Miami Beach, FL 33141 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 market-value indicator, the median sold price, is 2,272,698, which reflects recent transaction activity and suggests the neighborhood’s realized pricing around the high-mid luxury tier; given the lengthy median days on market, this level appears to be a representative recent sale rather than a rapid market clearing (stable yet measured realization).
2. There is a persistent divergence between asking and realized values: the median listing price is 2,697,500 versus the median sold price of 2,272,698, which may indicate pricing friction as sellers’ expectations remain elevated relative to completed transactions (pricing gap).
3. Market velocity appears slow: the median days on market is 416, which indicates slower sales velocity and suggests transactions are taking substantially longer to close even as price levels hold, implying buyers are selective or negotiation windows are extended.
4. Macro and rental signals provide mixed context: price year-over-year trend is flat and market temperature is neutral, while rent year-over-year trend is up and interest rate pressure is moderate, together implying a balanced market where rising rents support investment interest but higher financing costs and neutral price momentum keep transaction activity cautious (rent growth coupled with moderate rate pressure).

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.