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Sarah Mitchell
Compass Real Estate · ZIP 33031
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33031 ZIP Code Housing Market
$1.10Mmedian sale price
What is the 33031 housing market like right now?
The median home sale price in ZIP code 33031 is $1.10M, up 28.3% year-over-year. Homes sell in an average of 149 days with 52 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 33031 ZIP code a buyer's or seller's market?
ZIP code 33031 is currently a buyer's market and homes selling in about 149 days. How we determine this →
What are the latest 33031 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $1.10M |
| Median list price | $990,000 |
| Year-over-year price change | +28.3% |
| Average days on market | 149 days |
| Active inventory | 52 listings |
| Sale-to-list price ratio | 95.4% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
The 33031 zip code, located in Leisure City, FL, is currently classified as a buyer's market. The median sale price stands at $1.10M, representing a +28.3% change year over year. Homes in this area spend an average of 149 days on the market before going under contract. There are currently 52 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 33031 sits in the Leisure City, FL area, roughly 4.6 miles from downtown Leisure City. Because home prices are set street by street, this ZIP can move differently from Leisure City's citywide averages. The figures below reflect 33031 specifically — drawn from Redfin transactions, U.S. Census data for its 7,323 residents, and Zillow value estimates.
Homes sold
23
Last 12 weeks
Days on market
149
Average pace
Active listings
52
Sale-to-list
95.4%
Below asking
What is driving the 33031 housing market?
The 33031 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a buyer's market, homes are selling at approximately 95.4% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 33031 have increased +28.3% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 33031 stands at $913,244, which represents Zillow's estimate of the typical home value in the area. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 33031?
Population
7,323
Median income
$109,945/yr
Median age
42.1 years
Owner-occupied
87.0%
College grads
18.4%
Avg commute
37.92 min
What is it like living in 33031?
Zip code 33031 is home to approximately 7,323 residents. The median household income is $109,945 per year, which shapes the types of homes and amenities available in the area. With a median age of 42.1 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 87.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 18.4% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 37.92 minutes, which is above the national average and may reflect a suburban or exurban setting where residents trade commute time for more affordable housing or larger lots. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 33031.
Which public schools serve ZIP 33031?
2 schools tracked · 1,628 students
The largest public schools serving ZIP code 33031 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
REDLAND ELEMENTARY SCHOOL
Grades PK-5 · 936 students
REDLAND MIDDLE SCHOOL
Grades 6-8 · 692 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 33031
What is the median home price in 33031?
The current median sale price in 33031 is $1.10M, based on recent Redfin transaction data. Prices have changed +28.3% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 33031 a buyer's or seller's market?
The 33031 zip code is currently classified as a buyer's market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 33031?
Zip code 33031 has a population of approximately 7,323 residents. The median household income is $109,945 per year. About 87.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 33031?
Properties Incorporated provides comprehensive data for 33031 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 33031 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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