$1 million and up condominium sales surged in Miami-Dade County as demand continued for affordable 30-year Miami-Dade condo units, according to statistics released by the MIAMI Association of Realtors (MIAMI) and the MIAMI Southeast Florida Multiple Listing Service (SEFMLS).
Miami $1M and up condo sales increased 10.8% year-over-year in August 2025, from 120 to 133. Miami-Dade 30-year and older condo units had a median price of $280,000 in August 2025, a negligible difference from $290,000 in August 2024. Demand remains for these properties, and at a price point for first-time homebuyers.
“Miami older condos represent affordability and opportunity,” MIAMI Chairman of the Board Eddie Blanco said. “Older condos are the entry market into the nation’s top real estate market, and many of these older condos are in prime locations. Land is limited in South Florida so their location is a major selling point. And the future of these buildings is only going to get better.”…