Miami Beach, FL 33140 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 is the recent median sold price of $4,426,500, which represents the most reliable signal of realized transactions in the ZIP; this level suggests high-end transaction activity even as other metrics show mixed liquidity (contextual).
2. There is a marked gap between the median listing price of $2,100,000 and the median sold price of $4,426,500, which may indicate pricing dispersion between asking expectations and closed transactions and could create pricing friction for sellers aligning to market-tested values.
3. Extended time-to-contract behavior is evident: the median days on market is 321, which points to slower sales velocity and suggests sellers may need to adjust terms or pricing to accelerate closings; this is particularly relevant for condominium owners facing structural inspection pressures.
4. Market temperature is reported as neutral while interest rate pressure is elevated (current 30-year fixed around 7.1% vs. ~6.0% earlier in the year), a combination that suggests a balanced listing environment but with financial headwinds for rate-sensitive buyers and a potential preference for previously financed owners with lower rates.

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.