Market Intelligence · FL / Miami

Miami, FL 33161 Housing Market

Typical home value in Miami, FL 33161 stands at $493,058, up 3.9% over the past year. The median list price is $568,500, with homes spending a median of 85 days on market as of September 2026.

Updated September 2026Median value$493K

The median home value in Miami, FL 33161 is $493K as of September 2026, up 3.9% 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 33161 range

$454K to $533K

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

+3.9% over 12 months

Sep 2025$474K

Low $474KHigh $493K

Sep 2026$493K

The numbers

What is the 33161 housing market like?

As of September 2026

Typical home value

$493K

3.9%YoY

Median list price

$569K

3.4%MoM

Days on market

3.4%MoM

Homes for sale

206

1.4%MoM

Price cuts

16.3%

34.4%MoM

New listings

12.5%MoM

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

The outlook

33161 housing market forecast 2027

+0.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 33161 to rise 0.7% by September 2027.

Over the 12 months through September 2026, typical home values in 33161 rose 3.9%, per the Zillow Home Value Index.

Will home prices drop in 33161?

Zillow's forecast does not call for a drop: it expects typical home values in 33161 to rise 0.7% by September 2027, after a 3.9% 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 33161 home prices compare?

33161$493,058
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 ZIP has 206 homes for sale with 42 new listings as of September 2026. At a median of 85 days on market, homes are taking time to move. The gap between typical home value at $493,058 and median list price of $568,500 suggests sellers are pricing above current market conditions. About 16.3% of listings have seen a price cut, which indicates some adjustment in the market. Sellers should expect a patient marketing period before finding the right buyer.

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Down payment20% · $98,612

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Common questions

What people ask us.

What is the typical home value in 33161?

The typical home value in Miami, FL 33161 is $493,058, up 3.9% over the past year.

How long do homes stay on the market in 33161?

As of September 2026, the median days on market is 85.

What is the current list price range in 33161?

The median list price as of September 2026 is $568,500, with 206 homes currently for sale.

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