Miami, FL 33150 Real Estate Market Report

ZIP Code: 33150
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Miami, FL (ZIP: 33150) shows a median sold price of $515,000, reflecting a cooling trend in the market. This indicates a shift in buyer sentiment and market dynamics, as the area has experienced a decrease in prices year-over-year. The current median listing price stands at $580,000, suggesting a notable gap between seller expectations and actual transaction values, which may contribute to pricing friction in the market.

The market is characterized by elevated inventory levels, with longer selling times indicated by a median days on market of 292 days. This extended duration suggests a slower sales velocity and may indicate a more balanced market environment. Despite the cooling trend, local economic fundamentals remain positive, which may provide some resilience against broader national trends. Overall, the market appears to be stabilizing, but with caution as inventory continues to rise relative to sales activity.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Miami, FL, around 5.50% are significantly lower than the early 2026 average of 6.18%, indicating property owners who locked in recently secured a favorable rate.

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 median sold price is $515,000, indicating a decrease in market value compared to previous periods.

2. With a median listing price of $580,000, there is a significant gap between asking prices and sold prices, suggesting potential pricing friction.

3. The median days on market is 292 days, reflecting slower sales velocity and longer transaction times in the current market.

4. Market temperature is neutral, indicating a balanced environment without strong buyer or seller advantages.

5. Elevated inventory levels are observed, leading to excess supply relative to sales activity and contributing to a cooling market trend.

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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.