Market Intelligence · FL / Homestead

Homestead, FL 33031 Housing Market

Homestead homes are worth $906,614 on average, up 2.9% over the past year. The median list price stands at $1,271,125, and homes typically spend 75 days on the market before selling.

Updated September 2026Median value$907K

The median home value in Homestead, FL 33031 is $907K as of September 2026, up 2.9% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 33031 range

$834K to $979K

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

+2.9% over 12 months

Sep 2025$881K

Low $879KHigh $907K

Sep 2026$907K

The numbers

What is the 33031 housing market like?

As of September 2026

Typical home value

$907K

2.9%YoY

Median list price

$1.27M

1.7%MoM

Days on market

1.4%MoM

Homes for sale

3.2%MoM

Price cuts

25.9%

100.4%MoM

New listings

50.0%MoM

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

The outlook

33031 housing market forecast 2027

+0.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 33031 to rise 0.8% by September 2027.

Over the 12 months through September 2026, typical home values in 33031 rose 2.9%, per the Zillow Home Value Index.

Will home prices drop in 33031?

Zillow's forecast does not call for a drop: it expects typical home values in 33031 to rise 0.8% by September 2027, after a 2.9% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 33031 home prices compare?

33031$906,614
Homestead$445,297
Florida$344,436
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Homestead: 6 ZIPs; Florida: 923 ZIPs; United States: 26,262 ZIPs).

Context

Homestead's 33031 ZIP has 61 homes listed for sale as of September 2026, with 6 new listings arriving during that period. The market is showing some friction: nearly one in four listings have received a price cut. The 75-day median time on market suggests buyers are taking their time, and that's consistent with a market where sellers may need patience. For homeowners weighing a sale, this is a moment to price realistically and be prepared for negotiations.

Monthly payment

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Home price

Down payment20% · $181,323

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Common questions

What people ask us.

What is the typical home value in Homestead 33031?

The typical home value is $906,614, which has increased 2.9% over the past year.

How long do homes stay on the market in 33031?

The median time on market is 75 days as of September 2026.

How many homes are currently for sale in Homestead 33031?

There are 61 homes for sale, with 6 new listings in September 2026.

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Nearby ZIP markets.

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