Miami, FL 33165 Real Estate Market Report

ZIP Code: 33165
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

---

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

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.

---

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.

---

Property Taxes

---

Liquidity & Velocity

---

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 33165 market average 6.49%, which is 0.615% higher than the 5.875% average observed for typical loans in this area earlier in 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. $699,000 median sold price remains the primary indicator of market value and recent transaction activity for 33165; with the median listing price of $775,000 notably above the median sold price, the gap suggests seller expectations exceed recent transaction levels and may be a source of pricing friction.

2. 292 median days on market implies slower sales velocity for recent transactions and, when combined with the listing/sold price spread, appears to give buyers more negotiation leverage rather than indicating acute distress.

3. The market shows a median price per square foot of $414 alongside a median market rent of $3,300, which contextualizes valuation and rent support for both SFR and condo assets but does not by itself indicate rental yield changes; both price and rent trends are currently reported as flat.

4. Market conditions are described as neutral with moderate interest rate pressure—current 30-year fixed rates average 6.49%, which is 0.615% higher than the earlier 5.875% average observed in this area—while sample data shows elevated inventory relative to sales activity, suggesting a transition toward a more balanced market rather than a rapid rebound.

---

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.

Miami, FL 33165 Real Estate Market Report

ZIP Code: 33165
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

---

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

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.

---

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.

---

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

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 33165 market average 6.49%, which is 0.615% higher than the 5.875% average observed for typical loans in this area earlier in 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The neighborhood's primary market value indicator is the median sold price $430,500, which reflects recent transaction activity and, when compared to the median listing price $364,500, suggests a notable disconnect between asking prices and realized sale prices that may indicate pricing friction or selective buyer acceptance of higher-priced, completed transactions.

2. The market shows slower sales velocity with a median days on market of 326, which may indicate extended marketing periods and gives buyers more negotiation time on individual SFR and condo listings.

3. Pricing context is anchored at $342 per sqft and median market rent is $1,700, providing a consistent valuation benchmark for active listings and recent sales; these metrics offer useful cross-checks for pricing decisions without implying a specific yield or return.

4. Broader trend indicators are muted: price year-over-year trend is flat and market temperature is neutral, while interest rate pressure is moderate — Current 30-year fixed mortgage rates in the Miami 33165 market average 6.49%, which is 0.615% higher than the 5.875% average observed for typical loans in this area earlier in 2026 — a factor that could weigh on buyer affordability and transaction pace.

---

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.