Miami VA Loan Rates, Closing Costs & Stats

Miami-Fort Lauderdale-Pompano Beach, FL

A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

For additional benefits of VA loans, click here.

Miami's 234 lenders originated 3,812 VA loans during 2022. The total origination value was $1,716,500,000, with an average VA loan value of $450,289.

Miami VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Miami averaged 6.47% for the week of 2023-12-01, compared to the national average (all VA variants) of 6.774% for the same period.

Miami's average VA mortgage closing costs are $7,834.

The average rate for the prior week (2023-11-24) was 6.7% and one month ago for the week of 2023-10-27, the average rate was 7.54%.

The average rate one year ago was 6.12%.

For refis of the same type during the week of 2023-12-01, the average rate was 5.79%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Miami VA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Miami level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 519 4.29% $12,685
Mortgage Research Center, LLC 417 4.94% $11,227
QUICKEN LOANS, LLC 276 3.90% $14,473
NAVY FEDERAL CREDIT UNION 158 3.84% $8,662
EAGLE HOME MORTGAGE, LLC 154 4.61% $10,361
FREEDOM MORTGAGE CORPORATION 143 3.93% $13,360
LOANDEPOT.COM, LLC 135 3.76% $13,246
PENNYMAC LOAN SERVICES, LLC 115 3.36% $13,475
CROSSCOUNTRY MORTGAGE, LLC 102 4.74% $15,299
USAA Federal Savings Bank 80 4.51% $11,116
CALIBER HOME LOANS, INC. 79 4.60% $13,983
Paramount Residential Mortgage Group, Inc. 71 4.94% $15,254
NEW DAY FINANCIAL, LLC 54 5.08% $14,117
Flagstar Bank, FSB 52 4.39% $14,171
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 52 4.87% $12,900
DHI MORTGAGE COMPANY, LTD. 47 3.86% $10,670
EVERETT FINANCIAL, INC. 44 5.27% $10,588
HOME POINT FINANCIAL CORPORATION 41 3.81% $11,942
PENTAGON FEDERAL CREDIT UNION 38 3.71% $8,449
GUARANTEED RATE, INC. 33 4.22% $12,948
The Federal Savings Bank 32 4.40% $22,975
CARDINAL FINANCIAL 30 4.75% $14,628
AMERISAVE MORTGAGE CORPORATION 27 4.11% $12,354
Mr. Cooper ( Nationstar Mortgage ) 25 4.35% $11,286
FBC MORTGAGE, LLC 22 4.29% $15,054
MORTGAGE SOLUTIONS OF COLORADO, LLC 20 5.32% $15,808
Barrington Bank & Trust Company, N.A. 20 4.11% $10,230
NEWREZ LLC 19 3.99% $12,634
Equity Prime Mortgage LLC 18 5.58% $11,645
THE MORTGAGE FIRM, INC. 18 4.72% $12,378
LAKEVIEW LOAN SERVICING, LLC 18 3.33% $5,612
PRIMARY RESIDENTIAL MORTGAGE, INC. 18 5.17% $12,157
CLEARPATH LENDING 17 3.76% $17,834
ARK-LA-TEX FINANCIAL SERVICES, LLC. 17 4.29% $15,311
BROKER SOLUTIONS, INC. 17 4.35% $10,996
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 17 4.96% $13,748
Carrington Mortgage Services, LLC 16 4.63% $12,453
Lakeview Community Capital, LLC 16 3.30% $6,981
