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

Key Findings

1. The primary indicator of recent transactions is the median sold price of 6,197,500, which, combined with the reported down price year-over-year trend, suggests recent sold values are softening relative to last year.
2. There is a material gap between the median listing price of 15,175,000 and the median sold price of 6,197,500, which may indicate elevated seller expectations versus realized transaction prices and could create pricing friction in negotiations.
3. Slower sales velocity is evident: the median days on market is 486, consistent with the market temperature labeled neutral, and this longer time to close appears to support a more balanced rather than overheated market.
4. Local rent signals and per-unit pricing provide mixed context: the median price per square foot is 1,649 while the median market rent is 2,995; rent is trending up even as interest rate pressure is described as moderate, suggesting rental demand is strengthening while financing conditions remain a moderating factor.

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.