Miami Lakes Real Estate Market Update: July 2025 Insights

Jesus M. Fernandez
Sep 7
3 min read

**This Real Estate Market Report is for the month of July 2025**

Hello neighbors, if you're keeping an eye on the local housing scene, whether you're a potential buyer, seller, or just curious about our vibrant community, the latest market report has some fascinating updates. Sourced from verified transactions and compiled from the latest available market information. This report dives deep into the trends shaping single-family homes and townhouses/condos in town. Let's break it down into bite-sized insights to help you navigate the market like a pro.

A Quick Market Snapshot

Miami Lakes continues to be a hot spot for real estate, but with some shifting dynamics. We're seeing a mix of seller's market vibes—thanks to limited availability driving up competition—with hints of a buyer's market emerging due to rising inventory. This balance means strategic moves are key for everyone thinking of selling or buying. The report highlights everything from sales volumes to pricing pressures and inventory levels, giving us a clear picture of where things stand in July 2025.

Sales Activity: Steady but Slowing

July wasn't a blockbuster month for closings, but it's all part of the seasonal ebb and flow:

Single-Family Homes: Just 12 homes sold in July, marking a 33% drop from the same month last year. Year-to-date, we've clocked 87 sales, but the monthly numbers have been up and down—expect more of the same through the rest of 2025.
Townhouses and Condos: Matching the single-family pace with 12 sales in July and 69 so far this year. There are about 10 pending deals that should wrap up in the next 30-45 days, keeping the momentum alive.

Overall, it's a reminder that patience pays off in this market—properties are moving, but not at breakneck speed.

Pricing Trends: Premiums with Some Discounts

Prices remain robust, reflecting Miami Lakes' appeal, but buyers are negotiating smarter:

Single-Family Homes: The median sale price climbed to $1,222,000 in July (up from $1,099,000 in June), with options spanning from $550,000 entry-level homes to $2.8 million luxury properties. Interestingly, the 12 sales averaged 8% below the original asking price—11 went under, and one snagged a premium, closing at $1,000,000 after listing at $987,500 (in just 14 days!). The biggest bargain? A $245,000 discount on a home that lingered for 189 days on the market.
Townhouses and Condos: Average sale hit $366,400, ranging from $160,000 to $379,990. Two sold at full list price, while the others averaged about 5% off, with most wrapping up in under 80 days.

If you're selling, pricing right from the start can make all the difference in avoiding deep discounts and a prolonged time on the market.

Inventory Watch: Building Up for Buyers?

One of the biggest stories is the growing pool of options, which could tip the scales:

Single-Family Homes: Active listings are up to 51, with 20 lingering for over 100 days on the market, After a dip in July following stronger May and June numbers, we can look forward to a fresh wave of new listings in the next six months. Months of inventory still scream "seller's market," but the uptick suggests a shift toward buyer-friendly territory.
Townhouses and Condos: Inventory has been climbing since February, with a minor (and insignificant) July dip. If mortgage rates hover above 6.5%, expect even more supply in the coming year, giving buyers more leverage on pricing.

Charts in the Market Report just published (like active inventory and months of supply visuals) paint a clear upward trend—great news if you're house hunting!

See the Market Report here: https://www.ilovemiamilakes.com/market-report

Looking Ahead: What to Expect

The outlook is cautiously optimistic. For single-family homes, fall could bring more choices, potentially slowing sales times (median time to contract jumped to 90 days in July from 30 in June, and closing time hit 135 days). Townhouses and condos saw quicker action (50 days to contract and 74 to close in July), but high interest rates might stretch that out later.

Key takeaway? In a seller's market, scoop up deals fast with competitive bids. In a buyer's paradise, sellers should price sharp to dodge low offers. Whether rates drop or inventory surges, staying informed is your best bet.

If this sparks your interest in Miami Lakes real estate, drop a comment or reach out for personalized advice—as your local expert I'm here to help turn these trends into your next big move! What's your take on the market right now?