Armed Forces Bank 16 4.11% $14,388
PLANET HOME LENDING, LLC 15 3.73% $8,743
MOVEMENT MORTGAGE, LLC 14 4.84% $10,733
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 14 5.22% $17,524
PULTE MORTGAGE LLC 14 4.14% $11,550
CAPITAL PARTNERS MORTGAGE, LLC 13 4.90% $10,438
HOMESIDE FINANCIAL, LLC 13 5.02% $10,741
VILLAGE CAPITAL MORTGAGE 13 3.81% $10,504
HOMEBRIDGE FINANCIAL SERVICES, INC. 13 4.37% $15,642
CMG MORTGAGE, INC. 13 3.99% $13,749
GUARANTEED RATE AFFINITY, LLC 13 4.88% $14,070
HAMILTON HOME LOANS, INC. 12 4.52% $15,454
Sierra Pacific Mortgage Company, Inc. 12 4.71% $16,947
AMERICAN PACIFIC MORTGAGE CORPORATION 11 5.03% $13,257
NBKC BANK 11 4.11% $13,910
Century Mortgage Company DBA Century Lending Company 10 4.88% $12,691
NETWORK CAPITAL FUNDING CORPORATION 10 3.76% $13,418
Wells Fargo Bank 9 3.75% $8,836
JPMorgan Chase Bank 9 4.00% $8,421
SUCCESS MORTGAGE PARTNERS, INC. 9 4.32% $12,928
North American Savings Bank, F.S.B. 9 4.15% $12,274
FINANCE OF AMERICA MORTGAGE LLC 9 3.81% $9,069
Mid-Continent Funding, Inc. 8 4.27% $11,182
Strong Home Mortgage, LLC 8 3.64% $17,172
LOANPAL, LLC 8 3.84% $13,684
NVR Mortgage Finance, Inc. 8 4.23% $14,045
NFM, INC. 7 5.18% $14,595
PRIMELENDING, A PLAINSCAPITAL COMPANY 7 4.71% $11,784
MUTUAL OF OMAHA MORTGAGE, INC. 7 4.18% $12,916
FIRST EQUITY MORTGAGE BANKERS, INC. 7 5.13% $17,643
SUN WEST MORTGAGE COMPANY, INC. 6 4.31% $10,389
LADERA LENDING, INC. 6 3.88% $14,095
AMERICAN BANCSHARES MORTGAGE 6 4.88% $17,326
ABSOLUTE HOME MORTGAGE CORPORATION 6 4.92% $17,866
Plains Commerce Bank 6 4.83% $9,570
NATIONWIDE MORTGAGE BANKERS, INC. 5 4.63% $21,869
PREMIA MORTGAGE, LLC 5 3.40% $9,661
Commerce Home Mortgage, Inc. 5 5.13% $18,677
RADIUS FINANCIAL GROUP INC. 5 4.43% $13,678
BNC National Bank 5 3.85% $6,129
BAY EQUITY LLC 5 5.50% $14,437
Texana Bank 5 3.25% $12,146
The Central Trust Bank 5 3.65% $12,535
VAN DYK MORTGAGE CORPORATION 4 3.78% $12,224
Nations Lending Corporation 4 3.94% $17,300
ACADEMY MORTGAGE CORPORATION 4 4.53% $15,178
AMCAP MORTGAGE, LTD. 4 4.66% $22,048
TOWNE MORTGAGE COMPANY 4 4.19% $10,021
Waterstone Mortgage Corporation 4 4.63% $13,263
Mortgage Lenders Investment Trading Corporation 4 3.06% $9,334
Northpointe Bank 4 4.16% $9,684
NP, Inc. 4 4.91% $8,246
EMBRACE HOME LOANS, INC. 4 4.31% $32,004
GUILD MORTGAGE COMPANY 4 4.38% $12,488
South State Bank 4 3.28% $12,867
Low VA Rates, LLC 4 4.34% $13,578
Wyndham Capital Mortgage, Inc. 4 3.72% $7,729
Prosperity Home Mortgage, LLC 4 5.31% $10,818
ZILLOW HOME LOANS, LLC 3 3.79% $6,466
Ameris Bank 3 5.21% $16,113
BANKERS MORTGAGE LENDING, INC. 3 5.04% $9,413
Christensen Financial, Inc. 3 4.38% $14,678
First Guaranty Mortgage Corporation 3 3.71% $21,323
