Is Miami, FL 33138 a buyer’s or seller’s market?

The Miami housing market right now

In the three months ending August 31, 2026, 6% of homes in Miami, FL 33138 sold above their list price, the typical home went under contract in 103 days and there were 6.6 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 109 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (4% then), homes sold about as fast and the median sale price rose 17% to $987,323. Overall, Miami is about as competitive as it was a year ago.

Within Miami-Dade County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell less often over asking than in 71%. On our competition score, Miami ranks #720 of 796 FL ZIP codes with enough sales (score 6 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.