By Gay Cororaton, MIAMI REALTORS Chief Economist
Key Takeaways
- Sales of residential, commercial, and industrial land in the counties of Miami-Dade, Broward, and Palm Beach rose to $3.56 billion in the first half of 2025, up 14% year-over-year.
- The median sales price per square foot rose at a double-digit pace: residential ($116/sf, +16%), commercial ($85,+ 21%), industrial ($64, +52%).
- Homestead, The Acreage, and Palm Beach Gardens had the largest sales volume.
Access the Southeast Florida Land Sales Report 2025 Q2 HERE.
Residential, commercial, and industrial lands sold in the counties of Miami-Dade, Broward, and Palm Beach in the first half of 2025 rose to $3.56 billion, a 15% year-over-year increase. The sales volume involved 2,440 land parcels, up 9% from one year ago, according to MIAMI Realtors® analysis of county records.
The growth in land sales volume is in contrast to the decrease in sales volume of existing home sales in the first five months of the year (-1.5%), and it outpaced the growth in sales volume (+10%) of the core four commercial assets of multifamily, office, industrial, and retail in the first half of 2025.
The increase in land transactions, a leading indicator of future real estate development, indicates strong investor confidence in the long-term outlook of Southeast Florida’s real estate market.
City of Homestead leads Miami-Dade land sales volume in 2025 Q1-Q2
By county, Palm Beach County led in sales volume with $1.8 billion, followed by Miami-Dade County with $1.4 billion and Broward County with $348 million. However, sales rose the fastest in Miami-Dade County (+148%) compared to Broward County (+6%), and Palm Beach County (-20%).
By city, the most parcels traded were in Homestead (Miami-Dade County), The Acreage (Palm Beach County), and Palm Beach Gardens (Palm Beach County).
Based on county records, Lennar Homes, DR Horton, Millrose Properties. and NVR Incorporated were the largest buyers of land in the first half of 2025, purchasing land in Homestead and Florida City. Florida City is one of the least expensive areas, with the median residential sales price per square foot at $44/sf (vs. $124/sf overall in Miami-Dade).
Affordability conditions and a growing population are driving the demand for housing further away from the urban core. The affordable home price for a 2-earner household each earning the average weekly wage ($1,115 in the Miami MSA) is about $400,000. Only 3% of Miami-Dade active listings as of May 2025 are at that price point.
Miami-Dade land price rose at double-digit pace in 2025 Q1-Q2
In Miami-Dade, the median price of land sold in the first half of 2025 rose across property types. Residential land sales prices per square foot rose to a median of $124/sf, up 125%. Commercial land sales prices per square foot rose to a median of $104/sf, up 22%. Industrial land sales prices per square foot rose to a median of $74/sf, up 76%. These double-digit land price growths outpace the pace for existing home sales prices as of May 2025.