First Mortgage Solutions, LLC 3 2.66% $15,164
GENEVA FINANCIAL, LLC 3 5.50% $14,381
Goldwater Bank, N.A. 3 5.54% $11,864
HighTechLending Inc 3 4.25% $25,467
Hometown Lenders, Inc. 3 4.50% $18,995
MY MORTGAGE, INC. 3 4.04% $19,960
NATIONS DIRECT MORTGAGE, LLC 3 4.46% $17,592
PANORAMA MORTGAGE GROUP, LLC 3 5.54% $16,441
PLAZA HOME MORTGAGE, INC. 3 4.16% $11,628
Regions Bank 3 5.25% $10,637
ROUNDPOINT MORTGAGE SERVICING CORPORATION 3 4.67% $7,257
T2 FINANCIAL LLC 3 4.63% $27,040
TJC Mortgage, Inc. 3 4.42% $13,581
UNION HOME MORTGAGE CORP. 3 2.25% $15,173
UNITED MORTGAGE CORP 3 4.63% $28,299
U.S. Bank 3 4.96% $19,556
HOMESPIRE MORTGAGE CORPORATION 2 3.56% $5,478
MATTAMY HOME FUNDING, LLC 2 3.50% $14,649
MCLEAN MORTGAGE CORPORATION 2 3.56% $18,259
MICHIGAN MUTUAL, INC. 2 3.81% $7,706
MID AMERICA MORTGAGE, INC. 2 3.56% $6,377
MILEND, INC. 2 5.50% $9,220
M&T Bank 2 5.00% $5,194
FIRST HOME MORTGAGE CORPORATION 2 4.69% $20,027
First Home Bank 2 3.19% $12,974
First Federal Bank of Kansas City 2 4.38% $18,093
First Federal Bank 2 5.69% $6,450
NOVA FINANCIAL & INVESTMENT CORPORATION 2 4.06% $8,324
EMM LOANS LLC 2 5.38% $26,113
DRAPER AND KRAMER MORTGAGE CORP. 2 4.38% $11,870
OAKTREE FUNDING CORP. 2 4.38% $12,473
DAS Acquisition Company, LLC 2 4.38% $5,174
PHH Mortgage Corporation 2 4.88% $21,949
Premium Mortgage Corporation 2 4.06% $12,321
Citizens Bank 2 4.38% $8,574
CHURCHILL MORTGAGE CORPORATION 2 5.31% $26,265
Capital Bank 2 5.00% $2,979
RELIANCE FIRST CAPITAL, LLC 2 3.50% $21,245
RESIDENTIAL BANCORP 2 4.13% $5,520
RESIDENTIAL HOME FUNDING CORP. 2 4.25% $14,784
AMERICAN PORTFOLIO MORTGAGE CORPORATION 2 5.00% $16,572
CALCON MUTUAL MORTGAGE LLC 2 5.25% $36,773
SOVEREIGN LENDING GROUP INCORPORATED 2 3.00% $6,848
BAY CAPITAL MORTGAGE CORPORATION 2 5.00% $6,446
Bank of America 2 4.56% $37,783
Sunflower Bank 2 4.06% $18,772
BANKING MORTGAGE SERVICES, B.M.S. CORP. 2 5.75% $11,905
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 4.75% $7,739
THE MORTGAGE LINK, INC. 2 5.31% $6,076
TIDEWATER MORTGAGE SERVICES, INC. 2 4.63% $17,136
TOTAL MORTGAGE SERVICES, LLC 2 4.75% $23,369
LAND HOME FINANCIAL SERVICES, INC. 2 5.38% $13,211
ARC HOME LLC 1 5.13% $17,122
LOANFLIGHT LENDING, LLC 1 4.75% $13,572
The Union Bank Company 1 3.25% $5,514
OCEANSIDE MORTGAGE COMPANY 1 4.25% $2,492
AMERIFIRST FINANCIAL CORPORATION 1 6.50% $31,002
DIRECT LENDERS, LLC 1 7.13% $2,750
LIBERTY HOME MORTGAGE CORPORATION 1 5.75% $5,612
Credence Funding Corporation 1 2.25% $4,065
AMERICAN FINANCING CORPORATION 1 2.88% $6,480
CONTOUR MORTGAGE CORPORATION 1 6.00% $16,949
COLUMBUS CAPITAL LENDING, LLC 1 4.63% $34,940
Advisors Mortgage Group, L.L.C. 1 5.50% $25,396
PNC Bank 1 5.13% $6,510
Colten Mortgage, LLC 1 4.75% $9,355
