Miami, FL 33137 Real Estate Market Report

ZIP Code: 33137
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Miami (33137) is currently $1,663,000, reflecting a market that has seen moderate price appreciation. This price point indicates a healthy demand, although the market has not experienced any documented historical price change percentage. The market is characterized by elevated inventory levels, suggesting a shift towards more balanced negotiations between buyers and sellers. As a result, the transaction volume appears to be moderate, with properties remaining on the market for an extended period, averaging 337 days on the market.

With a median listing price of $2,100,000, there is a notable gap between asking prices and sold prices, which may indicate some pricing friction as sellers adjust expectations to align with buyer sentiment. The market temperature is currently assessed as neutral, which suggests a stable environment where both buyers and sellers can engage without significant pressure. This balance may lead to more favorable conditions for buyers in the coming months, especially as inventory continues to improve.

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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.

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Key Findings

1. The median sold price of $1,663,000 indicates robust demand despite elevated inventory levels.

2. With 337 days on market, properties are experiencing slower sales velocity, suggesting a cautious approach from buyers.

3. The median listing price of $2,100,000 reflects a significant gap compared to sold prices, indicating potential pricing friction.

4. Market temperature is assessed as neutral, suggesting a balanced environment for both buyers and sellers.

5. The median market rent of $3,260 may influence buyer decisions as rental trends are reported as down year-over-year.

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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.