Miami, FL 33155 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. The primary market indicator, $599,000 as the median sold price, signifies the representative recent sale value in the ZIP and suggests current realized transaction pricing is notably below asking levels in the sample. down price momentum and a large listing-to-sale gap appear to be pressuring seller expectations.
2. Despite a higher $750,000 median listing price, the gap between median listing price and median sold price suggests pricing friction and potential seller over-optimism; this dynamic may contribute to moderate negotiation leverage for buyers and slower deal cadence.
3. The long 308 days median days on market indicates slower sales velocity and extended marketing periods; combined with elevated inventory relative to sales activity, this suggests liquidity is softer and transactions may require more time to close.
4. The $485 median price per square foot contextualizes unit-level pricing for both SFR and condo product but should be read alongside interest rate pressure: elevated interest rate pressure and a local 30-year fixed mortgage average of 6.5% may be constraining buyer affordability and contributing to the observed price softening and the neutral market temperature.

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.