HOMESTAR FINANCIAL CORPORATION 1 5.75% $29,028
Towne Bank 1 4.13% $16,965
Prime Choice Funding Inc. 1 2.63% $21,772
ANGEL OAK HOME LOANS LLC 1 3.75% $4,219
Prosperity Bank 1 4.88% $13,305
CHAMPIONS MORTGAGE LLC 1 6.38% $9,414
Centennial Bank 1 2.75% $20,923
CBM Mortgage, Inc. 1 5.63% $14,519
Town Square Mortgage & Investments, Inc. 1 3.25% $36,766
RANLIFE, INC. 1 5.00% $9,655
US MORTGAGE CORPORATION 1 3.63% $18,631
Truist 1 2.75% $4,937
Republic Bank & Trust Company 1 5.63% $31,910
Tyndall Federal Credit Union 1 4.13% $19,953
AMERICAN FINANCIAL RESOURCES, INC. 1 5.13% $10,134
RESIDENTIAL HOME MORTGAGE CORPORATION 1 3.75% $19,838
Alpha Mortgage Corporation 1 5.88% $32,104
ROYAL UNITED MORTGAGE LLC 1 3.63% $10,812
S1L, Inc. 1 6.50% $11,078
Seacoast National Bank 1 2.75% $7,335
SECURITYNATIONAL MORTGAGE COMPANY 1 5.63% $9,975
Service Federal Credit Union 1 5.25% $3,047
JMAC LENDING, INC. 1 5.13% $4,262
SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 3.88% $7,556
BRIGHTSTAR 1 4.13% $5,565
SOUTHWEST FUNDING, LP 1 5.00% $51,376
INTERSTATE HOME LOAN CENTER, INC. 1 4.25% $10,103
SPACE COAST Credit Union 1 3.13% $3,873
STEARNS LENDING, LLC 1 2.99% $6,914
STOCKTON MORTGAGE CORPORATION 1 3.75% $20,463
Stride Bank 1 4.75% $26,266
KELLER MORTGAGE, LLC 1 3.75% $12,009
HomePromise Corporation 1 6.75% $24,252
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 1 4.63% $21,089
SUMMIT FUNDING, INC. 1 5.25% $3,604
MEMBER FIRST MORTGAGE, LLC 1 6.88% $27,367
Meridian Bank Corporation 1 2.50% $10,234
INTERCOASTAL MORTGAGE COMPANY 1 5.75% $11,108
INTELLILOAN, INC. 1 5.63% $12,700
GSF Mortgage Corporation 1 4.88% $16,431
SWBC MORTGAGE CORPORATION 1 4.25% $22,268
MORTGAGE EQUITY PARTNERS LLC 1 2.88% $10,122
GREENWAY MORTGAGE FUNDING CORP. 1 5.25% $21,052
George Mason Mortgage, LLC 1 2.99% $9,099
Gateway First Bank 1 3.63% $5,151
Franklin Loan Corporation 1 5.63% $3,182
FOUNDATION MORTGAGE CORPORATION 1 5.63% $10,484
AMERICAN HOME LENDING USA, LLC 1 3.99% $14,958
Mutual Federal Bank 1 5.00% $32,909
First Savings Bank 1 3.88% $6,262
UNITED SECURITY FINANCIAL CORP 1 5.38% $20,314
AmRes Corporation 1 3.50% $22,739
First Horizon Bank 1 3.50% $2,254
NATIONS RELIABLE LENDING, LLC 1 5.50% $6,729
TBI MORTGAGE COMPANY 1 3.88% $24,205
TD Bank 1 5.00% $4,722
NBH Bank 1 5.75% $18,145
First Heritage Mortgage, LLC 1 5.25% $7,113
Hometown Equity Mortgage, LLC 1 6.00% $14,279
ASPIRE FINANCIAL, INC. 1 2.50% $6,635
FIRST CENTENNIAL MORTGAGE CORPORATION 1 3.75% $32,223
FIRST ALLIANCE HOME MORTGAGE, LLC 1 5.25% $15,074
NJ LENDERS CORP. 1 3.50% $4,830
FAIRWAY FUNDING GROUP, INC. 1 5.25% $14,098
Envision Bank 1 3.25% $3,948
NORTHPOINT MORTGAGE, INC. 1 4.25% $7,008
Arvest Bank 1 3.75% $4,626

