Miami, FL 33165 Real Estate Market Report

ZIP Code: 33165
Report Date: February 2026
Market Temperature: N/A
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: 33165) is characterized by a median sold price of $697,000, reflecting the actual transaction values in the area. This indicates a stable market environment, as the median sold price serves as a crucial indicator of market value and recent activity. The market has experienced a notable 223 days on market, suggesting a slower sales velocity and potential pricing friction as properties linger before closing.

Inventory conditions show elevated levels, with active listings exceeding sold properties in the analyzed sample. This excess supply relative to sales activity may indicate a shift in market dynamics, where sellers may need to adjust expectations to align with buyer demand. Overall, the market appears to be navigating a period of moderate transaction volume, which could influence future pricing strategies for sellers and buyers alike.

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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

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Miami, FL market average around 5.875% to 6.13%, which is notably lower than the 6.87% average seen one year ago.

Trend metrics unavailable due to insufficient data.

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 stands at $697,000, indicating stable transaction values in the current market.

2. With a median days on market of 223, properties are experiencing slower sales velocity, which may suggest pricing friction.

3. The median listing price is $799,998, creating a significant gap compared to the sold price, which may pressure sellers to reassess their pricing strategies.

4. Current mortgage rates range from 5.875% to 6.13%, which is lower than last year's rates, potentially boosting buyer interest.

5. The median market rent is $2,660, reflecting a robust rental market that may attract investors despite the current sales dynamics.

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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.