The Scott Lake market

Market report · Neighbourhood · Sep 2026

The Scott Lake market, in numbers

Part of Miami Gardens — see the Miami Gardens report

Homes in Scott Lake typically sell in about 67 days, prices are up 1.4% on a year ago. With 19.8 months of inventory, it’s a buyer’s market.

Some comparisons are hidden until at least 3 transactions close in a month. Medians below are drawn from very small samples — treat them as indicative.

Median sale price

$616k

↑ +1.4% YoY

1 sales closed in Sep 2026

Low sample

Median rent

$950/mo

↓ −59.6% MoM↓ −76.3% YoY

1 leases closed in Jul 2026

Low sample

Time to sell

67 days

typical days on market

Low sample

Days from listing to going under contract.

Months of inventory

19.8 mo

buyer’s market

Low sample

Active listings divided by the monthly sales pace. Under 4 months favors sellers; over 6 favors buyers.

Your questions, answered

Straight answers from Scott Lake’s closed transactions.

What does a home here cost?

The median sale closed at $616k in Sep 2026, up 1.4% on a year ago. Typical sales ranged $616k–$616k.

What income do you need to buy here?

At a 6.5% 30-year mortgage with 20% down, the median home runs about $4,090/mo including taxes — comfortable at a household income around $164k a year, using the 30% rule. Renting instead costs $950/mo.

Is now a good time to buy?

19.8 months of inventory points to a buyer’s market. Prices are roughly flat on a year ago.

How fast do homes sell?

About 67 days from listing to contract in Sep 2026. The pace picks up toward March and slows around August.

How much room is there to negotiate?

Not enough closed sales this month to measure — the price-cut chart below is the best proxy.

When is the best time to list?

Closings peak in March and bottom out around August. Listing four to six weeks ahead of the peak historically gets the most eyes.

Is it a good rental investment?

Yield needs at least 3 closed sales and 3 closed leases in a month — this area doesn’t clear that bar yet.

Buying vs renting

Price-to-rent ratio is 54.0 — buying typically starts to beat renting after roughly 10+ years here.

To buy — median sale price

Sale price, $

$616k↑ +1.4% YoY

Sep 2026 — median $616k · 1 sales · 67 days on market · low sample

$200k

$400k

$600k

$800k

Oct ’25

Dec ’25

Feb ’26

Apr ’26

Jun ’26

Aug ’26

To rent — median monthly rent

Monthly rent, $

$950/mo↓ −59.6% MoM↓ −76.3% YoY

Jul 2026 — median $950/mo · 1 leases · 34 days on market · low sample

$1,000

$2,000

$3,000

$4,000

Oct ’25

Dec ’25

Feb ’26

Apr ’26

Jun ’26

Aug ’26

MedianTypical range (5th–95th percentile)3+ closingsUnder 3 (low sample)No closings (activity only)Tap or hover any month for its numbers.

What each size costs

Medians over the last 12 months.

Beds

To buy

To rent

Volume

1 bed

$59k

$1,167/mo

4 closed Low sample

2 beds

—

$1,700/mo

1 closed Low sample

3 beds

$532k

$3,200/mo

21 closed

What sells here

Sales mix and median price by property type, last 12 months.

Condo

$59k

3% of sales · 1 closed

Low sample

House

$548k

97% of sales · 30 closed

Market depth

Supply and demand

Listings per month

Sep 2026 — 1 closed · 3 new · 33 active

Oct ’24

Jan ’25

Apr ’25

Jul ’25

Oct ’25

Jan ’26

Apr ’26

Jul ’26

ClosedActive (on market)New listings

Seasonality

Avg closings

Listings move fastest in March

Average closings by calendar month, drawn from at least two years of history.

Price-cut pressure

% of active listings

Sep 2026 — 42% of active listings cut · median cut 6.2%

25%

50%

75%

Oct ’24

Jan ’25

Apr ’25

Jul ’25

Oct ’25

Jan ’26

Apr ’26

Jul ’26

3-month averageSingle month

HOA fees per sqft

$ per sqft, monthly

Too few closed transactions to chart HOA fees here.

Median monthly HOA fee per square foot among closed sales.

How neighbourhoods compare across Miami Gardens

Median sale price, last 12 months. Tap a row to open its report.

$545k↑ +1.4% YoY

$537k↑ +4.8% YoY

$509k↑ +17.5% YoY

$487k

North Country-Riverdale

$480k↓ −8.4% YoY

Town Center Miami Gardens

$459k↓ −15.9% YoY

Homes for sale in Scott Lake →Rentals in Scott Lake →

Based on 83 closed transactions over the period shown · Updated Oct 4, 2026 · Medians drawn from fewer than 3 closings are flagged as low sample.