Is Miami, FL 33184 a buyer’s or seller’s market?
Miami is a buyer’s market. With about 7.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 36% of U.S. ZIP codes, and #73 of 796 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Miami housing market right now
In the three months ending August 31, 2026, 26% of homes in Miami, FL 33184 sold above their list price, the typical home went under contract in 43 days and there were 7.2 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 24 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 5%, homes sold faster (75 days then) and the median sale price held steady to $634,725. Overall, Miami is more competitive than a year ago, so tougher for buyers.
Within Miami-Dade County, homes here sell faster than in 99% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Miami ranks #73 of 796 FL ZIP codes with enough sales (score 38 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).
Run the numbers for 33184
Nearby markets
Hialeah 33010Balanced $306 /sq ftHialeah 33012Buyer’s market $336 /sq ftHialeah 33013Balanced $345 /sq ftHialeah 33014Balanced $327 /sq ft Browse all markets →Towns like Miami nearby
Find towns like Miami in other states →Where Miami is
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Questions about Miami real estate
Is Miami a buyer’s or seller’s market?
A buyer’s market: there were 7.2 months of supply in Miami, FL 33184 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Miami?
The typical home went under contract in 43 days in the latest three months.
Do homes in Miami sell over asking?
26% of homes sold above their original list price, and the typical sale closed at 97.6% of the list price.
What are property taxes in Miami?
About 0.81% of a home’s value a year in Miami-Dade County, or roughly $3,240 on a $400,000 home.
What is the median home price in Miami?
The median sale price was $634,725 in the three months ending August 31, 2026, about $332 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology