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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
Balanced Market
February 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 February 2026. Source: Realtor.com.

The MIAMI, FL real estate market (33131) currently shows 955 active listings, with 64 pending sales. Homes are averaging 102 days on the market before going under contract.

Inventory has tightened compared to last year, with 52 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 102 days on market compared to 87 days last year.

The median listing price has risen 1.9% year-over-year, from $795,000 to $810,000.

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

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

Market Overview

Active Listings
955
⇩ 5.2% vs 1,007 last year
Pending
64
7% pending ratio
Median Price
$810,000
⇧ 1.9% vs $795,000 last year
Average Price
$1,700,718
⇩ 2.9% vs $1,751,305 last year
Days on Market
102
⇧ 17.2% vs 87 days last year

Price Per Square Foot

Median $/sqft
$771
⇩ 1.4% vs $782/sqft last year
Median Home Size
1,136 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 955 this year vs 1,007 last year
  • Days on market: 102 now vs 87 last year

Median & Average Pricing

Year over Year
  • Median: $810,000 (+1.9% YoY)
  • Average: $1,700,718 (-2.9% 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 — 5,023 listings ($10,246,174,463 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
33131Miami, FL 331310.0 mi937$1,619,208,149$850,000$1,728,077
33130Miami, FL 331301.2 mi553$558,858,482$650,000$1,010,594
33128Miami, FL 331281.5 mi28$14,293,468$399,000$510,481
33139Miami Beach, FL 331392.6 mi1,368$3,447,187,632$529,500$2,519,874
33149Key Biscayne, FL 331493.1 mi185$903,210,515$2,175,000$4,882,219
33145Miami, FL 331453.2 mi162$163,434,834$856,350$1,008,857
33137Miami, FL 331373.6 mi684$1,119,251,088$850,000$1,636,332
33133Miami, FL 331334.4 mi411$1,521,364,587$1,999,000$3,701,617
33142Miami, FL 331425.3 mi131$68,493,088$499,250$522,848
33138Miami, FL 331386.2 mi276$500,893,908$857,450$1,814,833
33146Miami, FL 331466.3 mi74$218,846,490$1,995,000$2,957,385
33147Miami, FL 331476.9 mi158$78,944,542$499,000$499,649
33010Hialeah, FL 330107.6 mi56$32,187,680$575,000$574,780

Frequently Asked Questions

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

As of February 2026, there are 955 active listings in MIAMI, FL (zip code 33131), compared to 1007 the prior year.

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

The median listing price in MIAMI, FL 33131 is $810,000 as of February 2026, a 1.9% increase from $795,000 the prior year.

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

Homes in MIAMI, FL 33131 spend an average of 102 days on the market before going under contract, compared to 87 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 February 2026, MIAMI, FL 33131 is currently a Balanced Market. Inventory has tightened compared to last year, with 52 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 102 days on market compared to 87 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 $16,200 compared to a typical 5% commission on the median listing price of $810,000. 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.