In this quarter, Miami Beach maintained its lead over the mainland neighborhoods, extending the resurgence first noted in Q1 2025. Reporting the strongest year-over-year growth and the sharpest price per square foot appreciation, this beachside segment outpaced both the Greater Downtown and the Coconut Grove-Coral Gables submarkets (covered in detail in our Q3 2025 luxury condo market summary report).
In Q3 2025, South Beach stood out as the top performer with three major wins: leading Miami with the highest year-over-year price per square foot gains, ranking as the fastest-selling market in Miami Beach, and recording the lowest levels of inventory among its beachside peers.
Surfside and Bal Harbour (combined) also deserve a mention for delivering the highest year-over-year sales growth in overall Miami, while Fisher Island continued its reign as Miami’s most expensive zip code and even set a new record for price per square foot.
With most market indicators leaning positive, and additional catalysts such as declining insurance rates, easing mortgage rates, and the potential impact of Mamdani's recent election in New York, Miami Beach could see its next high-season momentum arrive earlier than usual, even as Q4 traditionally ranks among the slowest periods of the year.
Read on for more year-over-year insights in our exclusive and detailed analysis on how each Miami Beach-area neighborhood performed relative to overall Miami luxury condo trends and other real estate market statistics in Q3 2025.
For this report, we've included the sub-neighborhoods of South Beach, Mid-Beach, North-Beach, Sunny Isles Beach, Surfside, Bal Harbour, and Fisher Island as part of our Miami Beach grouping. This luxury condo submarket report focuses exclusively on properties priced at $1 million and above.

Q3 2025 - Miami Beach Overall Luxury Condo Market Highlights:
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Sales up 19.5% year-over-year, highlighting growing momentum in Miami’s beachside market.
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12-month Sales Trendline maintained its positive trajectory from Q2 2025 to Q3 2025.
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Price/Sq. Ft. up 15.1% year-over-year at $1,292.
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Median Sales Price up 8.1% year-over-year to $2M.
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Days on Market up 16.7% year-over-year to 98 days.
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Inventory up 5.6% year-over-year to 19 months.
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Miami Beach echoed the overall Miami trend, closing Q3 2025 as a buyer’s market.
Q3 2025 - Miami Beach Sub-neighborhood Highlights:
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Surfside and Bal Harbour (combined) led both Miami Beach and the overall market in year-over-year sales growth, with a 50% increase.
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Sunny Isles Beach reclaimed its position as the top volume contributor, overtaking South Beach, which led the previous quarter.
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The 12-month Sales Trendline was positive across the board, except for Sunny Isles Beach.
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South Beach delivered the highest year-over-year gains in Miami Beach and overall Miami, recording a 37% increase in Price per Square Foot for luxury condos.
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Fisher Island remained the most premium zip code in all of Miami, with luxury condos commanding a median price of $2,708 per square foot and a sale price of $11.2 million.
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South Beach emerged as the fastest-selling market in Miami Beach, with luxury condos taking an average of 80 days to sell
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Further strengthening its position this third quarter, South Beach maintained the lowest inventory levels in Miami Beach at 15 months.
Miami Beach Luxury Condo Markets at a Glance: Q3 2025 YoY Closed Sales
Miami Beach Overall Luxury Condo Markets at a Glance: Q3 2025 YoY Median Sale Price
Miami Beach Luxury Condo Markets at a Glance: Q3 2025 YoY Median Sale Price/Sq. Ft.
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Table of Contents
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Q3 2025 Sunny Isles Beach Luxury Condo Market Trends
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Q3 2025 Fisher Island Luxury Condo Market Trends
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Conclusion: Q3 2025 Miami Beach Luxury Condo Market Report
Q3 2025 Miami Beach Luxury Condo Sales: Up YoY
Sales up 19.5% year-over-year; 12-month sales trendline positive
Building on its stellar performance over the past two quarters, Miami Beach (collectively) continued outpacing the mainland neighborhoods, including the Greater Downtown Miami area and the combined Coconut Grove and Coral Gables submarket.
Reflecting the overall Miami market trend, Miami Beach also reported an increase in year-over-year and a decline in quarter-over-quarter sales.
Below are the Key Q3 2025 Sales Statistics for Miami Beach:
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Q3 2025 vs Q3 2024: Sales improved 19.5%, up from 149 in Q3 last year to 178 sales in the same quarter of 2025. (Fig.1.1)
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Q3 2025 vs Q2 2025: Sales declined 29.1% quarter-over-quarter, down from 251 in the second quarter to 178 in Q3 2025. (Fig. 1)
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Sunny Isles Beach reclaimed its spot as the highest volume contributor, with a total of 57 quarterly sales—surpassing South Beach, which had briefly disrupted its ten-quarter leading streak in Q2 2025.
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Surfside and Bal Harbour (combined) emerged as the strongest-performing market in all of Miami, leading the market with 50% growth in year-over-year sales activity.
