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The Shorecrest market
Market report · Neighbourhood · Jul 2026
The Shorecrest market, in numbers
Part of Miami — see the Miami report
Homes in Shorecrest typically sell in about 94 days, close around 21.7% under ask, prices are down 0.5% on a year ago. With 28.8 months of inventory, it’s a buyer’s market.
Median sale price
$791k
↓ −31.5% MoM↓ −0.5% YoY
3 sales closed in Jul 2026
Median rent
$2,275/mo
↓ −21.6% MoM↓ −53.6% YoY
5 leases closed in Jul 2026
Time to sell
94 days
typical days on market
Days from listing to going under contract.
Negotiation room
21.7% under ask
typical closing vs asking price
How far below the asking price homes typically close.
Months of inventory
28.8 mo
buyer’s market
Active listings divided by the monthly sales pace. Under 4 months favors sellers; over 6 favors buyers.
Gross rental yield
3.5%
yearly rent ÷ sale price
A year of median rent as a share of the median sale price.
−18% vs Miami overallmedian sale price
Sells 4 days faster than Miamidays on market
Your questions, answered
Straight answers from Shorecrest’s closed transactions.
What does a home here cost?
The median sale closed at $791k in Jul 2026, down 0.5% on a year ago. Typical sales ranged $484k–$2.48M.
What income do you need to buy here?
At a 6.5% 30-year mortgage with 20% down, the median home runs about $5,252/mo including taxes — comfortable at a household income around $210k a year, using the 30% rule. Renting instead costs $2,275/mo.
Is now a good time to buy?
28.8 months of inventory points to a buyer’s market, and sellers are accepting about 21.7% under ask. Prices are roughly flat on a year ago.
How fast do homes sell?
About 94 days from listing to contract in Jul 2026. The pace picks up toward April and slows around December.
How much room is there to negotiate?
Closings typically land 21.7% under asking price, and 50% of active listings have already reduced their price (median cut 8.7%).
When is the best time to list?
Closings peak in April and bottom out around December. Listing four to six weeks ahead of the peak historically gets the most eyes.
Is it a good rental investment?
A year of median rent ($2,275/mo) equals 3.5% of the median sale price, before fees and taxes.
Buying vs renting
Price-to-rent ratio is 29.0 — buying typically starts to beat renting after roughly 10+ years here.
To buy — median sale price
Sale price, $
$791k↓ −31.5% MoM↓ −0.5% YoY
Jul 2026 — median $791k · 3 sales · 94 days on market
$0
$2.0M
$4.0M
$6.0M
Aug ’25
Oct ’25
Dec ’25
Feb ’26
Apr ’26
Jun ’26
To rent — median monthly rent
Monthly rent, $
$2,275/mo↓ −21.6% MoM↓ −53.6% YoY
Jul 2026 — median $2,275/mo · 5 leases · 44 days on market
$0
$5,000
$10k
$15k
$20k
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
Studio
$315k
$1,642/mo
14 closed Low sample
1 bed
$655k
$1,583/mo
21 closed Low sample
2 beds
$888k
$2,190/mo
18 closed
3 beds
$1.19M
$5,909/mo
27 closed
What sells here
Sales mix and median price by property type, last 12 months.
Condo
$428k
7% of sales · 3 closed
House
$1.36M
93% of sales · 40 closed
Market depth
Supply and demand
Listings per month
Jul 2026 — 3 closed · 7 new · 163 active
0
50
100
150
200
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 April
0
2
4
6
J
F
M
A
M
J
J
A
S
O
N
D
Average closings by calendar month, drawn from at least two years of history.
Price-cut pressure
% of active listings
Jul 2026 — 50% of active listings cut · median cut 8.7%
0%
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
$0.41 per sqft · Jun 2026
$0.40
$0.60
$0.80
$1.00
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.
Based on 242 closed transactions over the period shown · Updated Aug 9, 2026 · Medians drawn from fewer than 3 closings are flagged as low sample.