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New Construction Homes in Homestead

Miami-Dade's main supply of new single-family homes, competing with resales that are barely 20 years old.

Resale single-family homes in Homestead have a typical value of about $455,008 on Zillow's home value index, down 2.7% over the past year, and that is what every new-construction price in town competes against. Homestead still has land for new subdivisions, which is rare in Miami-Dade, so it is one of the few places in the county where a buyer can choose between several new single-family communities at once.

See homes in this price range →

Homestead, Florida : Homestead Historic Downtown District : Homestead Town Hall
Photo: Ebyabe, CC BY-SA 4.0 via Wikimedia Commons
Typical single-family home value
$455K
Homestead, Zillow, September 2026
Past year
−2.7%
Past 5 years
+31.3%
Lower third of the market
$323K
typical value
Upper third
$571K
typical value

New versus resale when resale is already young

Census data puts Homestead's median year built at 2001. Much of the resale inventory comes from the 2000s building wave, so the choice here is often a brand-new house against one that is 15 to 25 years old. That narrows the gap between them. A 2005 house built to current Miami-Dade wind code doesn't carry the plumbing and wiring questions of a 1970s home, though its roof, AC and water heater may be near replacement.

Zillow's resale benchmarks by size:

When a new four-bedroom is priced well above $516,386, ask what the extra buys: a new roof and systems, a warranty, energy efficiency and lower insurance. Some of that has real dollar value. Some of it doesn't hold at resale once the house is a few years old.

Typical single-family home value: Homestead
Single-familyAll homes
$100K$200K$300K$400K$500K20122014201620182020202220242026$455K$437K

Zillow Home Value Index, mid-tier, seasonally adjusted. Hover to see any date.

Data table
MonthSingle-familyAll homes
Dec 2012$121,832$112,936
Dec 2013$149,487$139,514
Dec 2014$170,235$158,392
Dec 2015$192,422$178,913
Dec 2016$217,272$204,575
Dec 2017$239,599$227,469
Dec 2018$262,148$250,832
Dec 2019$273,326$261,157
Dec 2020$296,581$283,191
Dec 2021$364,079$348,021
Dec 2022$430,615$415,185
Dec 2023$461,010$445,269
Dec 2024$483,441$465,715
Dec 2025$462,783$445,662
Sep 2026$455,008$437,198

Why the soft market matters to builders

Homestead's all-homes value rose 32.1% over five years, then fell 3.0% over the past year. When resale prices slip, builders compete harder for the same buyers. That usually shows up as larger incentives instead of lower list prices, because builders protect their base prices to keep appraisals in their communities up.

Incentives commonly cover part of the closing costs, pay for a mortgage rate buydown, or include upgrades at no charge. Most of them require using the builder's affiliated lender and title company. You are free to finance elsewhere, but you may give up the incentive, so get a full loan estimate from the builder's lender and from at least one outside lender and compare the cash you'd bring to closing and the monthly payment over the years you expect to own.

Homestead: typical value by bedrooms
  1. 1 bedroom$316K
  2. 2 bedrooms$261K
  3. 3 bedrooms$415K
  4. 4 bedrooms$516K
  5. 5+ bedrooms$630K

Zillow index by bedroom count, all home types.

Typical single-family home value: Miami-Dade County cities
  1. Miami Beach$2.46M
  2. Coral Gables$2.1M
  3. Doral$682K
  4. Miami$664K
  5. Aventura$636K
  6. The Hammocks$597K
  7. Cutler Bay$592K
  8. Hialeah$565K
  9. North Miami Beach$508K
  10. North Miami$505K
  11. Miami Gardens$484K
  12. Fountainbleau$474K
  13. Homestead$455K

Zillow index.

Cash you need to buy at $455,000

All cashMortgage, 20% downForeign national loan, 35% down
Down payment$455,000$91,000$159,250
Buyer closing costs$3,800$9,327$8,952
Total at closing$458,800$100,327$168,202

Includes Florida doc stamps on the note ($0.35 per $100 borrowed), the 0.2% intangible tax on the mortgage, the lender's title policy, settlement and recording fees and typical lender fees, plus the owner's title policy, which Miami-Dade buyers usually pay. Excludes prorated taxes and HOA. For your exact numbers use the closing cost calculator.

