Miami, FL 33157 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. The neighborhood's primary transaction indicator is the median sold price of 572,000, which—combined with a median days on market of 185—points to slower sales velocity and suggests recent transactions are taking longer to complete; this may indicate pricing friction between buyer offers and seller expectations.
2. There is a notable spread between the median listing price (825,000) and the median sold price (572,000), which highlights potential seller pricing optimism versus realized market values and may indicate down pressure on asking-price realizations as the market seeks equilibrium.
3. Market balance signals are broadly neutral: the market temperature is neutral while interest rate pressure is elevated (current 30-year fixed mortgage rate 6.34%, which is 0.25% above the 2026 year-to-date low), a combination that may cap price acceleration and contribute to measured buyer leverage in negotiations.
4. Rental fundamentals remain supportive: the median market rent is 2,620 and rent year-over-year trend is up, suggesting continued demand for SFR and condo rentals even as sales-side activity shows slower velocity; investors should consider rental stability but avoid assuming specific yield outcomes without further underwriting.

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.