Miami Beach, FL 33139 Real Estate Market Report

ZIP Code: 33139
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Miami Beach, FL (ZIP: 33139) is characterized by a median sold price of $4,634,000, reflecting a significant indicator of market activity. The market appears to be in a normalization phase, with median days on market extending to 226 days, suggesting a slower sales velocity and a shift toward a more balanced environment. While the median listing price stands at $13,800,000, the gap between listing and sold prices may indicate seller expectations that are not fully aligned with current market realities, contributing to elevated inventory levels relative to sales activity.

The current market conditions are influenced by moderate interest rate pressure, with 30-year fixed mortgage rates averaging between 5.8% and 6.28%. This is lower than the anticipated 6.5% average by the end of 2026, which may provide some support for buyers despite ongoing affordability concerns. The overall market temperature is considered neutral, indicating a balance between supply and demand, but with signs of excess supply relative to sales activity, the market may face challenges in maintaining upward price momentum.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Miami Beach market average around 5.8% to 6.28% in February 2026, which is lower than the 6.5% average predicted for the end of 2026, suggesting current owners locked in a favorable rate.

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

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Key Findings

1. The median sold price of $4,634,000 indicates a strong market presence despite signs of softening in overall pricing dynamics.

2. With median days on market at 226, the market is experiencing slower sales velocity, suggesting that buyers are taking more time to make decisions.

3. The median listing price of $13,800,000 shows a significant gap compared to sold prices, indicating potential pricing friction in the market.

4. Current median market rent is $4,490, which may reflect stable rental conditions amidst a shifting sales landscape.

5. The market temperature is deemed neutral, suggesting a balance between supply and demand, yet with elevated inventory levels relative to sales activity.

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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.