Market Intelligence · FL / Miami

Miami, FL 33131 Housing Market

The typical home value in Miami's 33131 ZIP is $587,486, down 2.3% over the past year. Homes are listed at a median price of $785,000 and stay on the market for a median of 107 days.

Updated August 2026Median value$587K

The median home value in Miami, FL 33131 is $587K as of August 2026, down 2.3% 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

$540K to $634K

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

-2.3% over 12 months

Typical home value in 33131 over the last 12 months: $601K in Jul 2025 to $587K in Jul 2026 (-2.3%).

Jul 2025$601K

Jul 2026$587K

The numbers

What is the 33131 housing market like?

Typical home value

$587K

Down2.3%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 (July 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 33131 home prices compare?

  • 33131$587,486
  • Miami$567,889
  • Florida$348,100
  • United States$289,821

Median Zillow home value (ZHVI), as of July 2026. Comparison levels are medians across every ZIP code with Zillow data (Miami: 55 ZIPs; Florida: 923 ZIPs; United States: 26,266 ZIPs).

Context

The Miami 33131 market shows a mix of signals. There are 844 homes for sale, with 112 new listings as of early August 2026. The median list price sits at $785,000, while the median time on market is 107 days. About 9.7% of listings have seen a price cut, reflecting softer demand. For sellers, this is a buyer-favorable market where homes need time to move.

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