Market Intelligence · FL / Miami

Miami, FL 33128 Housing Market

The typical home value in Miami 33128 is $447,741, down 1.2% over the past year. The median list price sits at $520,750, with homes spending a median of 88 days on the market.

Updated September 2026Median value$448K

The median home value in Miami, FL 33128 is $448K as of September 2026, down 1.2% 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 33128 range

$412K to $484K

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

-1.2% over 12 months

Sep 2025$453K

Low $439KHigh $453K

Sep 2026$448K

The numbers

What is the 33128 housing market like?

As of September 2026

Typical home value

$448K

1.2%YoY

Median list price

$521K

6.3%MoM

Days on market

26.1%MoM

Homes for sale

8.3%MoM

Price cuts

18.9%

296.8%MoM

New listings

62.5%MoM

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

The outlook

33128 housing market forecast 2027

+0.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 33128 to rise 0.7% by September 2027.

Over the 12 months through September 2026, typical home values in 33128 fell 1.2%, per the Zillow Home Value Index.

Will home prices drop in 33128?

Zillow's forecast does not call for a drop: it expects typical home values in 33128 to rise 0.7% by September 2027, after a 1.2% decline 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 33128 home prices compare?

33128$447,741
Miami$566,601
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 (Miami: 55 ZIPs; Florida: 923 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there are 65 homes for sale in 33128, with only 6 new listings added recently. The median time to sell has stretched to 88 days, suggesting a slower pace than many sellers might prefer. About 18.9% of active listings have already seen price cuts, which signals that some homes are not attracting offers at their initial price. The year-over-year decline of 1.2% in typical home value reflects a market where conditions favor buyers doing their homework before making an offer.

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Down payment20% · $89,548

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Common questions

What people ask us.

What is a typical home worth in Miami 33128?

The typical home value is $447,741 as of September 2026, down 1.2% compared to the year prior.

How many homes are currently for sale in 33128?

There are 65 homes listed for sale as of September 2026, with 6 new listings added in that period.

How long do homes typically stay on the market here?

The median days on market is 88 as of September 2026.

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Nearby ZIP markets.

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