Miami, FL 33150 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

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. 391,000 median sold price is the primary indicator of recent transaction values in 33150 and, together with a market temperature described as neutral, suggests a market that is stabilizing rather than rapidly appreciating; neutral market temperature appears to moderate aggressive pricing moves.
2. 529,000 median listing price sits well above recent transactions, which suggests seller expectations may be elevated relative to actual sale outcomes and points to pricing friction between ask and realized values.
3. 298 median days on market is long and indicates slower sales velocity and prolonged time-to-close for representative recent sales; this aligns with a narrative of relatively constrained active supply in the analyzed sample while transaction pace remains muted.
4. 6.49% Current 30-year fixed mortgage rates in the 33150 area are averaging 6.49%, which remains elevated and, combined with both a down price year-over-year trend and down rent year-over-year trend, reinforces elevated interest rate pressure as a headwind for near-term demand.

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.