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Brickell (Manhattan-of-the-South) Brickell Key Downtown Mary Brickell Village Miami Central Business District (Central Business District) Miami Financial District (Financial District) Miami Government District (Government Center) Miami Jewelry District (Jewelry District) Miami River Miami Riverwalk Upper Brickell

MIAMI, FL 33131

Real Estate Market Report
Seller's Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 33131

Brickell (Manhattan-of-the-South) · Brickell Key · Downtown · Mary Brickell Village · Miami Central Business District (Central Business District) · Miami Financial District (Financial District) · Miami Government District (Government Center) · Miami Jewelry District (Jewelry District) · Miami River · Miami Riverwalk · Upper Brickell

Market Analysis

Data as of September 2026. Source: Realtor.com.

The MIAMI, FL real estate market (33131) currently shows 910 active listings, with 62 pending sales. Homes are averaging 107 days on the market before going under contract.

Inventory has tightened compared to last year, with 82 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 107 days on market compared to 116 days last year.

The median listing price has fallen 2.7% year-over-year, from $792,500 to $771,250.

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Market Context

Market Context

Population: 22,540  ·  Density: 17,365.6/mi²  ·  Median household income: $121,730

Typical home value: $599,257  ·  Homeownership: 32.9%

Market Overview

Active Listings
910
⇩ 8.3% vs 992 last year
Pending
62
7% pending ratio
Median Price
$771,250
⇩ 2.7% vs $792,500 last year
Average Price
$1,621,132
⇩ 4.6% vs $1,699,567 last year
Days on Market
107
⇩ 7.8% vs 116 days last year

Price Per Square Foot

Median $/sqft
$743
⇩ 2% vs $758/sqft last year
Median Home Size
1,127 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 910 this year vs 992 last year
  • Days on market: 107 now vs 116 last year

Median & Average Pricing

Year over Year
  • Median: $771,250 (-2.7% YoY)
  • Average: $1,621,132 (-4.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 7.6 miles — 5,158 listings ($10,556,915,637 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
33131Miami, FL 331310.0 mi955$1,624,185,690$810,000$1,700,718
33130Miami, FL 331301.2 mi569$540,560,811$649,675$950,019
33128Miami, FL 331281.5 mi45$23,587,335$469,000$524,163
33139Miami Beach, FL 331392.6 mi1,370$3,626,700,990$549,000$2,647,227
33149Key Biscayne, FL 331493.1 mi184$879,905,664$2,197,500$4,782,096
33145Miami, FL 331453.2 mi165$162,067,950$850,000$982,230
33137Miami, FL 331373.6 mi702$1,153,078,524$844,475$1,642,562
33133Miami, FL 331334.4 mi427$1,547,103,411$1,999,000$3,623,193
33142Miami, FL 331425.3 mi134$71,082,310$504,950$530,465
33138Miami, FL 331386.2 mi291$566,279,889$839,500$1,945,979
33146Miami, FL 331466.3 mi89$244,893,646$1,809,475$2,751,614
33147Miami, FL 331476.9 mi164$82,734,556$498,450$504,479
33010Hialeah, FL 330107.6 mi63$34,734,861$599,250$551,347

Frequently Asked Questions

How many homes are for sale in MIAMI, FL 33131?

As of September 2026, there are 910 active listings in MIAMI, FL (zip code 33131), compared to 992 the prior year.

What is the median home price in MIAMI, FL 33131?

The median listing price in MIAMI, FL 33131 is $771,250 as of September 2026, a 2.7% decrease from $792,500 the prior year.

How long do homes stay on the market in MIAMI, FL?

Homes in MIAMI, FL 33131 spend an average of 107 days on the market before going under contract, compared to 116 days the prior year.

Is it a seller's or buyer's market in MIAMI, FL 33131?

Based on current inventory and days-on-market data as of September 2026, MIAMI, FL 33131 is currently a Seller's Market. Inventory has tightened compared to last year, with 82 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 107 days on market compared to 116 days last year.

How much can I save on real estate commission in MIAMI, FL?

With SELL123.com's maximum 3% commission, sellers in MIAMI, FL 33131 save an estimated $15,425 compared to a typical 5% commission on the median listing price of $771,250. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.