The top Miami VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 519 VA loans originated. Their average total fees are $12,685, which is $1,458 higher than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Miami VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($5,612), Lakeview Community Capital, LLC ($6,981), PENTAGON FEDERAL CREDIT UNION ($8,449), NAVY FEDERAL CREDIT UNION ($8,662) and PLANET HOME LENDING, LLC ($8,743).

The lowest rate Miami VA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC (3.30%), LAKEVIEW LOAN SERVICING, LLC (3.33%), PENNYMAC LOAN SERVICES, LLC (3.36%), PENTAGON FEDERAL CREDIT UNION (3.71%) and PLANET HOME LENDING, LLC (3.73%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Miami (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $390,000 (4.0%) $877,930 (3.0%) 1.45 46,964
2018-02-01 $389,950 (3.4%) $876,093 (2.7%) 1.42 48,000
2018-03-01 $394,900 (3.3%) $877,390 (2.1%) 1.39 48,471
2018-04-01 $397,250 (3.2%) $878,625 (1.5%) 1.35 48,104
2018-05-01 $399,000 (2.8%) $878,080 (0.5%) 1.33 47,080
2018-06-01 $399,000 (3.4%) $876,980 (1.6%) 1.33 46,266
2018-07-01 $399,000 (2.2%) $872,121 (1.4%) 1.33 45,956
2018-08-01 $398,750 (2.0%) $864,479 (0.0%) 1.34 45,634
2018-09-01 $397,500 (1.9%) $863,005 (-0.7%) 1.34 46,079
2018-10-01 $395,000 (1.4%) $865,294 (0.5%) 1.34 47,545
2018-11-01 $395,000 (1.3%) $870,080 (0.6%) 1.34 49,390
2018-12-01 $390,000 (0.0%) $876,932 (0.9%) 1.35 50,364
2019-01-01 $390,000 (0.0%) $877,272 (-0.1%) 1.35 51,142
2019-02-01 $390,000 (0.0%) $880,129 (0.5%) 1.32 52,901
2019-03-01 $393,857 (-0.3%) $880,775 (0.4%) 1.29 52,215
2019-04-01 $399,000 (0.4%) $885,985 (0.8%) 1.27 50,843
2019-05-01 $399,900 (0.2%) $894,498 (1.9%) 1.25 49,419
2019-06-01 $399,995 (0.3%) $888,830 (1.4%) 1.25 47,731
2019-07-01 $400,000 (0.3%) $887,381 (1.8%) 1.25 46,166
2019-08-01 $399,727 (0.3%) $881,450 (2.0%) 1.27 45,593
2019-09-01 $399,318 (0.5%) $884,164 (2.5%) 1.28 45,055
2019-10-01 $399,295 (1.1%) $890,679 (2.9%) 1.29 44,975
2019-11-01 $399,900 (1.2%) $914,790 (5.1%) 1.31 45,823
2019-12-01 $399,900 (2.5%) $928,914 (5.9%) 1.33 45,647
2020-01-01 $399,000 (2.3%) $936,926 (6.8%) 1.33 44,976
2020-02-01 $399,900 (2.5%) $942,000 (7.0%) 1.31 45,474
2020-03-01 $399,950 (1.6%) $943,061 (7.1%) 1.25 45,269
2020-04-01 $395,000 (-1.0%) $909,493 (2.7%) 1.24 44,432
2020-05-01 $390,000 (-2.5%) $914,355 (2.2%) 1.19 43,838
2020-06-01 $399,000 (-0.3%) $928,936 (4.5%) 1.18 42,716
2020-07-01 $399,450 (-0.1%) $951,326 (7.2%) 1.16 40,288
