33131 (Miami)
Housing Market & Home Values
Median sale price $627,500, down 4.8% year over year, with homes going under contract in about 96 days, 810 homes on the market.
Momentum
Your exact situation run against today's numbers: true comps, negotiation targets, and the off-market homes portals never show.
Selling instead? See what your home is worth today →
Housing Market Analyst
Inventory sits at 1.7 months of supply — tight by the 3-to-6-month balanced benchmark, and 9% of listed homes are already under contract. Prices are down 4.8% versus the prior year, but sellers are still collecting 91.3% of asking. Taken together, the data points to a broadly balanced market where preparation decides who wins.
Who has leverage right now
Leverage scores are derived from the Momentum Score (supply, demand, speed, pricing power, and trend). Right now the data favors neither side decisively.
- Prices — more likely to stabilize than fall sharply. Supply remains below balanced levels even as prices soften; without a meaningful inventory build, further declines tend to be shallow.
- Inventory — building over the tracked window; watch whether that holds through the season.
- Negotiating power — buyers gain ground as 9% of inventory sits under contract.
- Mortgage sensitivity — at 7.6× income, this market is highly sensitive to rate moves; rate relief tends to show up in demand here quickly.
Derived from current 33131 data, not a prediction or guarantee. Markets move; talk to an agent before acting on any single reading.
One inventory number hides four different markets
Months of supply = active listings ÷ monthly sales pace, bucketing communities by their recent median. 3–6 months is the balanced band.
Where 33131 is hot — and where it isn't
Each dot is a community (57 shown, sized by sales volume rank). Click any dot to open its full neighborhood guide.
The read on 33131 (Miami)
The median sale price across 33131 currently stands at $627,500, down 4.8% from a year ago. Buyers are paying a median of $624 per square foot. The typical home goes under contract in about 96 days. Sellers are capturing 91.3% of their original asking price on average.
There are 810 active listings on the market, with 63 more already under contract. At the current sales pace that works out to 1.7 months of supply — a seller-leaning market by the standard six-month benchmark. 21 homes closed here over the trailing 12 months.
Zillow's home value index for Miami-Dade County stands at $521,011. About 16% of listings county-wide have taken a price cut — a useful gauge of seller flexibility.
Weighing supply, demand, speed, pricing power, and trend together, the Momentum Score for 33131 is 46 of 100 — buyer's opportunity territory. This page recalculates every day as new MLS data lands, so the numbers above reflect the market as of October 5, 2026.
33131 since 2012 — and where it’s heading
A median home here sold for $319,871 in 2012 and $985,183 over the last recorded year — 208% appreciation across 14 years of recorded sales.
Median sale price · 2012–2026 (8,331 recorded sales)
Days on market by year
Home value trend · Miami-Dade County (Zillow ZHVI)
For-sale inventory · county (Zillow)
Daily active vs pending · Miami-Dade County (MLS)
Median price · daily recalculation
What’s driving 33131
Top inbound states: NY, CA, TX, NJ. Movers arriving report ~$127,200 average income. Source: IRS SOI county-to-county migration, 2022-2023
56,357 Citizens policies in force in Miami-Dade County — the state-backed insurer of last resort. Budget insurance into any Miami-Dade purchase before you fall in love with a house. Source: Citizens Property Insurance, Detail by County, April 2026
2,666 single-family · 13,869 multi-family · 6.2 per 1,000 residents. Future supply pressure starts here. Source: U.S. Census Bureau, Building Permits Survey, 2025
The calls we’re making from today’s data
The sharpest 1-yr median swing among tracked communities. Thin samples can exaggerate swings — verify with a comp analysis before treating it as trend.
Both sides have a case: buyers should negotiate on days-on-market, sellers should lean on the under-contract rate. Preparation, not the market, decides who wins a balanced tape.
Generated from today’s data by Momentum’s analysis engine and reviewed on a rolling basis by our broker team.
Nearby ZIP codes in Miami-Dade
| Market | Median | Active | Score | |
|---|---|---|---|---|
| 33131 ← this page | $628K | 810 | 46 | |
| 33160 | $455K | 1,312 | 39 | Open → |
| 33140 | $570K | 727 | 45 | Open → |
| 33180 | $485K | 615 | 36 | Open → |
| 33130 | $601K | 507 | 33 | Open → |
| 33139 | $800K | 495 | 35 | Open → |
Neighborhoods on the move
| EPIC WEST CONDOMiami | $1.21M | ▲ 21% |
| THE PLAZA 851 BRICKELL COMiami | $735K | ▲ 21% |
| NINE AT MARY BRICKELL VILMiami | $653K | ▲ 18% |
| BRICKELL ON THE RIVER N TMiami | $510K | ▲ 17% |
| 500 BRICKELL EAST CONDOMiami | $580K | ▲ 14% |
| 500 BRICKELL WEST CONDOMiami | $415K | ▼ 30% |
| BRICKELL KEY II CONDOMiami | $342K | ▼ 30% |
| BRICKELL KEY ONE CONDOMiami | $615K | ▼ 30% |
| ICON BRICKELL CONDO NO 3Miami | $597K | ▼ 29% |
| 1010 BRICKELL CONDOMiami | $820K | ▼ 27% |
| ICONBRICKELL CONDO NO 1Miami | $715K | 45 |
| 1300 S MIAMI AVENUE CONDOMiami | $620K | 35 |
| 801 SMA RESIDENCES CONDOMiami | $890K | 35 |
| ASTON MARTIN RESIDENCESMiami | $2.65M | 35 |
| ICON BRICKELL NO TWOMiami | $897K | 35 |
| CENTRO CONDOMiami | $339K | 36 days |
| 500 BRICKELL EAST CONDOMiami | $580K | 40 days |
| BRICKELLHOUSE CONDOMiami | $620K | 48 days |
| ICON BRICKELL CONDO NO 3Miami | $597K | 48 days |
| COSTA BELLA CONDOMiami | $528K | 52 days |
Cities in this ZIP
Most active communities
Put this data to work
The questions people actually ask
Should I buy a house in 33131 right now?