Miami Beach Luxury Condo Quarterly Sales 2015-2025 - Fig. 2.1
Miami Beach Luxury Condo Monthly Sales from Jan. 2016 to Sep.2025 - Fig. 2.2
The Monthly Sales trends of Fig. 2.2 for Miami Beach shows how sales closed higher than in 2024:
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July 2025 closed with 66 sales, up from 62 sales noted in the same month a year ago.
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August closed with 51 sales, higher than the 40 sales recorded in the comparable month of 2024.
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September closed with 61 sales, again higher than the 47 sales recorded during the same period in 2024.
Miami Beach Luxury Condo 12-Month Sales with Trendline - Fig. 2.3
Owing to higher year-over-year momentum, the 12-month Sales Trendline of Fig. 2.3 maintained its upward trajectory between Q2 and Q3 2025. Drawing on our daily client interactions that show renewed buyer interest, paired with this positive indicator, we expect Miami’s beachside market to close the last quarter of 2025 on a strong note, despite it generally being one of the slowest.
Q3 2025 Miami Beach Luxury Condo Price Trends: Up
Q3 2025 Price per Square Foot up 15.1% to $1,292; Median Price up 8.1% year-over-year
Miami Beach Quarterly Sales Price per Sq. Ft. 2017-2025 - Fig. 3
Contributing to the increases noted in the year-over-year price per square foot and median price trends in the overall Miami market, this beachside grouping reported the following positive Price Stats for Q3 2025:
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Q3 2025 vs Q3 2024: Price/Sq. Ft. surged 15.1%, up from $1,123 in Q3 2024 to $1,292 in the same quarter of 2025. (Fig. 1.1)
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Q3 2025 vs Q2 2025: Price/Sq. Ft. stayed mostly flat (-1.2%) quarter-over-quarter, marginally down from $1,307 in Q2 2025 to $1,292 this third quarter. (Fig. 1)
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Q3 2025 vs Q3 2024: Median Sales Price increased 8.1%, up from $1,850,000 in Q3 2024 to $2,000,000 for the comparable quarter of 2025. (Fig. 1.1)
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Q3 2025 vs Q2 2025: Median Sales Price decreased 13% quarter-over-quarter, down from $2,300,000 in Q2 2025 to $2,000,000 this third quarter. (Fig. 1)
A review of the 9-year snapshot of quarterly luxury condo prices above (Fig. 3) shows that the median price per square foot closed in the highest ranges, indicating strong value for sellers. Compared to just 5 years ago, prices have risen significantly by 53.9% from $840 in Q3 2020 to $1,292 in Q3 2025, demonstrating remarkable appreciation and sustained long-term value for luxury condo owners in Miami’s beachside neighborhoods.
Q3 2025 Miami Beach Days on Market: Down QoQ, Up YoY
Days on Market up 16.7% year-over-year
Miami Beach Quarterly Days on Market 2018-2025 – Fig. 4
Reflecting the overall Miami market trend of a decline in quarter-over-quarter and an increase in year-over-year numbers, Miami Beach reported the following days on market statistics:
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Q3 2025 vs Q3 2024: Luxury condos spent 14 more days on the market compared to the same quarter a year ago, reporting a 16.7% increase in year-over-year stats. (Fig. 1.1)
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Q3 2025 vs Q2 2025: Luxury condos spent 3 fewer days on the market compared to Q2 2025, resulting in a 3% decline in quarter-over-quarter DOM. (Fig. 1)
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At 98 days, the statistic indicates a longer wait on the market compared to a year ago, as buyers and sellers took more time to align on closing terms. However, with sellers recalibrating prices to match market expectations and growing demand, we anticipate a decline in days on market in the quarters leading up to next year’s peak season (typically Q2). (Fig. 4)
Q3 2025 Miami Beach Luxury Condo Inventory: Up YoY
Q3 2025 closed with 19 months of inventory
Miami Beach Months of Inventory from Mar. 2019 to Sep.2025 - Fig. 5
A balanced market has 9-12 months of inventory. The months of inventory are calculated as the number of active listings plus the number of pending listings, divided by the average number of deals in the last 6 months.
Consistent with the overall Miami market trend of higher quarter-over-quarter and year-over-year inventory, our in-depth Miami Beach luxury condo market analysis reveals the following stats for Q3 2025:
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On a quarter-over-quarter basis, inventory was up from 18 months in June this year to 19 months in September 2025, reporting a 5.6% increase. (Fig. 5)
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On a year-over-year basis, too, inventory went up from 18 months in September 2024 to 19 months in September this year, posting a similar 5.6% increase.
With inventory levels exceeding the balanced 9-12-month range, Miami Beach continued as a buyer’s market in Q3 2025. This means buyers can choose from a wider selection of condos within their desired price bracket, while sellers would benefit from adopting stronger marketing strategies and aligning with current price expectations.
As luxury real estate experts, we anticipate inventory will continue to stay elevated into year-end, consistent with historic seasonal patterns. However, we also expect levels to normalize in the first half of 2026, driven by sharp declines in insurance rates, a reduction in mortgage rates, and a possible influx of affluent buyers relocating from New York pending Mamdani's election.
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