2020-08-01 $399,900 (0.0%) $962,157 (9.2%) 1.15 39,108
2020-09-01 $400,000 (0.2%) $977,449 (10.6%) 1.15 38,036
2020-10-01 $405,000 (1.4%) $988,892 (11.0%) 1.16 37,486
2020-11-01 $400,000 (0.0%) $988,801 (8.1%) 1.17 37,078
2020-12-01 $399,999 (0.0%) $994,308 (7.0%) 1.19 35,995
2021-01-01 $399,000 (0.0%) $985,980 (5.2%) 1.19 33,468
2021-02-01 $396,000 (-1.0%) $1,001,301 (6.3%) 1.15 30,512
2021-03-01 $398,750 (-0.3%) $1,025,276 (8.7%) 1.13 26,860
2021-04-01 $412,000 (4.3%) $1,061,309 (16.7%) 1.12 24,099
2021-05-01 $429,000 (10.0%) $1,116,370 (22.1%) 1.14 21,800
2021-06-01 $449,000 (12.5%) $1,163,849 (25.3%) 1.18 20,633
2021-07-01 $455,500 (14.0%) $1,159,295 (21.9%) 1.20 20,962
2021-08-01 $459,500 (14.9%) $1,176,863 (22.3%) 1.23 20,831
2021-09-01 $467,450 (16.9%) $1,207,975 (23.6%) 1.25 20,298
2021-10-01 $479,850 (18.5%) $1,260,576 (27.5%) 1.28 19,457
2021-11-01 $482,500 (20.6%) $1,304,727 (32.0%) 1.29 18,303
2021-12-01 $492,000 (23.0%) $1,343,447 (35.1%) 1.33 17,026
2022-01-01 $495,000 (24.1%) $1,399,438 (41.9%) 1.34 15,400
2022-02-01 $522,450 (31.9%) $1,501,661 (50.0%) 1.36 13,562
2022-03-01 $544,500 (36.6%) $1,566,457 (52.8%) 1.36 13,063
2022-04-01 $577,000 (40.1%) $1,616,168 (52.3%) 1.38 12,824
2022-05-01 $622,000 (45.0%) $1,623,239 (45.4%) 1.42 14,723
2022-06-01 $625,000 (39.2%) $1,531,062 (31.6%) 1.39 17,323
2022-07-01 $620,000 (36.1%) $1,432,579 (23.6%) 1.40 21,070
2022-08-01 $604,250 (31.5%) $1,406,956 (19.6%) 1.40 22,465
2022-09-01 $599,000 (28.1%) $1,394,037 (15.4%) 1.40 22,563
2022-10-01 $599,000 (24.8%) $1,407,503 (11.7%) 1.41 23,837
2022-11-01 $599,000 (24.2%) $1,431,457 (9.7%) 1.44 25,520
2022-12-01 $595,000 (20.9%) $1,461,505 (8.8%) 1.47 25,915
2023-01-01 $595,000 (20.2%) $1,471,482 (5.2%) 1.48 25,923
2023-02-01 $599,000 (14.7%) $1,504,246 (0.2%) 1.45 25,465
2023-03-01 $599,444 (10.1%) $1,521,538 (-2.9%) 1.41 24,539
2023-04-01 $605,000 (4.9%) $1,570,063 (-2.9%) 1.41 23,341
2023-05-01 $607,945 (-2.3%) $1,580,256 (-2.7%) 1.38 22,853
2023-06-01 $604,924 (-3.2%) $1,548,264 (1.1%) 1.36 22,582
2023-07-01 $601,990 (-2.9%) $1,497,098 (4.5%) 1.37 22,403
2023-08-01 $600,000 (-0.7%) $1,468,712 (4.4%) 1.38 22,488
2023-09-01 $599,000 (0.0%) $1,445,209 (3.7%) 1.39 24,077
2023-10-01 $598,500 (-0.1%) $1,453,940 (3.3%) 1.41 26,415
2023-11-01 $594,973 (-0.7%) $1,473,559 (2.9%) 1.42 29,158
Miami's median listing price for 2023-11-01 was $594,973, a difference of $-4,027 (-0.7%) versus the prior year and $-3,527 versus the prior month.

