Market Intelligence · FL / Miami

Miami, FL 33196 Housing Market

The typical home value in Miami, FL 33196 is $573,449, up 0.5% over the past year. As of September 2026, the median list price sits at $634,275, with homes taking a median of 62 days to sell.

Updated September 2026Median value$573K

The median home value in Miami, FL 33196 is $573K as of September 2026, up 0.5% 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 33196 range

$528K to $619K

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

+0.5% over 12 months

Sep 2025$571K

Low $570KHigh $573K

Sep 2026$573K

The numbers

What is the 33196 housing market like?

As of September 2026

Typical home value

$573K

0.5%YoY

Median list price

$634K

0.9%MoM

Days on market

12.7%MoM

Homes for sale

165

2.5%MoM

Price cuts

10.8%

32.7%MoM

New listings

7.7%MoM

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

The outlook

33196 housing market forecast 2027

+0.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 33196 to rise 0.8% by September 2027.

Over the 12 months through September 2026, typical home values in 33196 rose 0.5%, per the Zillow Home Value Index.

Will home prices drop in 33196?

Zillow's forecast does not call for a drop: it expects typical home values in 33196 to rise 0.8% by September 2027, after a 0.5% 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 33196 home prices compare?

33196$573,449
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 33196 ZIP has 165 homes for sale as of September 2026, with 48 new listings added that month. The median days on market of 62 suggests a moderate pace, neither brisk nor stalled. About 10.8% of listings have seen a price cut, a sign that some sellers are adjusting to market conditions. The gap between typical home value and median list price reflects the range of properties available. For a seller, current conditions reward realistic pricing and well-maintained homes.

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Home price

Down payment20% · $114,690

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Common questions

What people ask us.

What is the typical home value in 33196?

The typical home value is $573,449 as of September 2026, having increased 0.5% over the past year.

How many homes are currently for sale in 33196?

There are 165 homes for sale as of September 2026, with 48 new listings that month.

How long do homes typically stay on the market in 33196?

The median days on market is 62 as of September 2026.

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