The data says conditions currently favor neither side decisively in 33131 — the Momentum Score reads 46/100 with 1.7 months of supply. For buyers that means preparation over hesitation: well-priced homes still move fast, but there is more room to negotiate than a year ago. The right timing always depends on your rate, your equity, and how long you plan to stay — not just the market.
Is 33131 becoming more affordable?
Yes, modestly — the median sale price in 33131 is $627,500, down 4.8% versus the prior year, while sellers still capture 91.3% of asking price. Softening prices plus normal-length marketing times mean affordability is improving at the margin, though financing costs matter more than list prices for most monthly payments.
Where are prices falling fastest in 33131?
Among tracked communities with enough sales to measure, the sharpest 1-year median declines are 500 BRICKELL WEST CONDO (-30%); BRICKELL KEY II CONDO (-30%); BRICKELL KEY ONE CONDO (-30%). Note that community-level medians move on small sale counts — a few high- or low-end closings can swing them — so treat these as leads for a comp analysis, not verdicts.
Which 33131 neighborhoods are most competitive?
Measured by speed of sale, the fastest-moving tracked communities right now are CENTRO CONDO (36 days); 500 BRICKELL EAST CONDO (40 days); BRICKELLHOUSE CONDO (48 days) — homes there go under contract well ahead of the market-wide pace of 96 days.
33131 (Miami) housing market FAQ
How is the housing market in 33131 right now?
As of October 5, 2026, the 33131 housing market is roughly balanced: the median sale price is $627,500 (down 4.8% year over year), 810 homes are for sale against 21 sales in the last 12 months, which is 1.7 months of supply, and the typical home goes under contract in about 96 days.
How much is a house in 33131?
The median home sold for $627,500 in 33131 over the last 12 months, about $624 per square foot; asking prices on the 810 current listings run from well below to well above that, and the community pages linked below show what each neighborhood actually sells for.
Is it a good time to sell a house in 33131?
By the numbers, sellers in 33131 are getting 91.3% of asking price and going under contract in about 96 days with 1.7 months of supply. Under four months of supply generally favors sellers; over six favors buyers. Whether it is a good time for you depends on what you paid and where you are going next, which is a conversation with an agent, not a chart.
What is the 33131 housing market forecast?
Momentum Realty publishes the recorded trend, not a prediction: 33131 median sale prices are down 4.8% year over year, inventory stands at 1.7 months of supply, and 9% of listings are under contract. The charts on this page update with every MLS refresh, so the direction shows up here before any forecast catches it.
What is the median home price in 33131?
The median sale price in 33131 is currently $627,500, down 4.8% from a year ago, based on MLS sales data updated October 5, 2026.
Is 33131 a buyer's or seller's market right now?
The data currently is roughly balanced. 33131 scores 46 of 100 on the Momentum Score, with 1.7 months of housing supply. Conditions change; this page updates daily.
How long do homes take to sell in 33131?
The typical home in 33131 goes under contract in about 96 days, per current MLS data.
How many homes are for sale in 33131?
There are approximately 810 active listings in 33131 as of October 5, 2026.
Are home prices in 33131 rising or falling?
Median sale prices are down 4.8% year over year based on a rolling comparison of MLS sales.
Momentum agents use this intelligence every day to price listings and write winning offers across 33131 (Miami). Talk through what the numbers mean for your move.
Every number on this page is computed directly from licensed Florida MLS feeds, recorded public sales, Zillow Research, and U.S. Census data — nothing is manually adjusted or estimated by hand. Medians use recorded closed sales; supply figures use live listing counts refreshed twice daily; the Momentum Score methodology is summarized .
Analyst oversight: Jon Brooks — Co-Founder, Momentum Realty · CEO, Momentum Research · Housing Market Analyst · methodology reviewed quarterly · Last data refresh: October 5, 2026 at 1:44 PM ET
Statistics on this page are computed automatically from licensed MLS feeds and public data sources (Zillow Research, U.S. Census Bureau) and summarized without manual review. Figures are estimates based on recent recorded activity, are deemed reliable but not guaranteed, and should be verified with a licensed agent before making decisions. This page does not constitute an appraisal or an automated valuation of any specific property. Momentum Realty is licensed in Florida and Georgia. Equal Housing Opportunity.