Homes Under $500K in Miami, FL

There are 2,354 homes under $500K for sale in Miami, Florida right now, priced from $250K to $500K. The median list price is $388,000. That puts this segment 41% below the overall Miami median of $659,000 across 7,671 active listings.

These homes average 999 square feet of living area on lots averaging 0.10 acres. Average pricing runs $386 per square foot versus $817 citywide. The median year built is 1994. 0% of them include a private pool.

This segment averages 113 days on market. The median closed-sale price in Miami is $590,000. Deals close at 95.9% of list price. The absorption rate is 8.1%.

The largest concentration is in Opera Tower Condo, with 38 available listings. The rest is spread across 965 other communities and 55 ZIP codes.

María Delgado works the South Florida market daily and can send you the full list with photos, association documents and recent comparables — in English or Spanish.