Week of September 21, 2026

Hello, Miami Springs. Here is your Weekly Market Report. If you are ready to buy or sell, The Leonard Real Estate Group is ready to earn your business. We are Miami Springs.

The table below shows the current status of the Miami Springs/VG single-family home market as of September 18, 2026. All figures reflect the trailing 90 days of MLS activity — closed sales, actives, pending, and everything else within the last 90 days — and all data is per the MLS.

*Disclaimer: The data relating to real estate displayed on this website and the chart above comes from the Miami Board of Realtors MLS. All listing information is deemed reliable but not guaranteed and can be independently verified.

There are twenty-eight (28) active single-family listings in the MS/VG market right now, averaging $1,396,146 on about 2,311 sq ft, or $597 per sq ft. Another four (4) listings are active with a contract. Over the trailing 90 days, twenty-nine (29) homes closed, averaging $848,966 on roughly 1,653 sq ft, or $540 per sq ft. Five (5) more are currently pending sale, averaging $942,000 on about 2,002 sq ft, or $479 per sq ft.

There is one (1) active listing over $3 million (409 De Leon Dr, $3,967,000) and six (6) more over $2 million, including two brand-new listings side by side at 1100 Oriole Ave ($2,450,000) and 1080 Oriole Ave ($2,400,000), both just eight days on market. Those seven listings above $2 million average 104 days on market. On the closed side, the top sale of the period was 37 Deer Run at $1,650,000, followed by 520 Morningside Dr at $1,500,000. Seven of the twenty-nine closings came in at or above asking — 640 Cardinal St sold for $600,000 against a $565,000 list and 240 Nahkoda Dr closed at $701,000 on a $699,999 list, while 550 Cardinal St, 550 Quail Ave, 400 Morningside Dr, 831 Wren Ave, and 437 Lark Ave each closed exactly at list. Days on market for active listings averages 84.0 days, down from 89.1 last week. Pending sales averaged 69 days on market before going under contract, and closed sales averaged 73 days before closing. There were nine (9) price reductions and one (1) price increase (409 De Leon Dr) among current listings.

Miami Springs/VG is running at an estimated trailing pace of about 8.1 sales per month. Against 28 current active listings, that puts the market at roughly 3.5 months of supply — still solidly in seller's market territory, which is anything under 5 months. Homes that closed over the trailing 90 days sold at an average of 95.5% of list price, down about two tenths of a point from 95.7% last week, so sellers continue to hold most of the leverage even as the gap between ask and close widened slightly.

Mortgage rates jumped this week, with the 30-year fixed averaging 6.95% per Freddie Mac's Primary Mortgage Market Survey (published Thursday, 9/17/26), up nineteen basis points from 6.76% the week before and the highest reading since January. The 15-year fixed averaged 6.26%, up from 6.09%. A year ago the 30-year fixed averaged 6.26%. The move followed the Federal Reserve's decision to raise rates at its September meeting on an uptick in inflation.

Inventory Breakdown (Actives): There are zero (0) properties priced under $500,000; zero (0) between $500,000–$600,000; one (1) between $600,000–$700,000; five (5) between $700,000–$800,000; six (6) between $800,000–$900,000; three (3) between $900,000–$1,000,000; six (6) between $1–2 million; six (6) between $2–3 million; and one (1) over $3 million.

Also this period: four (4) listings expired, one (1) went temporarily off market, and two (2) were withdrawn.

Active inventory climbed for a second straight week, from twenty-five to twenty-eight, and it is now the highest count since late August. The two new Oriole Avenue builds pulled the average active price up from $1,312,868 to $1,396,146, though the median moved far less — from $930,000 to $985,000 — which tells you the top of the market did most of the work. Closed sales held steady at twenty-nine with the average price essentially flat at $848,966, but average closed square footage slipped from 1,673 to 1,653, so price per square foot on closings actually firmed from $529 to $540. That narrows the spread between what sellers are asking per square foot and what buyers are paying to about 11%, from $597 on the ask side to $540 on the close side. Average days on market for actives fell again, from 89.1 to 84.0, the third decline in four weeks. The under-contract and pending pipeline thinned from ten homes to nine, price cuts rose from eight to nine against the same single increase, and months of supply loosened from 3.1 to 3.5. Eleven of the twenty-eight actives still sit in the $700,000 to $900,000 band, which remains the most crowded stretch of the market.

As always, if you are ready to buy or sell, we are ready to earn your business. We are Miami Springs.

- Charlie & Sean