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 55% to 1,512 in 2025 Q1, totaling $1.85 billion, up 40% from one year ago.
- At the county level, Palm Beach County accounted for the largest land sales totaling $1.025 billion.
- At the city level, Homestead, Miami Beach, and Florida City accounted for the most sales.
Read the 2025 Q1 Southeast Florida Land Sales Report HERE.
Residential, commercial, and industrial lands sold in the Southeast Florida counties of Miami-Dade, Broward, and Palm Beach saw robust growth in 2025 Q1 underpinned by Southeast Florida’s resilient economy amid rising economic risks.
The number of land parcels traded rose to 1,512 parcels, up 55% from one year ago. The dollar volume rose 40% in 2025 Q1 to $1.85 billion, according to Miami Association of Realtors (MIAMI) estimates based on county records obtained via Imapp, a provider of tax roll data.
By county, Palm Beach County accounted for the largest land sales volume at $1.025 billion, followed by Miami-Dade, at $730 million. These two counties accounted for 95% of the dollar volume of land transactions in 2025 Q1.
Major developers buy land in Homestead and Florida City
At the city level, the highest number of land parcels traded were in Homestead (Miami-Dade County), the Acreage (Palm Beach County), Palm Beach Gardens (Palm Beach County), Miami Beach (Miami-Dade County) and Florida City (Miami-Dade County).
Homebuilders and developers DR Horton, Lennar Homes, Millrose Properties. and NVR Inc led were the largest buyers of land in Homestead and Florida City. These homebuilder land acquisitions will provide more new home sales in these areas in the next two to three years.
Homestead and Florida City’s cheaper land prices are attracting developers. In Homestead, the median land sales price in 2025 Q1 was $81/sf, and in Florida City, the median land sales price was $44/sf. Land is also relatively cheap in the unincorporated areas of Miami-Dade County, with the median sales price of $44/sf.
Miami-Dade County land sales
In Miami-Dade County, 692 parcels traded in 2025 Q1, nearly quadruple the level in 2024 Q1 (161 parcels). The dollar volume rose to $730 million in 2025 Q1, nearly triple the level one year ago ($260 million).
Homestead (271 parcels), Miami Beach (122 parcels), Florida City (103 parcels), and Miami (98 parcels) led in number of sales.
Broward County land sales
In contrast to the increase in land sales in Miami-Dade County and Palm Beach County, land sales fell 26% in Broward County in 2025 Q1 from one year ago. There were 70 land sales for a total value of $100 million.
Fort Lauderdale (20 parcels), Pompano Beach (10 parcels) and Dania Beach (7 parcels) led in number of sales.
Palm Beach County land sales
Palm Beach County led the Tri-County area in land parcel sales in 2025 Q1 with 750 land sales (vs. 692 in Miami-Dade County and 70 in Broward County). Compared to one year ago, land sales rose 4%. The dollar volume in 2025 Q1 rose to $1.02 billion (vs. $730 million in Miami-Dade and $100 million in Broward County).
The Acreage (226 parcels), Palm Beach Gardens (148 parcels) and Boynton Beach (98 parcels) led in number of sales.
MIAMI Realtors® identified The Acreage, Boynton Beach, and Jupiter as hot housing markets in April, experiencing rising sales, rising prices, and with an active inventory of 6 months’ supply.[1]
Southeast Florida’s resilient economy and rising population underpin demand for land
Southeast Florida’s healthy job growth and a rising population from international migration underpin the demand for land. From July 2023 through July 2024, the city of Miami’s population rose 3.5%, outpacing the national increase of 1%.[2] The Miami-Miami Beach-Kendall metropolitan division had the fastest employment growth among the nation’s 37 metropolitan divisions as of March 2025 (latest data).[3] The Miami Metro area continues to attract out-of-state jobs particularly in tech and finance based on the latest job-to-job flows data.[4]
[1] South Florida Single-Family Home Inventory Still Below Pre-Pandemic – MIAMI REALTORS®
[2] Miami Ranked No. 11 in U.S. For Largest Population Increase – MIAMI REALTORS®
[3] Miami-Miami Beach Ranks No. 1 in the U.S. in Fastest Employment Growth and Lowest Unemployment – MIAMI REALTORS®
