Downtown condo market report — Aug 2026

August 2026 in Downtown

Downtown ended August 2026 with 569 active condo listings, 76 of them new to market during the month. The median asking price was $815,000 ($921 per square foot).

Closed sales

14 condo sales closed in August 2026 at a median price of $665,000 ($606 per square foot), after a median 128 days on market.

That compares with 17 closings in July 2026, when the median closed price per square foot was $617.

Year over year, closed prices per square foot are down 11.2% from $683 in August 2025.

The trailing year

Over the 12 months ending August 2026, Downtown recorded 229 condo closings — an average of 19 a month — with the busiest month being December 2025 at 27 sales.

Monthly median closed prices ranged from $563 to $757 per square foot over that span.

Buildings with the most closings in August 2026

• Paramount Miami Worldcenter — 3 closings at a median $645,000 ($550/sq ft)
• The Elser — 2 closings at a median $795,000 ($1,073/sq ft)
• One Miami East — 2 closings at a median $647,500 ($539/sq ft)

Where to look next

Browse every condo for sale in Downtown, set up a price-drop alert, or compare buildings side by side. All figures are Own Miami calculations from MIAMI REALTORS® MLS data.