Miami, FL 33155 Real Estate Market Report

ZIP Code: 33155
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Miami market, specifically in ZIP 33155, has seen a median sold price of $725,000, reflecting a recent trend of price stabilization. The neighborhood has decreased 8% since 2022, indicating a shift in buyer sentiment and market dynamics. As the market adjusts, the median days on market stands at 299, suggesting slower sales velocity and a potential need for sellers to recalibrate their pricing expectations.

Inventory levels are currently elevated, contributing to a more neutral market temperature. This environment allows buyers to exert greater leverage, particularly as elevated interest rate pressure continues to dampen affordability for many potential buyers. Despite these challenges, the luxury segment remains robust, buoyed by significant cash transactions, which may insulate it from broader market fluctuations.

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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 the Miami market average around 6.39% to 6.92%, which is higher than the 5.50% to 5.75% forecasted lows for 2026, suggesting recent lock-ins were favorable.

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 listing price of $837,000 indicates a notable gap compared to the median sold price of $725,000, suggesting potential pricing friction for sellers.

2. With 299 days on market, the current sales velocity appears slower, which may indicate a need for sellers to adjust their expectations to align with buyer sentiment.

3. The market temperature is currently neutral, reflecting a balance between elevated inventory levels and moderate sales activity, which may suggest a stable environment for both buyers and sellers.

4. Elevated interest rate pressure is impacting affordability, which could further influence buyer demand and overall market dynamics in the coming months.

5. The median market rent is $2,990, remaining flat year-over-year, indicating stability in rental pricing amidst the shifting sales landscape.

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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.