Miami, FL 33147 Real Estate Market Report

ZIP Code: 33147
Report Date: May 2026
Market Temperature: NEUTRAL
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

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the 33147 area are averaging 6.3%, reflecting a stable market environment for property owners compared to early 2026 origination benchmarks.

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, median sold price $425,000, shows recent transaction value for the neighborhood and suggests pricing pressure relative to asking expectations given the median listing price $475,000 gap; this spread may indicate seller pricing needs to align with recent sales.

2. Market liquidity appears slower: the median days on market 266 points to extended marketing times and suggests slower sales velocity, which may require concessions or price adjustments to accelerate transactions.

3. Inventory conditions in the sampled dataset show elevated inventory relative to sales activity, which, combined with a down price year-over-year trend, may increase negotiating leverage for cautious buyers while prolonging time-to-contract for sellers.

4. Financing and rent context: interest rate pressure is elevated and local 30-year fixed mortgage rates are averaging 6.3%, while rent growth is flat; this combination supports continued affordability constraints for buyers and stabilizes rental expectations.

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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.