Miami, FL 33155 Real Estate Market Report

ZIP Code: 33155
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: 33155) reflects a median sold price of $775,000, indicating a shift in market dynamics with overall home values trending down. This downward trend suggests that buyers may have more negotiating power, particularly in a market characterized by elevated inventory levels relative to sales activity. The median days on market stands at 230 days, which points to a slower sales velocity and may indicate pricing friction as sellers adjust expectations to align with current market conditions.

The median listing price of $890,000 creates a notable gap compared to the sold price, highlighting potential challenges for sellers in achieving their asking prices. The market temperature is currently assessed as neutral, suggesting a balance between supply and demand, but with signs of excess supply that could further pressure pricing. Despite these trends, the underlying rental demand remains strong, with a median market rent of $2,990, indicating that rental properties continue to attract interest even as lease rents face slight downward pressure.

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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 5.500% are significantly lower than the Florida average of 6.13% from February 2026, suggesting a favorable locked-in rate for recent borrowers.

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 of $775,000 reflects a market that is experiencing downward pricing pressure.

2. With a median days on market of 230 days, properties are taking longer to sell, indicating a slower sales velocity in the current market.

3. The median listing price of $890,000 suggests a significant gap between seller expectations and actual market transactions, which may lead to pricing friction.

4. The market temperature is neutral, indicating a balanced environment but with elevated inventory levels that could favor buyers.

5. Despite the overall market trends, the median market rent of $2,990 shows that rental demand remains fundamentally strong, even as rents face slight downward pressure.

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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.