Miami, FL 33143 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. median sold price: $1,772,000 is the primary indicator of realized market value and recent transaction activity; this level suggests a high-end price point for closed SFR and condo transactions in the ZIP and should be the anchor for valuation conversations. neutral market temperature contextualizes these sales as representative rather than overheated or deeply discounted.
2. There is a notable spread between median listing price: $3,250,000 and the median sold price, which may indicate pricing friction where seller expectations exceed recent transaction levels; sellers should consider anchoring offers closer to recent sold outcomes to improve sell-through. balanced but cautious
3. median days on market: 328 points to slower sales velocity versus faster-turn markets and may signal that listings need longer marketing windows or price adjustments to transact; agents should plan for extended listing campaigns and targeted buyer outreach. slower sales velocity
4. Macro and rental context: price year-over-year trend: up and rent year-over-year trend: up indicate upward pressure on both values and rents, while interest rate pressure: elevated (current rates around 6.5% versus a 6.0% earlier average) may constrain buyer purchasing power—strategies that emphasize financing options or seller concessions may help close deals in this environment. elevated interest rate pressure

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.