Miami, FL 33145 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 most reliable market indicator is the median sold price 741,106, which anchors recent transaction values and suggests realized pricing in the ZIP code; price momentum is up year‑over‑year, supporting modest appreciation expectations.
2. There is a notable spread between the median listing price 899,000 and the median sold price 741,106, which may indicate pricing friction where seller expectations exceed recent transaction levels and could provide negotiation leverage for informed buyers.
3. Liquidity appears muted despite active supply conditions: the median days on market 350 points to slower sales velocity, while the sample composition suggests elevated inventory relative to sales activity rather than a constrained market.
4. Value benchmarks remain strong for higher-end product: the median price per square foot 537 combined with a rising rent trend and a median market rent 2,871 support continued investor and owner demand, but moderate interest rate pressure and a neutral market temperature suggest a balanced near‑term outlook for SFR and condo segments.

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.