The Parque Towers market

Market report · Neighbourhood · Jul 2026

The Parque Towers market, in numbers

Part of North Miami Beach — see the North Miami Beach report

Homes in Parque Towers typically sell in about 135 days, close around 4.5% under ask. With 44.3 months of inventory, it’s a buyer’s market.

Median sale price

$750k

3 sales closed in Jul 2026

Median rent

$4,850/mo

↓ −11.8% MoM

3 leases closed in Apr 2026

Time to sell

135 days

typical days on market

Days from listing to going under contract.

Negotiation room

4.5% under ask

typical closing vs asking price

How far below the asking price homes typically close.

Months of inventory

44.3 mo

buyer’s market

Low sample

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

Gross rental yield

7.8%

yearly rent ÷ sale price

A year of median rent as a share of the median sale price.

+12% vs North Miami Beach overallmedian sale price

Sells 7 days faster than North Miami Beachdays on market

HOA fees 1.75× the North Miami Beach averageper sqft, monthly

Your questions, answered

Straight answers from Parque Towers’s closed transactions.

What does a home here cost?

The median sale closed at $750k in Jul 2026. Typical sales ranged $615k–$1.06M.

What income do you need to buy here?

At a 6.5% 30-year mortgage with 20% down, the median home runs about $6,837/mo including taxes and HOA — comfortable at a household income around $273k a year, using the 30% rule. Renting instead costs $4,850/mo.

Is now a good time to buy?

44.3 months of inventory points to a buyer’s market, and sellers are accepting about 4.5% under ask.

How fast do homes sell?

About 135 days from listing to contract in Jul 2026. The pace picks up toward November and slows around October.

How much room is there to negotiate?

Closings typically land 4.5% under asking price, and 54% of active listings have already reduced their price (median cut 6.6%).

When is the best time to list?

Closings peak in November and bottom out around October. 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 ($4,850/mo) equals 7.8% of the median sale price, before fees and taxes. HOA fees run 1.75× the North Miami Beach average.

Buying vs renting

Price-to-rent ratio is 12.9 — buying typically starts to beat renting after roughly 3–4 years here.

To buy — median sale price

Sale price, $

$750k

Jul 2026 — median $750k · 3 sales · 135 days on market

$400k

$600k

$800k

$1.0M

$1.2M

Aug ’25

Oct ’25

Dec ’25

Feb ’26

Apr ’26

Jun ’26

To rent — median monthly rent

Monthly rent, $

$4,850/mo↓ −11.8% MoM

Apr 2026 — median $4,850/mo · 3 leases · 96 days on market

$4,000

$5,000

$6,000

$7,000

$8,000

$9,000

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

3 beds

$806k

$5,217/mo

28 closed

What sells here

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

Condo

$802k

100% of sales · 10 closed

Market depth

Supply and demand

Listings per month

Jul 2026 — 3 closed · 2 new · 59 active

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 November

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 — 54% of active listings cut · median cut 6.6%

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

$1.22 per sqft · Jul 2026

$0.60

$0.80

$1.00

$1.20

$1.40

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 North Miami Beach

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

The Estates at Acqualina

$11.92M↑ +251.2% YoY

$11.1M

$2.74M

$2.17M

$2.16M↓ −64.8% YoY

$1.94M

$1.79M

$1.52M

$1.46M↑ +1.4% YoY

$1.36M↑ +3.3% YoY

$1.03M↑ +18.3% YoY

$819k

Western Eastern Shores

$807k↓ −2.4% YoY

$728k↓ −39.9% YoY

$587k↓ −16.2% YoY

$580k↓ −1.8% YoY

$481k

$413k↑ +46.7% YoY

Village by the Bay Condominium

$380k↓ −23.2% YoY

Marbella Tower

$223k

Avila Condominiums

$219k

Homes for sale in Parque Towers →Rentals in Parque Towers →

Based on 65 closed transactions over the period shown · Updated Aug 9, 2026 · Medians drawn from fewer than 3 closings are flagged as low sample.