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 market-value signal is the 2,159,370 median sold price, which indicates recent transaction-level pricing for SFR and condo inventory and should be treated as the representative recent sale benchmark rather than asking-price expectations.
2. There is a notable gap between the 5,499,000 median listing price and the 2,159,370 median sold price, which may indicate pricing friction with sellers holding higher aspirations while actual closed transactions anchor near the lower figure; flat price trend (price year-over-year trend: flat) suggests these listing–sale differentials have not produced broad upward movement.
3. Liquidity appears muted given the 273 median days on market, which suggests slower sales velocity and extended marketing periods for properties; combined with the reported sample inventory context, this may indicate elevated interest rate pressure (interest rate pressure: elevated) is weighing on transaction speed.
4. Market fundamentals show rent strength alongside stable prices: the 2,800 median market rent is rising (up for rent year-over-year trend), while marketTemperature remains neutral, indicating a balanced allocation between buyers and sellers despite elevated financing costs (property rate comparison notes 6.7% versus 6.4%).

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.