The Design District market

Market report · Neighbourhood · Jul 2026

The Design District market, in numbers

Homes in Design District typically sell in about 168.5 days, close around 12.2% under ask. With 50.5 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

$820k

↑ +76.3% MoM

4 sales closed in Jul 2026

Median rent

$2,300/mo

↑ +0.0% MoM↓ −23.3% YoY

1 leases closed in Jun 2026

Low sample

Time to sell

168.5 days

typical days on market

Days from listing to going under contract.

Negotiation room

12.2% under ask

typical closing vs asking price

How far below the asking price homes typically close.

Months of inventory

50.5 mo

buyer’s market

Low sample

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

+68% vs Miami overallmedian sale price

Sells 71 days slower than Miamidays on market

Your questions, answered

Straight answers from Design District’s closed transactions.

What does a home here cost?

The median sale closed at $820k in Jul 2026. Typical sales ranged $640k–$1.17M.

What income do you need to buy here?

At a 6.5% 30-year mortgage with 20% down, the median home runs about $5,444/mo including taxes — comfortable at a household income around $218k a year, using the 30% rule. Renting instead costs $2,300/mo.

Is now a good time to buy?

50.5 months of inventory points to a buyer’s market, and sellers are accepting about 12.2% under ask.

How fast do homes sell?

About 168.5 days from listing to contract in Jul 2026. The pace picks up toward July and slows around January.

How much room is there to negotiate?

Closings typically land 12.2% under asking price, and 42% of active listings have already reduced their price (median cut 7.4%).

When is the best time to list?

Closings peak in July and bottom out around January. 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 29.7 — buying typically starts to beat renting after roughly 10+ years here.

To buy — median sale price

Sale price, $

$820k↑ +76.3% MoM

Jul 2026 — median $820k · 4 sales · 168.5 days on market

$500k

$1.0M

$1.5M

$2.0M

Aug ’25

Oct ’25

Dec ’25

Feb ’26

Apr ’26

Jun ’26

To rent — median monthly rent

Monthly rent, $

$2,300/mo↑ +0.0% MoM↓ −23.3% YoY

Jun 2026 — median $2,300/mo · 1 leases · 116 days on market · low sample

$2,000

$4,000

$6,000

$8,000

Aug ’25

Oct ’25

Dec ’25

Feb ’26

Apr ’26

Jun ’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

$488k

$2,931/mo

11 closed

2 beds

$786k

$3,950/mo

9 closed

3 beds

—

$4,283/mo

3 closed Low sample

What sells here

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

Condo

$552k

67% of sales · 6 closed

House

$1.41M

33% of sales · 3 closed

Market depth

Supply and demand

Listings per month

Jul 2026 — 4 closed · 10 new · 101 active

100

150

Aug ’24

Nov ’24

Feb ’25

May ’25

Aug ’25

Nov ’25

Feb ’26

May ’26

ClosedActive (on market)New listings

Seasonality

Avg closings

Listings move fastest in July

0.5

1.5

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

Price-cut pressure

% of active listings

Jul 2026 — 42% of active listings cut · median cut 7.4%

25%

50%

75%

Aug ’24

Nov ’24

Feb ’25

May ’25

Aug ’25

Nov ’25

Feb ’26

May ’26

3-month averageSingle month

HOA fees per sqft

$ per sqft, monthly

$1.45 per sqft · Jun 2026

$1.10

$1.20

$1.30

$1.40

$1.50

$1.60

Aug ’24

Nov ’24

Feb ’25

May ’25

Aug ’25

Nov ’25

Feb ’26

May ’26

Median monthly HOA fee per square foot among closed sales.

