Miami, FL 33143 Real Estate Market Report

ZIP Code: 33143
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

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Market Metrics

Note: 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.

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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.

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Property Taxes

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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.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The primary indicator of recent market value is the median sold price of $1,999,500, which reflects actual transaction activity and aligns with a year-over-year price trend that is up.

2. There is a pronounced spread between seller expectations and realized transactions: the median listing price is $2,940,060 while the median sold price is $1,999,500, which may indicate pricing friction and necessitates realistic list-price positioning.

3. Liquidity appears muted with a median days on market of 335, suggesting slower sales velocity and that transaction timing should be planned conservatively; the broader market temperature is neutral, which supports a balanced negotiation environment.

4. Rental context is softening: the median market rent is $2,200 and the rent year-over-year trend is down, while interest rate pressure is elevated, both of which may compress investor yield expectations and affect buyer financing dynamics.

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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.

Miami, FL 33143 Real Estate Market Report

ZIP Code: 33143
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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.

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Market Metrics

Note: 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.

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Rental Market

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Property Taxes

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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.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The primary indicator of recent market value is the median sold price of 322,450, which anchors pricing expectations for comparable SFR and condominium transactions in the neighborhood; price trends are up year‑over‑year, supporting modest appreciation.

2. There is a notable spread between the median listing price of 285,000 and the median sold price, which may indicate pricing friction or sellers testing the market rather than alignment with realized transaction levels; this gap suggests caution in seller pricing.

3. Liquidity is slow by conventional measures given the median days on market of 407, which points to longer selling timelines and suggests slower sales velocity even as transactions continue to occur.

4. Market context signals are mixed: the market temperature is described as neutral, rent trends show the median market rent at 2,050 with rents trending down, and there is elevated interest rate pressure—together these factors imply balanced but fragile conditions where elevated financing costs may constrain some buyer segments.

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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.