Market Intelligence · FL / Miami

Miami, FL 33131 Housing Market

In Miami, FL 33131, the typical home value is $584,613, down 1.8% over the past year as of 2026-08-01. The median list price is $785,000, and homes are spending a median of 107 days on the market.

Updated August 2026Median value$585K

The median home value in Miami, FL 33131 is $585K as of August 2026, down 1.8% 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 33131 range

$538K to $631K

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

-1.8% over 12 months

Typical home value in 33131 over the last 12 months: $595K in Aug 2025 to $585K in Aug 2026 (-1.8%).

Aug 2025$595K

Aug 2026$585K

The numbers

What is the 33131 housing market like?

Typical home value

$585K

Down1.8%YoY

Median list price

$785K

Down1.8%MoM

Days on market

107

Up3.9%MoM

Homes for sale

844

Up1.4%MoM

Price cuts

9.7%

Up32.7%MoM

New listings

112

Down5.1%MoM

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

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The comparison

How do 33131 home prices compare?

  • 33131$584,613
  • 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

Sellers in Miami, FL 33131 are working in a cooler market. There were 844 homes for sale as of 2026-08-01, with 112 new listings entering at the same time. The median list price is $785,000, while the typical home value is $584,613, down 1.8% over the past year. Homes are taking a median of 107 days to sell, and 9.7% of listings have taken a price cut. Pricing needs to be realistic from the start, because buyers have room to wait.

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20% · $116,923

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