Miami, FL 33133 Real Estate Market Report

ZIP Code: 33133
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Miami, FL (ZIP: 33133) reflects a median sold price of $1,999,900, indicating a robust market despite a price year-over-year trend that is reported as up. This upward movement in sold prices suggests a continued demand for properties, particularly in the luxury segment, which remains strong due to significant cash transactions. However, the market is experiencing a slower sales velocity, with properties spending an average of 324 days on the market, indicating potential pricing friction and a need for sellers to adjust expectations to align with current buyer sentiment.

The inventory context shows elevated inventory levels relative to sales activity, suggesting a shift towards a more balanced market. While the median listing price stands at $3,200,000, the significant gap between listing and sold prices may indicate that sellers are optimistic, but buyers are more cautious. This dynamic may lead to a recalibration of expectations as the market continues to evolve under moderate interest rate pressure, currently reflected in the 30-year fixed mortgage rates being around 5.8%, lower than the previous year's average of 6.87%.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Miami market around 5.8% are notably lower than the 6.87% average seen one year ago in February 2025.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $1,999,900 indicates strong market performance despite slower sales velocity.

2. Properties are spending an average of 324 days on the market, reflecting slower sales velocity and potential pricing friction.

3. The median listing price of $3,200,000 shows a significant gap compared to sold prices, suggesting caution among buyers.

4. Elevated inventory levels suggest a shift towards a more balanced market, with neutral market temperature observed.

5. The median market rent of $2,750 is also trending up, indicating a growing rental demand.

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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.