Market Intelligence · FL / Miami

Miami, FL 33187 Housing Market

The typical home in Miami, FL 33187 is worth $719,650, up 1.8% over the past year. The median list price sits at $897,000, with homes spending 78 days on the market as of September 2026.

Updated September 2026Median value$720K

The median home value in Miami, FL 33187 is $720K as of September 2026, up 1.8% 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 33187 range

$662K to $777K

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

+1.8% over 12 months

Sep 2025$707K

Low $707KHigh $720K

Sep 2026$720K

The numbers

What is the 33187 housing market like?

As of September 2026

Typical home value

$720K

1.8%YoY

Median list price

$897K

0.0%MoM

Days on market

18.2%MoM

Homes for sale

2.6%MoM

Price cuts

21.1%

56.5%MoM

New listings

12.5%MoM

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

The outlook

33187 housing market forecast 2027

+0.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 33187 to rise 0.8% by September 2027.

Over the 12 months through September 2026, typical home values in 33187 rose 1.8%, per the Zillow Home Value Index.

Will home prices drop in 33187?

Zillow's forecast does not call for a drop: it expects typical home values in 33187 to rise 0.8% by September 2027, after a 1.8% 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 33187 home prices compare?

33187$719,650
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 33187 ZIP code has 78 homes for sale and 14 new listings as of September 2026. The median days on market of 78 suggests a measured pace of sales activity. Nearly one in five listings, at 21.1%, carry a price cut, indicating some sellers are adjusting their expectations. While the typical home value has appreciated modestly year over year, the presence of price reductions and extended time on market suggests this is a measured seller's market where pricing strategy matters.

Monthly payment

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Home price

Down payment20% · $143,930

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Common questions

What people ask us.

What is the typical home value in 33187?

The typical home value in Miami, FL 33187 is $719,650 as of September 2026, up 1.8% over the past year.

How long do homes stay on the market in 33187?

Homes in 33187 spend a median of 78 days on the market as of September 2026.

What share of homes have price cuts in 33187?

As of September 2026, 21.1% of listings in 33187 have a price cut.

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Nearby ZIP markets.

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