Is Miami, FL 33126 a buyer’s or seller’s market?

The Miami housing market right now

In the three months ending August 31, 2026, 8% of homes in Miami, FL 33126 sold above their list price, the typical home went under contract in 79 days and there were 6.5 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 67 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 5%, homes sold more slowly (73 days then) and the median sale price fell 14% to $279,879. Overall, Miami is about as competitive as it was a year ago.

Within Miami-Dade County, homes here sell faster than in 54% of the county’s ZIP codes, and sell less often over asking than in 58%. On our competition score, Miami ranks #552 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.