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

Key Findings

1. The neighborhood's primary indicator, the median sold price, is 2,315,000, which anchors recent transaction value and suggests pricing is supported by closed sales rather than asking prices; representative recent sale may be a better guide for appraisals and lending comps.
2. There is a pronounced gap between the median listing price of 3,675,000 and the median sold price, which may indicate pricing friction and elevated seller expectations relative to what buyers are transacting for; pricing gap suggests sellers should consider list-price realism when targeting liquidity.
3. Market velocity is slow based on a median days on market of 439, consistent with lengthening time-to-close and implying more negotiation time per transaction; slower sales velocity may benefit buyers seeking concessions but increases holding costs for sellers.
4. Market-level context shows prices are up year-over-year while market temperature is neutral and rent trends are up, but with elevated interest rate pressure—this combination suggests cautious optimism for price appreciation amid financing headwinds; balanced but rate-sensitive

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.