How neighbourhoods compare across Miami

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

College Groves

$8.74M↑ +192.1% YoY

Ponce-Davis

$7.97M

Miami International Airport

$6.69M

Helms Country Estates

$4.17M

$3.28M↑ +112.2% YoY

$2.93M

$2.68M

$2.65M↑ +149.6% YoY

$2.14M↑ +25.7% YoY

$2.05M

$2.03M

$2.02M

$1.89M↑ +78.8% YoY

$1.82M↓ −12.6% YoY

$1.7M

$1.66M↓ −27.5% YoY

$1.54M↑ +87.8% YoY

$1.53M↑ +7.4% YoY

$1.5M

$1.31M↑ +35.7% YoY

$1.3M↓ −0.5% YoY

$1.14M↑ +1886.8% YoY

$1.01M↑ +47.9% YoY

100 Hidden Bay Condominiums

$984k

$954k

$939k↑ +32.8% YoY

$887k

$833k

$805k↑ +687.0% YoY

$793k

$784k

$777k↓ −9.1% YoY

Allapattah Sunny Gardens

$775k

$770k↑ +133.2% YoY

$766k

$756k↑ +33.2% YoY

$756k↓ −3.1% YoY

$724k

$724k↑ +23.7% YoY

$711k↓ −67.0% YoY

$672k↓ −63.8% YoY

$666k

Grapeland Heights Estates

$633k↑ +58.0% YoY

$630k↓ −4.3% YoY

$627k↓ −54.2% YoY

$620k↑ +5.2% YoY

$618k↑ +11.2% YoY

$610k↑ +36.7% YoY

$600k

55 Merrick Condominiums

$595k

$592k↑ +24.7% YoY

$575k↑ +76.8% YoY

$574k↓ −34.6% YoY

$573k↑ +5.0% YoY

$559k↑ +13.4% YoY

$557k↓ −16.7% YoY

$535k↑ +19.7% YoY

$534k↑ +1.1% YoY

$533k↑ +5.7% YoY

$530k↑ +71.5% YoY

$529k↑ +2.0% YoY

$519k

$519k

$515k↑ +42.9% YoY

$512k↑ +9.6% YoY

$509k↓ −27.2% YoY

$498k↓ −17.7% YoY

$493k

Westview Country Club

$489k

Little Haiti

$485k↑ +25.0% YoY

Oak Grove

$477k↓ −12.1% YoY

Mystic Pointe at Aventura

$474k↓ −5.4% YoY

$473k↓ −55.7% YoY

$470k↓ −29.7% YoY

$467k↓ −2.0% YoY

$467k↑ +21.8% YoY

$467k↑ +14.3% YoY

$462k↑ +16.0% YoY

$460k↓ −0.5% YoY

$453k

$450k↑ +13.6% YoY

$450k

$448k↓ −24.8% YoY

Biscayne Yacht and Country Club

$433k↓ −1.7% YoY

North Shore Heights

$425k↓ −2.9% YoY

Winston Park

$417k↓ −4.0% YoY

Gables Court

$412k↓ −24.9% YoY

University Inn Condominium

$410k

$409k↓ −48.0% YoY

$390k↓ −32.5% YoY

$367k↓ −15.1% YoY

$358k↑ +50.8% YoY

$353k

$353k

$351k↑ +84.5% YoY

$342k↑ +56.9% YoY

$330k↓ −35.9% YoY

$328k↓ −23.3% YoY

$324k

100

Parc Central Aventura

$321k

101

International Gardens

$317k↓ −9.0% YoY

102

Riverside Manor

$310k

103

Kendale Lakes West

$301k↑ +9.7% YoY

104

Aqua Vista Towhhomes

$300k

105

Kings Meadow

$300k

106

Highland Village

$290k

107

California Club

$285k↓ −47.8% YoY

108

Heron of the Hammocks

$283k

109

Kendale Lakes Center

$252k

110

Ojus

$250k↓ −18.1% YoY

111

Andover Lakes

$244k↓ −69.2% YoY

112

Bayview Palms Condominiums

$193k

113

Gateway House Condominium

$170k

114

Bayview Palms

$155k

115

Crestview Towers

$108k↓ −44.5% YoY

Homes for sale in Design District →Rentals in Design District →

Based on 54 closed transactions over the period shown · Updated Aug 9, 2026 · Medians drawn from fewer than 3 closings are flagged as low sample.