Is Miami, FL 33176 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 33176 sold above their list price, the typical home went under contract in 56 days and there were 3.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 129 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 6%, homes sold faster (65 days then) and the median sale price rose 22% to $729,684. Overall, Miami is more competitive than a year ago, so tougher for buyers.

Within Miami-Dade County, homes here sell faster than in 92% of the county’s ZIP codes, and sell less often over asking than in 54%. On our competition score, Miami ranks #371 of 796 FL ZIP codes with enough sales (score 21 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.