Miami, FL 33137 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 transaction value is the median sold price, which stands at 1,592,000, signaling the representative recent sale level for SFR and condo transactions in the area; given the market temperature is neutral, this median sold price appears to reflect a broadly balanced pricing environment rather than a runaway appreciation or collapse.
2. There is a meaningful spread between the median listing price (1,775,000) and the median sold price (1,592,000), which may indicate ongoing seller pricing expectations above recently completed transactions and suggests pricing friction that could extend time-to-contract if sellers do not adjust.
3. Liquidity appears slower: the median days on market is 316, which, combined with the neutral market temperature and elevated interest rate pressure, suggests slower sales velocity and that buyers may be selective or more sensitive to financing costs.
4. Market-level signals: price year-over-year trend is up (up), rent year-over-year trend is down (down), and interest rate pressure is elevated (elevated); together these point to modest price appreciation amid weakening rental momentum and affordability headwinds from rates, so sellers should prioritize realistic pricing and buyers should account for financing sensitivity.

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.