Miami's median listing price comes in at 142% of the national average.

Miami's average listing price for 2023-11-01 was $1,473,559, a difference of $42,102 (2.9%) versus the prior year and $19,619 versus the prior month.

For the 2023-11-01 period, Miami had 29,158 MLS listings, a difference of 2,743 listings (10%) versus the prior month and 3,638 listings (14%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Miami (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 81 days 1,498 sqft
2018-02-01 78 days 1,500 sqft
2018-03-01 72 days 1,500 sqft
2018-04-01 74 days 1,502 sqft
2018-05-01 76 days 1,507 sqft
2018-06-01 79 days 1,515 sqft
2018-07-01 80 days 1,517 sqft
2018-08-01 81 days 1,513 sqft
2018-09-01 81 days 1,510 sqft
2018-10-01 78 days 1,507 sqft
2018-11-01 75 days 1,510 sqft
2018-12-01 79 days 1,507 sqft
2019-01-01 83 days 1,505 sqft
2019-02-01 81 days 1,507 sqft
2019-03-01 79 days 1,512 sqft
2019-04-01 78 days 1,520 sqft
2019-05-01 81 days 1,526 sqft
2019-06-01 85 days 1,527 sqft
2019-07-01 86 days 1,530 sqft
2019-08-01 86 days 1,524 sqft
2019-09-01 86 days 1,515 sqft
2019-10-01 85 days 1,508 sqft
2019-11-01 81 days 1,506 sqft
2019-12-01 84 days 1,500 sqft
2020-01-01 87 days 1,499 sqft
2020-02-01 82 days 1,488 sqft
2020-03-01 74 days 1,485 sqft
2020-04-01 82 days 1,461 sqft
2020-05-01 94 days 1,450 sqft
2020-06-01 103 days 1,436 sqft
2020-07-01 96 days 1,405 sqft
2020-08-01 82 days 1,389 sqft
2020-09-01 81 days 1,380 sqft
2020-10-01 81 days 1,375 sqft
2020-11-01 79 days 1,366 sqft
2020-12-01 81 days 1,357 sqft
2021-01-01 83 days 1,333 sqft
2021-02-01 75 days 1,302 sqft
2021-03-01 64 days 1,291 sqft
2021-04-01 60 days 1,296 sqft
2021-05-01 56 days 1,311 sqft
2021-06-01 53 days 1,341 sqft
2021-07-01 52 days 1,361 sqft
2021-08-01 53 days 1,365 sqft
2021-09-01 54 days 1,369 sqft
2021-10-01 55 days 1,376 sqft
2021-11-01 56 days 1,376 sqft
2021-12-01 58 days 1,366 sqft
2022-01-01 61 days 1,356 sqft
2022-02-01 48 days 1,363 sqft
2022-03-01 40 days 1,387 sqft
2022-04-01 40 days 1,434 sqft
2022-05-01 36 days 1,487 sqft
2022-06-01 37 days 1,500 sqft
2022-07-01 40 days 1,512 sqft
2022-08-01 49 days 1,513 sqft
2022-09-01 57 days 1,513 sqft
2022-10-01 60 days 1,518 sqft
2022-11-01 61 days 1,515 sqft
2022-12-01 66 days 1,500 sqft
2023-01-01 72 days 1,488 sqft
2023-02-01 67 days 1,472 sqft
2023-03-01 60 days 1,460 sqft
2023-04-01 63 days 1,452 sqft
2023-05-01 63 days 1,441 sqft
2023-06-01 62 days 1,441 sqft
2023-07-01 64 days 1,434 sqft
2023-08-01 62 days 1,425 sqft
2023-09-01 58 days 1,416 sqft
2023-10-01 56 days 1,421 sqft
2023-11-01 57 days 1,425 sqft
Miami's median listing age (time on market) for 2023-11-01 was 57 days. This is -7% shorter than the same period one year ago.

Miami's median square footage for active listings during the 2023-11-01 period was 1,425 sqft. One year prior, the average listing was 1,515 sqft.

VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.