Market Intelligence · FL / Miami

Miami, FL 33132 Housing Market

Homes in Miami's 33132 ZIP code are valued at $519,589 on average, down 1.2% over the past year. The median list price sits at $627,225, and homes are taking 95 days to sell.

Updated September 2026Median value$520K

The median home value in Miami, FL 33132 is $520K 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 33132 range

$478K to $561K

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$526K

Low $516KHigh $526K

Sep 2026$520K

The numbers

What is the 33132 housing market like?

As of September 2026

Typical home value

$520K

1.2%YoY

Median list price

$627K

1.2%MoM

Days on market

4.0%MoM

Homes for sale

823

7.0%MoM

Price cuts

9.7%

17.8%MoM

New listings

114

13.6%MoM

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

The outlook

33132 housing market forecast 2027

+0.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 33132 to rise 0.7% by September 2027.

Over the 12 months through September 2026, typical home values in 33132 fell 1.2%, per the Zillow Home Value Index.

Will home prices drop in 33132?

Zillow's forecast does not call for a drop: it expects typical home values in 33132 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 33132 home prices compare?

33132$519,589
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 33132 market shows modest supply with 823 homes for sale as of September 2026 and 114 new listings coming on. Homes remain on the market for a median of 95 days, which is longer than a quick turnover. The median list price of $627,225 stands notably above the typical home value of $519,589, reflecting the range of properties available. With 9.7% of listings carrying a price cut, sellers should expect to price competitively and be ready to negotiate.

Monthly payment

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Home price

Down payment20% · $103,918

Term

Rate (%)

Common questions

What people ask us.

What is the typical home value in 33132?

The typical home value is $519,589 as of September 2026, down 1.2% from the year prior.

How many homes are for sale in 33132?

There are 823 homes for sale as of September 2026, with 114 new listings in that month.

How long do homes take to sell in 33132?

The median time on market is 95 days as of September 2026.

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