Realtor.com
Miami, FL may be known for flash, but it’s the old-world elegance of Mediterranean homes that anchors the city’s architectural identity.
According to Realtor.com®’s latest style report, these sun-drenched stunners dominate Miami listings and define the area’s upscale appeal—even as the market cools slightly in 2025.
With high prices and slower sales, Miami’s real estate remains luxurious but increasingly selective.
Mediterranean homes are Miami’s signature style
Mediterranean-style homes make up 9.2% of all listings in Miami—one of the highest shares in the U.S., second only to Los Angeles. These homes are instantly recognizable with their stucco exteriors, red-tile roofs, wrought-iron balconies, and archways. Their spacious, resort-style layouts are a perfect match for South Florida’s year-round sunshine.
As of April, the median list price in Miami was $649,775. That’s well below the $725,000 national median for Mediterranean-style homes, though many of Miami’s homes in this category are in the high-end tier, particularly along the coast.
“By far the most popular style in Naples, Mediterranean-style homes attract luxury buyers who want that international resort lifestyle year-round,” said Maggie Ives of Premier Sotheby’s International Realty. “These homes make their owners feel like they’re on a permanent vacation”.
Built for entertaining, built to last
Mediterranean homes are among the largest on the market today, with a typical size of 2,500 square feet—well above the national average of 2,048 square feet. They also tend to be newer, with a national median year built of 2001 for this style. That’s evident in Miami, where newer builds often blend classical design with modern amenities.
Despite their size and luxury appeal, Mediterranean homes saw no price appreciation over the past year, holding flat at 0.0% nationally. Over the past six years, however, they’ve appreciated 36.8%, making them a strong long-term investment for those who buy at the right time.
Miami’s market slows—but inventory grows
Miami’s housing market softened in the spring of 2025. The median list price dipped to $649,775, while price per square foot declined 1.0%—falling behind the national gain of 1.0%.
Inventory rose 3.5% from March, with 7,918 homes on the market. That’s a massive 52.2% increase over the same time last year, pointing to a supply shift that could favor buyers going forward.
New listings in April totaled 1,774—down 8.9% from the previous month but still 7.9% higher than April 2024. Homes are taking longer to sell, too, with an average of 71 days on market—well above the national average of 50 days.
A market adjusting to luxury pressure
Miami is one of the top 10 housing markets seeing steep luxury declines. The area experienced a 46.7% year-over-year drop in median list price, landing at $1.2 million. High-end buyers may be holding out or choosing other metros as inventory rises.
“Prices could be falling due to an increase in lower-priced listings as inventory builds or due to falling buyer demand,” says Hannah Jones Senior Economic Research Analyst at Realtor.com.
Still, Miami ranks second on the list of Top Housing Markets for 2025, with forecasted sales growth of 24% and price appreciation of 9%. That resilience, especially in the face of broader softening, speaks to the city’s enduring allure.
Miami’s housing market also benefits from strong international demand. With 42.7% of residents born abroad, the city ranks highest among top metros for global ties—a factor that keeps interest high in luxury homes, especially those with Mediterranean features.
Tropical elegance with staying power
Mediterranean-style homes remain the soul of Miami real estate. With their palm-lined courtyards, arched doors, and timeless curb appeal, they offer a slice of the good life—even when the numbers cool.
“Buyers who want their home to feel like a private resort, that’s where Mediterranean or European-inspired homes come in,” said Phillip Gazca, Regional Manager at Better Homes and Gardens Real Estate. “They tend to appeal to people who love entertaining and want a lifestyle that feels relaxed, sunny, and upscale”.
In a market where style and climate go hand in hand, Miami’s Mediterranean homes continue to capture attention—luxury slowdowns aside.