Miami, FL 33131 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 market value indicator is the median sold price $2,083,000, which reflects recent transaction activity and suggests that recent closings are concentrated at this price point; market temperature is neutral, so this sold-price level should be treated as a representative recent sale rather than a sign of accelerating appreciation.
2. Extended listing durations are notable: the median days on market 513 indicates slower sales velocity and greater time to contract, which may allow buyers more negotiation leverage and suggests downward price pressure is possible given the price year-over-year trend.
3. There is a meaningful divergence between asking and closing indicators — the median listing price $820,000 sits well below the median sold price in the sample, which may indicate a heterogeneous product mix or pricing friction between seller expectations and completed transactions; together with elevated inventory levels, this appears to create room for price adjustments.
4. Macro and rental context matters for deal timing: interest rate pressure elevated is adding cost sensitivity for buyers while the median market rent $4,000 and a rent YoY trend up suggest rental demand remains supportive for investors considering buy-to-rent strategies, even as transaction pace slows.

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.