Market Intelligence · FL / Miami

Miami, FL 33138 Housing Market

Miami 33138 has a typical home value of $808,723, up 7.2% over the past year. The median list price stands at $792,000, with homes staying on the market for a median of 100 days as of September 2026.

Updated September 2026Median value$809K

The median home value in Miami, FL 33138 is $809K as of September 2026, up 7.2% 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 33138 range

$744K to $873K

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

+7.2% over 12 months

Sep 2025$754K

Low $754KHigh $809K

Sep 2026$809K

The numbers

What is the 33138 housing market like?

As of September 2026

Typical home value

$809K

7.2%YoY

Median list price

$792K

7.4%MoM

Days on market

100

11.1%MoM

Homes for sale

222

0.9%MoM

Price cuts

12.8%

3.3%MoM

New listings

12.5%MoM

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

The outlook

33138 housing market forecast 2027

+1.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 33138 to rise 1.1% by September 2027.

Over the 12 months through September 2026, typical home values in 33138 rose 7.2%, per the Zillow Home Value Index.

Will home prices drop in 33138?

Zillow's forecast does not call for a drop: it expects typical home values in 33138 to rise 1.1% by September 2027, after a 7.2% rise 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 33138 home prices compare?

33138$808,723
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 neighborhood has 222 homes for sale and 36 new listings as of September 2026. While the year-over-year appreciation of 7.2% shows underlying strength, the median time on market of 100 days signals that homes are taking longer to move. About 12.8% of listings have seen a price cut, suggesting some sellers are testing their asking prices. For homeowners considering a sale, the combination of steady value growth and extended market time means you should be realistic about timing and pricing from the start.

Monthly payment

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Home price

Down payment20% · $161,745

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Common questions

What people ask us.

What is the typical home value in Miami 33138?

The typical home value is $808,723, which represents a 7.2% increase over the past year as of September 2026.

How many homes are currently for sale in this ZIP?

There are 222 homes for sale with 36 new listings as of September 2026.

How long do homes typically stay on the market here?

The median days on market is 100 as of September 2026.

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