Miami Beach, FL 33140 Real Estate Market Report

ZIP Code: 33140
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

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Market Metrics

Note: 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.

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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.

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Property Taxes

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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.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The primary market indicator is the median sold price of $2,900,000, which represents realized transaction value and should be treated as the most reliable signal of neighborhood pricing compared with asking prices.

2. There is a sizeable gap between median listing price of $3,925,000 and the median sold price of $2,900,000, which suggests pricing friction and that seller expectations may exceed recent transaction levels; market participants should price competitively to avoid extended time to sale (slower sales velocity).

3. Long-term selling cadence is muted: the median days on market of 397 indicates a slower sales velocity and suggests that properties may require more marketing or price adjustment to transact in current conditions (neutral market temperature).

4. Market-level momentum shows a mixed but constructive backdrop: the price year-over-year trend is up and rent year-over-year trend is up, while interest rate pressure is elevated—combine pricing strength at the top end with cautious underwriting and shorter-term sensitivity to financing costs (elevated interest rate pressure).

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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.

Miami Beach, FL 33140 Real Estate Market Report

ZIP Code: 33140
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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.

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Market Metrics

Note: 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.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The market value anchor is the median sold price: $650,000, which indicates recent transaction-level pricing and suggests a mid-to-high price point for SFR and condo product in the ZIP; given the long median days on market of 416, this representative recent sale appears alongside slower sales velocity and may indicate pricing friction in some segments.

2. The median sold price: $650,000 sits slightly below the median listing price: $659,500, which suggests seller expectations are close to realized transaction prices and may indicate modest downward pressure on ask-to-sale spreads; with a up price year-over-year trend, selective segments—particularly higher-end listings—are supporting price resilience.

3. Liquidity characterization: the sample shows elevated inventory relative to sales activity, which, together with the lengthy median days on market: 416, suggests moderate transaction volume and slower turnover; this may favor buyers able to wait for negotiated concessions, while sellers should price competitively to avoid extended marketing periods.

4. Rental and finance context: median market rent: $3,800 is rising (up rent year-over-year trend), supporting landlord economics for well-located condos, but elevated interest rate pressure increases carrying costs for buyers and could temper near-term demand despite a neutral overall market temperature (neutral), so pricing and financing strategy should account for higher borrowing costs.

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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.