that carry a recorded pending date.
Cash changes that clock. 26.5% of closings were paid in cash, and the cash buyers signed in a median 35 days against 49 days for the financed ones, across 1,425 closings.
The 46-day figure covers one listing attempt, not the whole history of a home. Homes that had been listed before went under contract in a median 52 days on their latest attempt, but 294 days counted from the day they were first listed, across 190 sales. 13.4% of all 1,471 closings had a cancelled, expired or withdrawn attempt behind them, and homes with a prior attempt closed at a median 92.6% of the price they first asked. The attempt clock and the calendar clock give very different answers in this town, so check how many times a home has been listed before you read its asking price as information.
This table shows how long a Miami Lakes sale takes on each clock, across the scope window, as of September 20, 2026.
| Clock | Median | Sales behind it |
|---|---|---|
| Listing to under contract | 46 days | 1,438 |
| Under contract to closing | 27 days | 1,438 |
| Listing to under contract, cash buyers | 35 days | 1,425 |
| Listing to under contract, financed buyers | 49 days | 1,425 |
| Latest attempt, homes listed before | 52 days | 190 |
| First-ever listing to under contract, homes listed before | 294 days | 190 |
What is for sale in Miami Lakes right now?
91 homes were on the market and 26 were under contract on September 20, 2026. Set against the recent closing pace of 16.7 a month, those 117 live listings work out at 7.0 months of supply, and months of supply is how long the homes now for sale would last at the current rate of selling, with nothing new added. That number moves with the closing pace as much as with the listing count, so it is read alongside the 16.7 a month above.
81 of the listings now on the market have been listed before, and the median one first came to market 756 days ago. That is more than two years of asking on the median relisted home, and those homes sit inside the live count above, so the supply figure already carries them. A home that has been asking that long is telling you something its asking price does not.
What changed against the baseline, and what does that mean for you?
Sellers are keeping more of the asking price than they were, and they are not selling any faster. In the three months to September 20, 2026 the median closing reached 96.2% of the first ask against 93.9% in the Trailing Baseline, and the median price per square foot was $328 against $313. The median days from listing to under contract barely moved, at 67 days against 65.
This table sets the Recent Window, 2026-06-20 to 2026-09-20, against the Trailing Baseline, 2025-09-20 to 2026-06-19, as of September 20, 2026.
| Measure | Trailing Baseline, 174 closings | Recent Window, 50 closings |
|---|---|---|
| Median closing price as a share of the first ask | 93.9% | 96.2% |
| Median price per square foot | $313 | $328 |
| Median days from listing to under contract | 65 days | 67 days |
Read those three rows with the window in mind. The Trailing Baseline here is shortened, running 2025-09-20 to 2026-06-19, which is 9.0 months rather than the usual twenty-four months, and under a twelve-month floor. It holds 174 closings against 50 in the Recent Window. The gaps on this page are therefore measured against a partial year, and they are not comparable with another town's gaps.
Over the longer view the two price measures disagree, and that disagreement is the finding. Over the trailing fifty-two weeks the median closing price rose 7.9%, to $685,000 from $635,000, while the median price per square foot fell 2.5%, to $314 from $322, across 224 closings. The median ticket moved because larger homes made up more of what sold, not because homes cost more per foot. That is a mix effect, it looks backward, and this page does not report it as a price rise.
That leaves you with two practical reads. If you are writing an offer, test it against what has closed rather than against what is being asked, and check the listing history of the home before you treat its asking price as a fact. If you are selling, the homes that closed nearest their first number in this data were the ones that never cut and had not been listed before, which is an association in the record and not a promise about your own home. None of this is advice about whether to buy or sell here, and none of it forecasts; it is what the closed sales show as of September 20, 2026.
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