Miami, FL 33133 Real Estate Market Report

ZIP Code: 33133
Report Date: May 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

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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 33133 area are approximately 6.38%, which is slightly lower than the 2026 annual average of 6.40%.

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. 2,083,000 is the primary indicator of recent market value—this median sold price points to stable-to-slight appreciation in realized transactions and suggests pricing expectations are aligning with executed deals; price growth is positive given the year-over-year trend is up.

2. There is a meaningful spread between the median listing price of 2,250,000 and the median sold price of 2,083,000, which may indicate pricing friction where some sellers' asking prices exceed what buyers are paying; pricing negotiation pressure appears present for higher-priced listings.

3. Market velocity is slow relative to urban norms as evidenced by a median days on market of 375, which suggests slower transaction volume and longer marketing periods for properties before sale rather than immediate turnover.

4. Value metrics show a median price per square foot of 925 and a median market rent of 3,500, reinforcing a high-price per-unit-footprint market where rental rates are trending up; rental demand remains supportive alongside moderate interest rate pressure (current 30-year fixed mortgage rates in the area are approximately 6.38%, slightly lower than the 2026 annual average of 6.40%).

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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, FL 33133 Real Estate Market Report

ZIP Code: 33133
Report Date: May 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

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 33133 area are approximately 6.38%, which is slightly lower than the 2026 annual average of 6.40%.

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 primary market value indicator is the median sold price of $1,226,500, which represents the most reliable signal of recent transaction activity and suggests current market value should be anchored to closed deals rather than asking prices; use sold prices for valuation.

2. There is a notable gap between the median listing price of $1,489,000 and the median sold price of $1,226,500, which may indicate pricing friction where seller expectations exceed recent transaction levels and may require price adjustment to achieve quicker closings.

3. The median days on market at 562 points to slower sales velocity and extended time-to-contract; this slower liquidity profile may pressure sellers to be more competitive on price or terms to expedite transactions.

4. Market context is broadly balanced: price year-over-year trend is up while market temperature is neutral, rent year-over-year trend is up, and interest rate pressure is moderate; local mortgage pricing at 6.38% is slightly lower than the 2026 annual average of 6.40%, which supports stable financing conditions and can sustain demand for well-priced SFR and condominium offerings.

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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.