The top of Miami-Dade's housing market kept pulling away from the middle this year. To land in the priciest 5% of single-family home sales from January through September, a house had to sell for at least $4,231,500, according to the MIAMI REALTORS South Florida Luxury Market Report. A year earlier, that bar was about $3.40 million.

Over the same stretch, the county's median house price rose only 2.3%, to $680,000.

The very top moved even more

To make the top 1% of house sales, the bar jumped 35% to about $14.03 million. That is the highest in South Florida, ahead of Palm Beach County at about $13.5 million, the group's chief economist wrote.

Through September, Miami-Dade recorded 24 home and condo sales of $30 million or more. That already beats the county's full-year 2025 record of 21. At this pace, the report projects 32 for the year.

Condos tell a different story

The condo market at the top barely moved. The top-5% bar rose 4%, to $3,119,000, and the median condo price stayed flat at $410,000. Price per square foot at the top 5% fell 5.6%, to $1,429.

The top 1% of condo sales did climb, by 17.5% to $9.4 million.

Where the bars are highest

By town, the report's top-5% thresholds for houses in Miami-Dade include:

  • Indian Creek: $170 million (its only sale of the year)
  • Golden Beach: $45.4 million
  • Bal Harbour: $38.8 million
  • Miami Beach: $31.5 million
  • Key Biscayne: $18.7 million
  • Coral Gables: $10.9 million

For condos, Surfside led all of South Florida at $27.3 million, up 49%. Coconut Grove came next at $14.1 million, then Bal Harbour at $11.1 million.

A second look at the numbers

A separate report from The Keyes Company and Illustrated Properties points the same way. Miami-Dade's $1 million-plus house sales rose 20.6% in the third quarter, to 850, and their average price rose 13.2% to $3.29 million, RISMedia reported. Million-dollar condo sales rose 6.5% to 477, but their average price fell 4.5% to $2.74 million.

What it means

Million-dollar sales now make up 28% of all Miami-Dade sales, the MIAMI REALTORS report says. Cash still drives the top: across South Florida, 59% of million-dollar sales were all-cash this year, and 86% of sales at $10 million and up.

Supply at the high end is tighter, too. The county's seven months of supply for million-dollar homes compares with what the report calls a normal range of 15 to 24 months. For the broader market, see our looks at condo supply and single-family homes, plus what today's mortgage rates buy.

Buying or selling in Miami-Dade? The Miami Lookout is founded by Joe Biscaha, a Miami real estate advisor with Compass.