Miami Shores, FL 33138 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

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market indicator, the median sold price, is 1,261,500, signaling realized transaction value for recent SFR and condo sales and serving as the best anchor for valuation decisions in Miami Shores (representative recent sale).
2. There is a meaningful spread between the median listing price and the median sold price—median listing price is 1,635,000 versus the median sold price of 1,261,500—which suggests pricing friction and that some sellers may be testing top-end pricing rather than achieving full asking prices.
3. Market velocity appears slow based on the median days on market of 428, which likely indicates longer negotiation timelines and reduced liquidity pressure despite an upward price trend.
4. Contextual indicators show prices are trending up (price year-over-year trend: up) while market temperature remains neutral, rent is trending up (rent year-over-year trend: up), and interest rate pressure is moderate; together these signals suggest selective seller strength but overall balanced conditions that buyers should still be able to negotiate into.

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.