Market Intelligence · FL / Miami

Miami, FL 33187 Housing Market

The typical home in Miami, FL 33187 is worth $717,715, up 1.3% over the past year as of 2026-08-01. The median list price is $897,000, and homes are spending a median of 66 days on the market.

Updated August 2026Median value$718K

The median home value in Miami, FL 33187 is $718K as of August 2026, up 1.3% 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 33187 range

$660K to $775K

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

+1.3% over 12 months

Typical home value in 33187 over the last 12 months: $708K in Aug 2025 to $718K in Aug 2026 (+1.3%).

Aug 2025$708K

Aug 2026$718K

The numbers

What is the 33187 housing market like?

Typical home value

$718K

Up1.3%YoY

Median list price

$897K

Down0.2%MoM

Days on market

66

Up8.2%MoM

Homes for sale

76

Down7.3%MoM

Price cuts

13.5%

Up5.3%MoM

New listings

16

Down20.0%MoM

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

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The comparison

How do 33187 home prices compare?

  • 33187$717,715
  • Miami$565,977
  • Florida$345,153
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Miami: 55 ZIPs; Florida: 923 ZIPs; United States: 26,265 ZIPs).

Context

There are 76 homes for sale in 33187 as of 2026-08-01, with 16 new listings hitting the market. The median list price of $897,000 sits well above the typical home value of $717,715, which suggests sellers are aiming high relative to what most homes in the ZIP are actually worth. With a median of 66 days on market, homes are taking a couple of months to find a buyer, and 13.5% of listings have already taken a price cut. Values are still climbing, up 1.3% over the past year, but only modestly. For a seller, the honest read is that pricing realistically from the start matters more than testing the market high.

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