How much is a home in 33031 worth?

The typical home value in Homestead, FL 33031 is $908,128, up 2.1% over the past year. The median list price is $1,249,500.

How long does it take to sell a home in 33031?

Homes in 33031 spend a median of 74 days on the market. That pace gives sellers time but also signals buyers are not rushing.

Are sellers cutting prices in 33031?

Yes, 12.9% of listings in 33031 have had a price cut. With 63 homes for sale, buyers have options, which can put pressure on sellers to adjust.

Market Intelligence · FL / Homestead

Homestead, FL 33031 Housing Market

The typical home in Homestead, FL 33031 is valued at $908,128, up 2.1% over the past year. Sellers are currently listing at a median price of $1,249,500, and homes spend a median of 74 days on the market.

Updated August 2026Median value$908K

The median home value in Homestead, FL 33031 is $908K as of August 2026, up 2.1% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 33031 range

$835K to $981K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+2.1% over 12 months

Aug 2025$889K

Low $883KHigh $908K

Aug 2026$908K

The numbers

What is the 33031 housing market like?

As of August 2026

Typical home value

$908K

2.1%YoY

Median list price

$1.25M

6.3%MoM

Days on market

8.8%MoM

Homes for sale

12.5%MoM

Price cuts

12.9%

29.8%MoM

New listings

25.0%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 33031 home prices compare?

33031$908,128
Homestead$441,829
Florida$345,153
United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Homestead: 6 ZIPs; Florida: 923 ZIPs; United States: 26,265 ZIPs).

Context

Homestead, FL 33031 shows a market where asking prices run well above typical values, with a median list price of $1,249,500 against a typical home value of $908,128. Values are up 2.1% over the past year, which suggests steady rather than rapid appreciation. There are 63 homes for sale and 12 new listings, so buyers have a reasonable selection. With a median of 74 days on market, homes are not moving quickly. For a seller, this points to pricing realistically and being prepared for a longer timeline.

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