Is Homestead, FL 33034 a buyer’s or seller’s market?

The Homestead housing market right now

In the three months ending August 31, 2026, 7% of homes in Homestead, FL 33034 sold above their list price, the typical home went under contract in 70 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 99 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (6% then), homes sold faster (77 days then) and the median sale price fell 3% to $382,829. Overall, Homestead is more competitive than a year ago, so tougher for buyers.

Within Miami-Dade County, homes here sell faster than in 70% of the county’s ZIP codes, and sell less often over asking than in 61%. On our competition score, Homestead ranks #536 of 796 FL ZIP codes with enough sales (score 14 out of 100).

Nearby, buyers who want less competition could look at Miami 33136 (0% sold over asking) or Miami 33128 (0% sold over asking), while Miami 33184 (26% sold over asking) and Opa Locka 33055 (24% sold over asking) are even more competitive.