Miami, FL 33131 Real Estate Market Report

ZIP Code: 33131
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: This ZIP code has limited single-family residential (SFR) inventory. Metrics are based primarily on other residential property types (e.g. condos/townhomes) as a proxy, so treat SFR conclusions as directional rather than precise.

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Executive Overview

The Miami (33131) real estate market reflects a median sold price of $450,000, indicating a robust demand despite signs of a slight cooling. The neighborhood has increased up since 2023, showcasing resilience in the face of elevated interest rate pressure. The median days on market stands at 505 days, suggesting slower sales velocity, which may indicate a shift in buyer sentiment or pricing friction between seller expectations and market realities.

Inventory conditions reveal elevated levels, with median listing price at $10,000 significantly higher than the sold price, further illustrating potential pricing gaps. The market temperature remains neutral, reflecting a balance between supply and demand, though the median market rent of $2,880 indicates ongoing rental demand, which may support future price stability. Overall, while the market shows strength in sold prices, the slower transaction volume and extended days on market warrant cautious observation.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The median sold price of $450,000 indicates strong market performance despite elevated interest rate pressure.

2. With a median days on market of 505 days, the market is experiencing slower sales velocity compared to previous periods.

3. The median listing price of $10,000 suggests a significant pricing gap relative to the sold price, indicating potential pricing friction in negotiations.

4. The market temperature is neutral, suggesting a balanced environment between buyers and sellers.

5. The median market rent of $2,880 reflects ongoing demand, which may support future price stability in the Miami (33131) area.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.