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

Key Findings

1. The primary indicator of recent market value is the median sold price 2,012,000, which represents the most reliable signal of completed transactions in the neighborhood and should drive valuation discussions rather than asking prices; representative recent sale suggests current transaction levels are the best anchor for comps.
2. There is a sizeable gap between the median listing price 2,825,000 and the median sold price 2,012,000, which may indicate pricing friction and elevated seller expectations relative to recent transaction levels; pricing gap appears to be contributing to slower movement toward contract.
3. Liquidity is slow as reflected by the median days on market 397, which points to extended time-to-contract and suggests moderate transaction velocity rather than brisk turnover; market temperature is reported as neutral, so this longer marketing period may reflect careful buyer selection rather than outright market weakness.
4. Market fundamentals show prices are trending up (price year-over-year trend: up) while rents are moving down (rent year-over-year trend: down); combined with moderate interest rate pressure, this mix suggests continued buyer caution and that condo demand may be softer even as luxury pricing remains supported by other factors.

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.