Miami, FL 33133 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 neighborhood's primary market indicator is the median sold price, which is 1,850,000, and it indicates the representative recent sale level — there is a notable spread between the median listing price (2,475,000) and the median sold price that suggests pricing friction and selective seller expectations relative to transaction outcomes.
2. Liquidity appears muted: the median days on market is 138, which points to slower sales velocity and suggests moderate transaction volume rather than rapid turnover in this cycle; the market temperature is reported as neutral, consistent with a balanced rather than one-sided market.
3. Pricing density and rental context show a premium market: the median price per square foot is 874 while the median market rent is 3,400, and rent year-over-year trend is reported as flat, implying limited near-term upside from rents even as prices remain elevated; price year-over-year trend is up.
4. Financing headwinds are present: interest rate pressure is labeled as elevated with current 30-year fixed mortgage rates approximately 6.7% versus a 6.5% average earlier in 2026, a dynamic that may disproportionately constrain mid-market affordability while leaving the ultra-luxury segment relatively insulated.

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.