Market Intelligence · FL / Miami

Miami, FL 33128 Housing Market

The typical home value in Miami, FL 33128 is $433,368, down 2.1% over the past year as of 2026-08-01. The median list price is $490,000, and homes spend a median of 119 days on market. That gap between listing price and value is worth noting for sellers.

Updated August 2026Median value$433K

The median home value in Miami, FL 33128 is $433K as of August 2026, down 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 33128 range

$399K to $468K

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

Typical home value in 33128 over the last 12 months: $443K in Aug 2025 to $433K in Aug 2026 (-2.1%).

Aug 2025$443K

Aug 2026$433K

The numbers

What is the 33128 housing market like?

Typical home value

$433K

Down2.1%YoY

Median list price

$490K

Up1.0%MoM

Days on market

119

Up1.7%MoM

Homes for sale

60

Up11.1%MoM

Price cuts

4.8%

Down76.2%MoM

New listings

16

Up60.0%MoM

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

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The comparison

How do 33128 home prices compare?

  • 33128$433,368
  • Miami$565,977
  • 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 (Miami: 55 ZIPs; Florida: 923 ZIPs; United States: 26,265 ZIPs).

Context

As of 2026-08-01, there are 60 homes for sale in 33128, with 16 new listings added. The typical home value is $433,368, down 2.1% over the past year. Sellers are asking a median of $490,000, but homes sit for a median of 119 days before going under contract. Only 4.8% of listings have taken a price cut, which suggests most sellers are holding firm on price rather than adjusting. For a seller here, patience and realistic pricing matter more than testing the top of the market.

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