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Bayside (Bayside Historic Distric) Belle Meade Little Haiti (Lemon City) Little River MiMo (Biscayne Boulevard Historic District) North Miami (North) Shorecrest Upper East Side Upper West Side (St Mary's Art District)

MIAMI, FL 33138

Real Estate Market Report  ·  Miami-Dade County
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 33138

Bayside (Bayside Historic Distric) · Belle Meade · Little Haiti (Lemon City) · Little River · MiMo (Biscayne Boulevard Historic District) · North Miami (North) · Shorecrest · Upper East Side · Upper West Side (St Mary's Art District)

Market Analysis

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

The MIAMI, FL real estate market (33138) currently shows 293 active listings, with 53 pending sales. Homes are averaging 81 days on the market before going under contract.

Inventory has tightened compared to last year, with 43 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 81 days on market compared to 63 days last year.

The median listing price has fallen 19.7% year-over-year, from $995,000 to $799,250.

Whether you are buying or selling in MIAMI, FL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 28,609  ·  Density: 2,622.1/mi²  ·  Median household income: $58,990

Typical home value: $603,613  ·  Homeownership: 48.8%

Market Overview

Active Listings
293
⇩ 12.8% vs 336 last year
Pending
53
18% pending ratio
Median Price
$799,250
⇩ 19.7% vs $995,000 last year
Average Price
$1,989,217
⇧ 8.8% vs $1,828,112 last year
Days on Market
81
⇧ 28.6% vs 63 days last year

Price Per Square Foot

Median $/sqft
$518
⇩ 6.7% vs $555/sqft last year
Median Home Size
1,520 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 293 this year vs 336 last year
  • Days on market: 81 now vs 63 last year

Median & Average Pricing

Year over Year
  • Median: $799,250 (-19.7% YoY)
  • Average: $1,989,217 (+8.8% 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 6.4 miles — 2,898 listings ($4,905,892,238 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
33138Miami, FL 331380.0 mi291$566,279,889$839,500$1,945,979
33141Miami Beach, FL 331412.3 mi720$1,247,425,200$549,222$1,732,535
33161Miami, FL 331612.8 mi260$167,174,800$546,175$642,980
33168Miami, FL 331683.3 mi117$72,270,081$581,250$617,693
33154Miami Beach, FL 331543.6 mi532$2,356,974,928$1,693,500$4,430,404
33147Miami, FL 331473.7 mi164$82,734,556$498,450$504,479
33136Miami, FL 331364.9 mi51$39,759,447$360,000$779,597
33162Miami, FL 331625.2 mi255$103,414,995$234,250$405,549
33128Miami, FL 331285.6 mi45$23,587,335$469,000$524,163
33142Miami, FL 331425.8 mi134$71,082,310$504,950$530,465
33125Miami, FL 331256.1 mi144$81,370,944$493,750$565,076
33054Opa Locka, FL 330546.2 mi122$59,082,892$485,475$484,286
33010Hialeah, FL 330106.4 mi63$34,734,861$599,250$551,347

Frequently Asked Questions

How many homes are for sale in MIAMI, FL 33138?

As of March 2026, there are 293 active listings in MIAMI, FL (zip code 33138), compared to 336 the prior year.

What is the median home price in MIAMI, FL 33138?

The median listing price in MIAMI, FL 33138 is $799,250 as of March 2026, a 19.7% decrease from $995,000 the prior year.

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

Homes in MIAMI, FL 33138 spend an average of 81 days on the market before going under contract, compared to 63 days the prior year.

Is it a seller's or buyer's market in MIAMI, FL 33138?

Based on current inventory and days-on-market data as of March 2026, MIAMI, FL 33138 is currently a Balanced Market. Inventory has tightened compared to last year, with 43 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 81 days on market compared to 63 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 33138 save an estimated $15,985 compared to a typical 5% commission on the median listing price of $799,250. 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.