Miami, FL 33143 Real Estate Market Report

ZIP Code: 33143
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

The 33143 ZIP code is currently reflecting a median sold price of $1,946,000, indicating a down trend in home values. This market has decreased 8% since 2022, highlighting a notable shift in buyer sentiment and market dynamics. The median days on market stands at 281 days, suggesting a slower sales velocity and extended time for properties to transact, which may indicate a cooling market environment.

Despite the elevated inventory levels relative to sales activity, the broader Miami market exhibits mixed price signals, with the luxury segment continuing to outperform the middle market. The median listing price of $4,427,500 reflects seller expectations that may not align with current buyer demand, further contributing to the extended days on market. The rental market remains fundamentally strong, with a median market rent of $3,340, although new lease rents are stabilizing or slightly decreasing due to increased supply.

---

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

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.

---

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.

false

---

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

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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Miami, FL, average around 5.50% to 6.28%, which is significantly lower than the 6.87% average seen one year ago in February 2025.

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

---

Key Findings

1. The median sold price of $1,946,000 indicates a down trend in home values, reflecting shifting market dynamics.

2. Properties are taking an average of 281 days on market, suggesting a slower sales velocity and potential pricing friction.

3. The median listing price of $4,427,500 shows a significant gap from the sold prices, indicating potential seller expectations that are misaligned with market realities.

4. The market temperature is currently neutral, suggesting balanced conditions between buyers and sellers despite the elevated inventory levels.

5. Rental demand remains strong with a median market rent of $3,340, although new lease rents are stabilizing or slightly decreasing due to increased supply.

---

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.