Is Miami, FL 33142 a buyer’s or seller’s market?

The Miami housing market right now

In the three months ending August 31, 2026, 19% of homes in Miami, FL 33142 sold above their list price, the typical home went under contract in 72 days and there were 6.7 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 77 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 9%, homes sold about as fast and the median sale price fell 4% to $479,792. Overall, Miami is more competitive than a year ago, so tougher for buyers.

Within Miami-Dade County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in 95%. On our competition score, Miami ranks #299 of 796 FL ZIP codes with enough sales (score 24 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.