Buying in North Miami Beach: what it costs, what it rents for, how fast it sells

North Miami Beach in twelve figures

Everything below comes from our own monthly tracking of 135 Florida areas. Nothing on this page is an estimate we made up, and nothing is a listing.

Figure	July 2026
Median sale price	$474,895
Price per square foot	$327
Typical rent	$2,262 a month
Gross yield, our arithmetic	5.72%
Property tax on the median home	$8,780
Days on market, median	100
Months of supply	10.1
Share of the asking price received	94.6%
Listings that cut the price	29.2%
Active inventory	2,660
New listings	962
Closings	511

If you are buying to live here

The median home is $474,895 against $488,142 across the areas we track. On property tax alone that median home pays $8,780 a year in Miami-Dade — $732 a month, inside the mortgage payment.

The market here is a buyer’s market: 10.1 months of supply against the six that mark the balance. There is room to negotiate here, and the next figure says how much. And it is slow: 100 days against a 72-day median. That is a long time to be carrying a mortgage on an empty house. Sellers are getting 94.6% of what they ask, and 29.2% of listings cut the price before they sell — which is the number that tells you whether an offer below asking is an insult or a conversation.

If you are buying to rent

Typical rent is $2,262 a month, which on the median price is a gross yield of 5.72%. The median across the areas we track is 5.72%.

Gross is not net. Take the $8,780 of property tax off first and the yield is already down to 3.87%, before insurance, the association, vacancy or a single repair. That is the arithmetic the rental yield guide works through, and it is why a headline yield is a screening tool and not a decision.

If you are selling in North Miami Beach

The median home takes 100 days to sell and collects 94.6% of its asking price. With 2,660 active listings against 511 closings in the month, that is 10.1 months of supply.

29.2% of listings here cut the price before selling. A price cut is what happens when the first number was wrong, and it costs more than the cut itself: a listing that has been sitting invites a lower offer.

Other areas in Miami-Dade

Same county, different numbers. These are the other ones we cover in depth:

Kendall, Homestead, Aventura, Hialeah.

How this page was built

Median sale price, price per square foot, days on market, months of supply, inventory, new listings, closings, the share of the asking price received and the share of listings that cut it: Redfin Data Center, July 2026. Typical rent: Zillow. Gross yield and the property tax figure are our own arithmetic on those inputs — rent times twelve over price, and the county millage from the Florida Department of Revenue applied to the median value with the homestead exemption. Refreshed every month, and the month is printed above so you can see how old it is. This page has no listings on it and is not an offer.