Miami Beach, FL 33139 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 primary indicator of market value and recent transaction activity is the 10,595,000 median sold price, which points to resilient high-end transaction levels even as other signals show cooling.
2. There is a notable pricing gap between the 14,900,000 median listing price and the median sold price, which may indicate seller price expectations outpacing realized transaction values and suggests pricing friction in negotiations.
3. Extended time-to-contract is evident from the 291 median days on market, which reflects slower sales velocity and increased negotiating leverage for buyers; this appears consistent with observed cold market conditions.
4. Market context shows a 1,380 median price per square foot alongside a flat price trend and flat rent trend; combined with elevated interest rate pressure and a reported cold market temperature, this suggests cautious buyer behavior and selective demand concentrated at the luxury single-family tier.

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.