Miami, FL 33137 Real Estate Market Report

ZIP Code: 33137
Report Date: May 2026
Market Temperature: COLD
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

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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Miami 33137 market average 6.35%, reflecting the prevailing interest rate environment for property owners in this area.

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 indicator is median sold price: 1,746,000, which represents the most reliable signal of realized value and recent transaction activity; this figure appears notably above the median listing price: 1,490,000, suggesting a disconnect between asking expectations and completed sales that may indicate pricing friction.

2. Pricing density and rental context point to strong rent support: median price per square foot: 883 alongside median market rent: 4,200, while rent trends are up, signaling continued landlord-side demand even as sales slow.

3. Market velocity is muted based on median days on market: 375, which implies slower sales velocity and reduced liquidity; combined with the market temperature being cold, sellers should expect longer marketing periods and buyers increased negotiating leverage.

4. Financing and affordability are headwinds: interest rate pressure: elevated, and current mortgage conditions show 30-year fixed rates averaging 6.35% in the local market, which elevated rate environment may suppress buyer purchasing power and prolong the observed cooling trend.

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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 33137 Real Estate Market Report

ZIP Code: 33137
Report Date: May 2026
Market Temperature: COLD
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

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Miami 33137 market average 6.35%, reflecting the prevailing interest rate environment for property owners in this area.

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 neighborhood's primary market value indicator—the median sold price—is 759,450; this representative recent sale level, combined with a slightly lower median listing price, suggests sellers are adjusting expectations toward completed transaction levels rather than holding out for higher ask prices.

2. Price momentum is weakening: the price year-over-year trend is down, and the market temperature is cold, which together suggest pricing pressure and greater negotiation room for buyers in recent transactions.

3. Liquidity is slowed: the median days on market is 431, indicating extended marketing periods that may reflect slower sales velocity and increased time needed to convert listings to closed sales despite elevated rent fundamentals.

4. Financing and rental context are mixed: interest rate pressure is elevated (Current 30-year fixed mortgage rates average 6.35% in this market), while the median market rent is 4,300 and rent year-over-year trend is up, which may support investor interest but require careful underwriting given higher borrowing costs.

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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.