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 remains the median sold price 5,272,685, which signals the representative recent sale level for SFR and condominium transactions in the area and suggests realized pricing is materially below asking expectations in some segments. pricing gap
2. There is a meaningful spread between the median listing price 11,275,000 and the median sold price 5,272,685, which appears to indicate seller expectations exceed recent transaction levels and may require realistic reductions or longer marketing to achieve sale — this pricing friction suggests caution for sellers setting aggressive list prices.
3. Slower sales velocity is suggested by the median days on market 200, which, combined with the observed pricing gap, may indicate increased negotiation time and the need for targeted marketing or price adjustments to improve liquidity; treat this as moderate market friction rather than a systemic collapse.
4. Market context shows neutral transactional balance and flat price momentum (price year-over-year trend is flat and market temperature is neutral), while financing headwinds are present with interest rate pressure elevated and mortgage comparison rates around 7.28%, which may temper buyer affordability and keep transaction activity measured; consider this an operational constraint for pricing and time-to-close strategies.

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.