The price on the sign and the price at closing

New-home pricing in Homestead starts with a base price for the floor plan. On top of that come lot premiums for lake, corner or larger lots, structural options like an extra bedroom or a covered lanai, and design selections for flooring, cabinets and counters. Buyers often spend more in the design center than they planned.

Decide on your options before you sign the contract, and get the full price in writing. Upgrades that tend to matter to the next buyer are impact windows if they aren't standard, a covered outdoor area, and a better kitchen. Decor-level upgrades usually don't come back at resale.

CDDs and HOAs in Homestead's new communities

Many new South Dade subdivisions are financed through a Community Development District. The developer uses CDD bonds to pay for roads, drainage and utilities, and homeowners repay them through an annual assessment on the property tax bill, often for 20 to 30 years. On a lower-priced house, a CDD assessment can be a large share of the yearly carrying cost.

Ask for the annual CDD amount, whether it includes a debt portion and an operations portion, and when the bonds pay off. Then add the HOA dues. Comparing a new house with a CDD and HOA against an older resale with neither, on price alone, is the most common mistake I see buyers make in Homestead.

Florida has no state income tax. A buyer who lives in the house full time can file for homestead, up to $51,411 off assessed value in 2026. Expect the first full tax bill after construction to be much higher than any bill shown while the lot was vacant.

Deposits, timelines and your own representation

New construction contracts in Homestead usually require a deposit, often in stages as the build moves forward. Ask whether deposits are held in escrow or can be spent on construction, and read the contract's terms on delays and what happens if the builder misses its estimated completion date. Build times vary by community and by how many homes the builder has underway.

The person in the sales office represents the builder and the builder's contract. A buyer's agent is typically paid by the builder in new construction and can compare the deal against resale and other communities. Bring your agent, or register them, on the very first visit, since many builders refuse to add an agent afterward.

Warranty and independent inspections

Builders typically provide a three-tier warranty: one year for workmanship and materials, two years for systems like plumbing, electrical and HVAC, and ten years for structural defects. Ask for the written warranty before signing, not after.

A new house still needs your own inspector. Schedule one before the drywall goes up, when framing, straps and wiring are visible, and another before closing to build the punch list. A check at month 11, before the first-year coverage runs out, catches problems that only show up once you've lived in the house.

Flood zone matters on new lots too. South Dade is low and flat, so check the FEMA zone and the elevation certificate for your lot, and get a homeowners and flood quote before closing. If you want a side-by-side shortlist of new communities and comparable resales in Homestead, I can put one together.

Common questions

Are there new construction homes in Homestead, FL?

Yes. Homestead is one of the few parts of Miami-Dade with land for new single-family subdivisions, so several communities are usually selling at once.

Is new construction cheaper than resale in Homestead?

Usually not on price, once lot premiums and options are added. Compare against Zillow's resale figures, such as about $516,386 for a typical four-bedroom, and add CDD and HOA costs.

What incentives do Homestead builders offer?

Common ones are closing cost credits, rate buydowns and included upgrades, typically tied to the builder's affiliated lender. Compare the total cost with an outside lender.

Do new homes in Homestead have CDD fees?

Many do. Ask for the annual CDD amount and when the bonds are paid off, since it appears on the property tax bill every year.

Get a shortlist that fits your budget

Tell me what you're looking for and I'll send real listings with the full cost of owning each one: HOA or condo fees, property tax at your price, insurance, and closing costs. No newsletters, no pressure.

  • MLS listings, including ones that just hit the market
  • Condo budget, reserves and inspection history checked before you offer
  • Fully remote if you need it: video tours, e-signing, wire to escrow

Or reach me directly: (754) 203-9632 · info@danmarusinhomes.com · WhatsApp on the same number

I reply personally within one business day. Dan Marusin, FL Sales Associate SL3542968, LoKation Real Estate.

Data: Zillow Home Value Index (ZHVI), Zillow Research, latest month September 2026; U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates. Figures for small areas carry margins of error. These are planning numbers, not an appraisal of any property.