In August 2026, the median home sale price in Miami (33131), FL was $675,000, with homes selling in an average of 124 days — slower than the 102-day average last year, suggesting buyers have more negotiating room. A total of 581 homes sold in this period, down from 606 last year.
The median list price of condos/co-ops in Miami (33131), FL, was $775,000 in August 2026, compared to $699,000 in August 2025.
Miami (33131), FL Market Trend for Lots/Land
Median List Price
The median list price of lots/land in Miami (33131), FL, was $300,000 in August 2026, compared to $0 in August 2025.
Miami (33131), FL Market Trend for Commercial
Median List Price
The median list price of commercial in Miami (33131), FL, was $883,200 in August 2026, compared to $1,398,000 in August 2025.
Miami (33131), FL Housing Market Analysis
There are currently 832 homes listed for sale in Miami (33131), FL, an increase of 138.40% compared to 2025. With more homes on the market than are selling each month, buyers may find more options and room to negotiate. The median asking price is $1,476,859 (up 8.17% year-over-year), and the average price per square foot is $739 compared to $694 in 2025. Properties spend an average of 190 days on the market before going under contract.
