Market Intelligence · FL / Miami

Miami, FL 33131 Housing Market

Typical home value in Miami 33131 is $591,556, down 1.2% over the past year. The median list price stands at $771,250, with homes spending 107 days on market as of September 2026.

Updated September 2026Median value$592K

The median home value in Miami, FL 33131 is $592K 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 33131 range

$544K to $639K

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$599K

Low $587KHigh $599K

Sep 2026$592K

The numbers

What is the 33131 housing market like?

As of September 2026

Typical home value

$592K

1.2%YoY

Median list price

$771K

1.8%MoM

Days on market

107

0.0%MoM

Homes for sale

852

0.9%MoM

Price cuts

10.5%

8.4%MoM

New listings

104

7.1%MoM

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

The outlook

33131 housing market forecast 2027

+0.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 33131 to rise 0.9% by September 2027.

Over the 12 months through September 2026, typical home values in 33131 fell 1.2%, per the Zillow Home Value Index.

Will home prices drop in 33131?

Zillow's forecast does not call for a drop: it expects typical home values in 33131 to rise 0.9% 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 33131 home prices compare?

33131$591,556
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

The Miami 33131 market shows mixed signals. There are 852 homes for sale with 104 new listings arriving in September 2026, suggesting steady supply. However, the median time on market of 107 days indicates homes are taking longer to sell. The price decline of 1.2% year-over-year adds to the picture of a softening market. If you're considering selling, be prepared for a slower transaction and realistic pricing expectations.

Monthly payment

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Home price

Down payment20% · $118,311

Term

Rate (%)

Common questions

What people ask us.

What is a typical home value in 33131?

The typical home value in Miami 33131 is $591,556 as of September 2026, down 1.2% over the past year.

How many homes are currently for sale in 33131?

There are 852 homes for sale in the area as of September 2026, with 104 new listings added that month.

How long do homes take to sell in 33131?

The median days on market is 107 as of September 2026.

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Nearby ZIP markets.

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