33131
Miami, Florida
Miami 33131 needs watching.
The 33131 ZIP code in Miami, Florida has a median sale price of $620K, down -13.3% year-over-year. Homes spend an average of 134 days on market, with 1% of homes selling above list price.
Folio's PropIQ™ score of 41 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 33131.
Miami's 33131 market shows clear buyer advantage with a median sale price of $620,000, down 13.3% year-over-year as of February 2026. Homes are sitting for an average of 134 days, quadruple the typical Miami hot-market pace. Only 1% of properties sell above asking price, indicating sellers have lost pricing power entirely. This is a correction in progress, not a stabilized market finding its floor.
Patient buyers with strong financing pre-approval gain maximum leverage in this environment, particularly those willing to negotiate 10-15% below list on properties exceeding 120 days on market. Cash investors seeking rental yield over appreciation should focus on distressed seller situations where the 134-day average suggests motivated transactions. Sellers face the worst conditions: those without urgency should wait, while those requiring liquidity must price aggressively below the $620,000 median to attract the limited buyer pool.
The PropIQ score of 41 signals continued downward pressure through Q2 2026, with the year-over-year decline likely extending to 15-18% before stabilization. Monitor absorption rates and new listing velocity—if days on market pushes past 150, expect another 5-8% price compression. Institutional buyer re-entry below $550,000 median would signal the bottom, but current data shows no capitulation event yet.
What is the median home price in 33131 Miami?
The median sale price in 33131 is $620K, down -13.3% year-over-year as of 2026-02-28.
How long do homes stay on the market in Miami 33131?
Homes in 33131 Miami spend an average of 134 days on market before going under contract.
Is Miami 33131 a good place to invest in real estate?
Folio's PropIQ™ score for 33131 is 41/100 — a Caution signal. 1% of homes sold above asking.
What does a PropIQ™ score of 41 mean for 33131?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 41 = Caution in 33131 Miami, Florida.